3.91 avg rating — 12,164 ratings

"The author misses the fundamental truth of ex ante mutual gains through trade. This upsets his whole schema of value, and he characteristically engages in definitional legerdemain to rescue his idiotic point about "surplus value." His efforts to shore up the gross error of the labor theory of value (the grave and almost inexplicable error of Adam Smith and David Ricardo) was all to advance his exploitation theory. And thus, just as the marginalize revolution started, he neglected subjective value, marginal utility, and consumer surplus. This marks this Marx book as one of the great fiascos in economic theory. Further, he blatantly lied about historical evidence to bolster his immiseration thesis. Liking Das Kapital is like buying into a Ponzi scheme: it shows want of judgment or else a grifter's gambit to con someone else.
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