Tag Archives: bohm-bawerk

On Labor as the Substance of Value

(This is a draft. All comments welcome. Citations and footnotes are incomplete.) Labor as Substance of Value Once Marx has established that value is a property intrinsic to commodities he immediately goes on to ask what this value is and … Continue reading

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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

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Law of Value 8: Subject/Object

Law of Value 8: Subject/Object part 1: part 2: part 3: part 4: One of the more common objections raised to Marx’s theory of value, at least here in the theoretical void of cyberspace, is the objection posed by subjective … Continue reading

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Law of Value 8: Subject/Object -draft

This is a draft of my script for the 8th video in my Law of Value series (see link to the right). All comments and criticisms are extremely welcome… that’s why I post these scripts before going into production. Subject/Object … Continue reading

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Marginal Futility- Reflections on Simon Clarke’s “Marx, Marginalism and Modern Sociology”

Reflections on Simon Clarke’s “Marx, Marginalism and Modern Sociology” I say “reflections” but this post is mostly a summary of parts of this great book by Simon Clarke. I read Clarke’s book “Marx’s Theory of Crisis” a year ago and … Continue reading

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Bukharin on the Subjective/Objective Value debate

Thoughts on Bukharin’s “Economic Theory of the Leisure Class”, opening chapters… My preparations for “Law of Value 8: subject/object” which is to attempt to make sense of the debate over whether value is subjective or objective have led me to … Continue reading

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Law of Value 7: Production and Exchange

This is part 7 of a series on the law of value. Part 1: Part 2: Part 3: Production- Exchange script We get into trouble anytime we try to understand something in isolation. The true meaning of things exist not … Continue reading

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