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Tag Archives: economics
Intrinsic Value
(What follows is a draft. Citations and footnotes are incomplete.) Intrinsic Value [cite Kliman’s paper on Intrinsic Value as helping me to understand the importance of the concept.] Throughout the opening chapter of Capital Marx jousts with many intellectual opponents, … Continue reading
Critique of Political Economy: C. Theories of the Medium of Circulation and Money – notes
C. Theories of the Medium of Circulation and MoneyAt the end of Chapter 1: Commodities we had “A:Notes on the History of the Theory of Value”. At the end of Chapter 2 part 1: The Measure of Value we had … Continue reading
Posted in the critique of political economy- notes, Uncategorized
Tagged circulation, commodity, economics, hume, marx, measure of value, money, price, quantity theory, ricardo, value
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Alan Freeman: Investing in Civilization
This is a lecture that Marxist economist Alana Freeman gave in China in 2012 on the topic of the Creative Industries. (It’s a practice talk Alan gave in his hotel the day before his actual presentation.) While the talk … Continue reading
Posted in Interviews, Uncategorized
Tagged alan freeman, capitalism, creative industry, crisis, economics, labor, marx
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Critique of Political Economy. Chapter 2 part 2- notes
2. Medium of Circulation Interesting that Marx has discussed all of these properties of money as measure of value, unit of account and so on, without getting into circulation. Thus, in Marx’s system, money arises out of the nature of … Continue reading
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 demand, economics, marx, money, price, prices of production, profit, supply, theory, transformation problem, value
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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
Posted in Econ 101-value profit exploitaiton, The Law of Value, Uncategorized
Tagged antiques, art, average, bohm-bawerk, commodity, critique, demand, economics, labor, market, marx, modal, money, monopoly, mud pie, price, rate of profit, SNLT, supply, utility, value
42 Comments
The Failure of Capitalist Production- Interview With Andrew Kliman
In late January of 2012 I interviewed Andrew Kliman about his new book on the economic crisis, “The Failure of Capitalist Production.” I am still working on getting a good method of recording Skype interviews so the audio is … Continue reading
Posted in Interviews
Tagged andrew kliman, crisis, economics, failure of capitalist production, falling rate of profit, interview, marx, underconsumption
14 Comments
Are Corporations People? Is Romney?
Watching Democracy Now on Friday Jan 6th I saw another sad exchange on the topic of “corporate personhood”, the strange legalistic side-track that seems to have galvanized so much of the passions of Occupiers. Two days earlier Mark Provost of … Continue reading
Posted in Uncategorized
Tagged adam smith, corporate personhood, corporations are people, democracy now, department, economics, karl marx, kliman, OWS, provost, romney, value, wages
32 Comments
Law of Value 9: Abstract Labor, draft (parts A and B)
This is draft of my script for Abstract Labor, the 9th video in my Law of Value series. I always appreciate the comments, suggestions and criticism on these drafts. They really help me focus the scripts. This video has a … Continue reading
Posted in The Law of Value
Tagged abstract labor, abstraction, capitalism, economics, Exploitation, hegel, law of value, market, marx, method, value
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Kapitalism101 