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Marxist Economics

Marxist economics is a theoretical framework and school of economic thought based on the works of Karl Marx, particularly his analysis of capitalism in 'Das Kapital'. It focuses on the critique of capitalist systems, emphasizing concepts like class struggle, surplus value, and the inherent contradictions within capitalism that lead to crises. It examines how economic relations shape social structures and historical development, often advocating for a transition to socialism or communism.

Also known as: Marxian economics, Marxist political economy, Marxism, Marxist theory, Kapitalism critique
🧊Why learn Marxist Economics?

Developers should learn Marxist economics to understand critical perspectives on technology's role in society, such as labor exploitation in gig economies or algorithmic bias reinforcing social inequalities. It provides tools for analyzing how economic systems influence software development practices, like open-source vs. proprietary models, and can inform ethical decision-making in tech projects related to social justice or economic policy.

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