Unravelling Capitalism has 34 ratings and 6 reviews. Martin said: This is a detailed and well written book. The centrality of the economic situation to p. Joseph Choonara – Unravelling Capitalism, A Guide to Marxist Political Economy. Economics is one of those subjects that those who are. Joseph Choonara, Unravelling Capitalism: a Guide to Marx- ist Political Economy , Bookmarks £ Economics can seem daunting and impenetrable.

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Unravelling Capitalism

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ResoluteReader: Joseph Choonara – Unravelling Capitalism, A Guide to Marxist Political Economy

Karl Marx was the greatest critic of capitalism. Yet his ideas are widely dismissed or misunderstood. But Marx is indispensable for anyone who wants to grasp why capitalism is a system of exploitation, instability and repeated crises. He also outlines Karl Marx was the greatest critic of capitalism.

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Be the first to ask a question about Unravelling Capitalism. Lists with This Book. Sep 08, Martin Empson rated it it was amazing. This is a detailed and well written book. The centrality of the economic situation to political discourse at the moment makes this a must read for any radical trying to understand the ins and outs of the system. It should also be on the reading list for every economics student in noseph country, clearing away the confusions that a myriad of mainstream commentators have spread about Marxism May 13, Moth rated it it was ok Shelves: Contrary to the other reviewers, I found this a bit hard to follow.

I usually like short-and-to-the-point reads but Choonara was a bit too concise for me, and I’m assuming a bit too concise for any reader who is a complete economy dummy. Nov 28, Joshua rated it liked it Shelves: I read this book because I wanted to learn more about Marxist political economy. This has become interesting to me because of the global economic crisis of recent years.

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Overall I feel that this book is a good introduction to the field. I would xapitalism that this is an intermediate level book about Marxism in general, but a beginner level book in the field of Marxist political economy.

Unravelling Capitalism by Joseph Choonara

Marx’s economic theory is explained using straight forward language with examples. Concepts like surplus value, livin I read this book because I wanted to learn more about Marxist political economy. Concepts like surplus value, living and dead labour, variable capital, constant capital, the organic composition of capital and the tendency for the rate of profit to fall are all introduced and explained fairly well.

There are also brief chapters on the role of finance and credit which facilitates capitalist expansion while also increasing the crisis prone voltatility of the capitalist system.

The final third of the book is devoted to explaining five different eras of capitalism. The five eras are divided into the classical era, the birth of imperialism, the slump and state capitalism, the long boom, and the return to crisis the era of capitalism we live in. These chapters were interesting because they build up explanations using the ideas introduced in the earlier chapters. There is of course a bias towards explanations worked out by theoreticians from the International Socialist Tendency.

This is not surprising given that this book is published by Bookmarks, which is the publisher for the International Socialist Tendency. I found the level of discussion to be not too difficult, although there were some areas that I had to read more than once to get my head around, specifically those found in the chapter on Prices and the general rate of profit.

This chapter is a brief account of ideas outlined in Marx’s third volume of Capital.

Unravelling Capitalism : A Guide to Marxist Political Economy

Apparently this is a contentious area and there is something called the ‘transformation problem’. I’m still not sure what the transformation problem is exactly. Apparently Marx asserts that the ca;italism of profit in an economy tends to equalise across different branches of industry. Apparently capital flows from branches with a high organic composition of capital to areas with a low organic composition of capital.

Somehow this leads to a ‘general rate of profit’ for the whole economy which capitalists grab a share of in proportion to the amount of capital they invest Overall I reckon this is a pretty good book to start looking at Marxist political economy.

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There are several pages worth of further reading suggested. I think I will return to Unravelling Capitalism and get more out of it as I read more about this fascinating area.

Mar 20, Jacob Pointon rated it it was amazing. Great introduction to Marxian Political Economy. Jun 26, Titus Hjelm rated it liked it. Good primer on Marx’s Capital and how it can help us understand modern capitalism. The view is quite uncritical, of course, but refreshing nevertheless.

Jan 25, Robin rated it liked it. Easy enough to read, and quite helpful in dealing with some complex issues. Adam Reza rated it liked it Dec 17, Matt Bradbury rated it it was amazing Aug 05, S rated it really liked it Aug 12, C rated it really liked it Sep 12, John rated it liked it Feb 14, Max rated it it was amazing Apr 18, Ahmed rated it really liked it May 03, Tom rated it liked it Jul 07, Daniel rated it liked it May 09, Nigel Pearce rated it it was amazing May 20, Tom Blackburn rated it liked it Dec 25, Teri rated it it was amazing May 29, David Benbow rated it really liked it Aug 05, Eoin Palmer rated it it was amazing Jan 10, Donal Fhearraigh rated it it was amazing Jun 21, Kristina Ilieva rated it liked it Jan 20, Scott rated it really liked it May 12, Jack rated it really liked it Apr 09, Wael Gamal rated it liked it May 08, Stijn Krooshof rated it really liked it Nov 27, Adnaan Abo adnaan rated it it was amazing May 18, Lewistodman rated it really liked it May 29, Hestmord rated it really liked it Feb 22, There are no discussion topics on this book yet.

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