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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: indirectly social
Abstract Labor and reading Marx
In the next few posts I will post a close reading of some important works by Marx that explore his concept of ‘abstract labor’. In a past post from last summer I wrote about some revelations I had from reading … Continue reading
Posted in Uncategorized
Tagged abstract labor, bank money, indirectly social, rubin, value-form
4 Comments
Law of Value 3: Das MudPie
If you spend any time reading about Marx’s theory of value on the internet you probably will come across some version of this asinine excuse for a critique called “the mudpie argument.” The basic style of the mudpie argument is similar to many advanced by those who know nothing about Marx’s theory of value: one constructs a ridiculous strawman argument that has nothing to do with Marx and then proceeds to knock it down with “devastating” brilliance, moral outrage, and a few clever asides about Stalinism. The MudPie argument goes something like this:
Marx claimed that labor is what gives all commodities value. But what if I make a mudpie? This is a product of labor yet nobody will buy it. It has no value. So Hah! Take that Karl Marx! Continue reading
Posted in The Law of Value
Tagged austrian, commodity, directly social, economics, indirectly social, marx, money, mudpie, social labor, use value, utility, value
9 Comments