-
Recent Posts
- Dude, Where Are Your Videos?
- Radio Free Humanity, Episode 32: Making Marx Make Sense: The Early Years
- Episode 31: Marx’s Crisis Theory: New Spanish Defense
- Episode 28: Lebanon’s Protest Movement Since the Beirut Explosion-Radio Free Humanity
- Episode 27: Reading “American Civilization on Trial” in Costa Rica. Radio-Free Humanity
The Law of Value- the series
1. Introduction
1.2 A quiz on Marx's theory of Value
1.3 Addendum on how to watch these videos
2. The Fetishism of Commodities.
3. Das MudPie (social labor)
4. Use-Value, Exchange-value and Value
5. Contradiction
6. Socially Necessary Labor Time
7. Production and Exchange
8. Subject/Object
9. Abstract Labor
10. Value and PriceRecent Comments
MrEverpresent on The Law of Value 2: The Fetish… Westicle on Dialogue with Patrick Murray o… kapitalism101 on A Post-Capitalist Future-Not B… Westicle on A Post-Capitalist Future-Not B… kapitalism101 on A Post-Capitalist Future-Not B… -
Join 771 other subscribers
Blogroll
Marxists to watch out for
Tag Archives: economics
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
Posted in The Law of Value
Tagged abstraction, capitalism, crisis, demand, economics, fetishism, labor theory of value, marginalism, marx, materialism, object, price, socialism, subject, subjectivism, value
9 Comments
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
Posted in The Law of Value
Tagged bohm-bawerk, economics, hilferding, labor theory of value, marx, mises, objective value, subjective theory of value
15 Comments
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
Posted in Uncategorized
Tagged austrian, bohm-bawerk, capital, classical, economics, ludwig von mises, marginalism, marx, neo-classical, simon clarke, utility
29 Comments
DietSoap Interview on Harvey-Kliman-Wolff
Last week I did another interview with Doug Lain of Diet Soap. We talked about three different Marxist crisis theorists: David Harvey, Andrew Kliman and Rick Wolff.
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
Posted in The Law of Value
Tagged abstraction, austrain, bohm-bawerk, bukharin, circularity, crisis, dialectic, economics, infinite regression, labor, labor thoery of value, ltv, marginal utility, marx, objective, subjective, value
16 Comments
Subject/Object- thoughts
subject/object- preliminary thoughts. While I often post early drafts of scripts on the blog it is not often that I actually post something of this sort- a pre-draft exploration of a topic. I am doing so because I find the … Continue reading
Posted in The Law of Value
Tagged capital, dialectic, economics, inversion, labor theory of value, marx, object, objective, subject, subjective, value
15 Comments
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
Posted in The Law of Value
Tagged bohm-bawerk, democracy, dialectic, economics, equality, exchange-value, freedom, ideology, individualism, karl marx, labor, market, marx, one-sided, particular, ricardo, scarcity, smith, universal, use value, utility, value, value theory, worker
10 Comments
Kapital vol 3; Chapter 14. Counteracting Influences
Capital Vol. III Part III: The Law of the Tendency of the Rate of Profit to Fall Chapter 14. Counteracting Influences (This post is part of an ongoing project: a close reading of volume 3 of Kapital, one post per … Continue reading
Law of Value 6: Socially Necessary Labor Time
We’ve probably all heard Marx’s famous description of the higher phase of communism: “From each according to his ability, to each according to his need.” Marx didn’t actually come up with this phrase but he quotes it in one his rare commentaries on communism. Here an hour of one person’s work is equal to an hour of anyone else’s, creating a basis for real equality throughout society, regardless of the productive abilities (or privileges) of individuals. In the Critique of the Gotha Program Marx describes the lower phase of communism as a system in which, after an hour of labor, all workers receive a certificate entitling them to a certain amount of consumption goods in proportion to their working time, not their level of productivity. There is no SNLT, and no inequality, because everyone’s work has the same social power. Obviously this is not a robust plan for how a communist society should be run. But it gives us a glimpse into the sort of radical questions we should be asking ourselves when thinking about communism. Continue reading