Which of the following books is called the ‘Bible of Socialism’?

Economics of Welfare
Das Capital
Value and Capital
Asian Drama

The correct answer is: B. Das Capital

Das Kapital is a three-volume treatise on political economy written by Karl Marx and Friedrich Engels. It is considered one of the most influential works in the history of economic thought. The first volume was published in 1867, the second volume in 1885, and the third volume was published posthumously in 1894.

Das Kapital is a critical analysis of capitalism, focusing on the exploitation of the working class by the capitalist class. Marx argues that capitalism is a system based on the exploitation of labor, and that the working class will eventually overthrow capitalism and establish a communist society.

Das Kapital has been translated into many languages and has been widely read and debated. It is considered one of the most important works of socialist literature.

The other options are incorrect because:

  • Economics of Welfare is a book by Arthur Cecil Pigou, published in 1920. It is a study of the economic consequences of poverty and inequality.
  • Value and Capital is a book by Piero Sraffa, published in 1960. It is a study of the theory of value and distribution.
  • Asian Drama is a book by Gunnar Myrdal, published in 1968. It is a study of the economic development of Asia.