Tag Archives: demand

Law of Value 10: Price and Value

[This is video 10 in my ongoing Law of Value series. It's a controversial topic... so, let's see what folks think of my attempt...] Here’s a yo-yo. Let’s say it took an hour to make, parts and everything. And here’s … Continue reading

Posted in The Law of Value, Uncategorized | Tagged , , , , , , , , , , | 56 Comments

Value and Price Q&A

I have been looking forward to finally putting together a script for a video on Value and Price. As a preparation for that task I’ve written the following: an attempted summary of my understanding the topic. The text is peppered … Continue reading

Posted in Econ 101-value profit exploitaiton, The Law of Value, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , | 42 Comments

further draft of subject-object

Perhaps it borders on narcissism to think that the world is interested in following the successive redrafting of the scripts to my videos. But I suppose there are worse things to clutter the internet with. I do always find feedback … Continue reading

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Value, Crisis and Marx’s Order of Operations- final draft

An economic crisis manifests itself in many different forms simultaneously: stock market crashes, housing market crashes, over capacity, unemployment, etc. For every aspect of the crisis there is some theorist who mistakes this surface appearance for the inner mechanism of crisis. But a proper analysis of crisis needs to have some reason for selecting some phenomena as causes and others as effects. There must be a proper ordering of the relations between different economic factors in order for our analysis to avoid being arbitrary and piecemeal. Marx gives us a very clear, though complex, ordering of these relations. This paper will attempt to critique credit-centered and underconsumptionist theories of crisis from the perspective of Marx’s “order of operations”. It will close with some brief remarks about the Falling Rate of Profit. Continue reading

Posted in Econ 303- Crisis | Tagged , , , , , , , , , , , , , | 9 Comments