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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
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Tag Archives: falling rate of profit
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
Part 2 of my interview on Diet Soap
Part 2 of My interview on Diet Soap has now been posted.
Posted in Uncategorized
Tagged andrew kliman, brendan cooney, capitalism, crisis, David Harvey, diet soap, falling rate of profit, marx, rick wolfe, underconsumption
3 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.
Capital Vol. III Part III Chapter 15. Exposition of the Internal Contradictions of the Law
Capital Vol. III Part III The Law of the Tendency of the Rate of Profit to Fall Chapter 15. Exposition of the Internal Contradictions of the Law After two chapters of pretty straightforward exposition of the falling rate of profit … Continue reading
Posted in Kapital Vol. 3
Tagged capital, Das Kapital, falling rate of profit, harvey, kliman, marx, volume 3
3 Comments
Left Forum panels from Marxist-Humanist Initiative
I recently enjoyed watching these videos of some Left Forum panels sponsored by the Marxist-Humanist Initiative. Is Socialism Possible? Shockingly the answer is “yes”. This actually two panels featuring quite a variety of speakers including Michael Albert, Andrew Kliman, Anne … Continue reading
Posted in Uncategorized
Tagged albert, anarchist, capitalism, communism, crisis, falling rate of profit, freeman, jaclard, kliman, left forum, marx, moseley, socialism, theory
5 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
The Tendency of the Mass of Crisis Theory to Rise
This is my first draft of my paper for “The Economic Crisis and the Left Response” which is taking place in New York this coming weekend (11-6-10). “First draft?” you ask, “Isn’t that happening in just 4 days?” Yes, I … Continue reading
Posted in Uncategorized
Tagged capital, capitalism, counter-tendency, crisis, falling rate of profit, finance, harvey, kliman, monopoly school, realization, speculation, surplus value, sweezy, tendency, underconsumption, wolfe
1 Comment
Marx and Temporalism- a Tutorial
This is a workshop on the Temporal Single System Interpretation (TSSI) of Marx’s value theory. It was recorded in November of 2009 at the Rethinking Marxism conference in Amherst Mass. The presenters are Andrew Kliman and Alan Freeman, two of the leading figures in the TSSI. The TSSI aims to show that by viewing Marx’s value theory through a temporal lens the claims by Marx’s opponents that his value theory is inconsistent are refuted. Continue reading
Posted in Uncategorized
Tagged alan freeman, andrew kliman, capital, crisis, falling rate of profit, marx, Okishio, profit, surplus, temporal single system interpretation, tssi, tutorial, value theory
5 Comments
Rethinking Marxism: Temporal Value Theory in a Moment of Crisis; Roundtable on the Economic Crisis
This is video from a roundtable on the economic crisis held during this year’s Rethinking Marxism conference in Amherst Mass. Each panelist’s presentation stands on its own so they need not be viewed in any specific order. A brief bio proceeds each video as well as my own short summary of their argument. This is merely to help viewers decide what to watch and to give some brief context for the uninitated. Continue reading
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 credit, crisis, demand, exchange-value, falling rate of profit, finance, marx, money, prices, profit, stocks, underconsumption, use value, value
9 Comments