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Tag Archives: labor
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
Posted in Uncategorized
Tagged abstract labor, bohm-bawerk, concrete labor, exchange-value, labor, marx, money, price, substance, value
126 Comments
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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Law of Value 9: Abstract Labor
UPDATE: I can no longer recommend the presentation on Abstract Labor in this video. My thoughts on Abstract Labor have evolved since making this video, as can be seen in more recent posts on the subject. Therefore I do not … Continue reading
Posted in Econ 101-value profit exploitaiton, The Law of Value, Uncategorized
Tagged abstract labor, abstraction, capitalism, communism, hegel, labor, market socialism, marx, social power, state, value
127 Comments
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
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
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
Law of Value 5: Contradiction
We are all painfully aware that modern society is full of social antagonisms. There’s poverty amidst great wealth, over-work alongside massive unemployment, banks taking away homes, gentrification, racial tensions, violence against women, labor struggles, environmental apartheid, police brutality, gang violence, hate groups, massive dislocations of populations, and lots of war. Marx was interested in explaining all of these antagonisms, but he doesn’t start his analysis with any of them. Continue reading
Posted in Econ 101-value profit exploitaiton, The Law of Value
Tagged capital, capitalism, class, crisis, Das Kapital, economics, Exploitation, karl marx, labor, labor theory of value, profit, surplus value, use, value, wage labor
35 Comments
The Law of Value 2: The Fetishism of Commodities
part 2 in the Law of Value series. There are a lot of people that are really powerful in the world: Presidents, CEO’s, bankers, leaders of movements… But there is an object, a thing, that is more powerful than any … Continue reading
Posted in The Law of Value
Tagged capital, capitalism, commodity, economics, fetishism, labor, market, marx, money, personification, reification, value
19 Comments
Questions regarding the Labor Theory of Value?
I’m remaking my Labor Theory of Value video. My current plan is to break up the topic into various sub-topics like the fetishism of commodities, use-value and exchange value, supply and demand, abstract labor, socially necessary labor time, skilled labor, … Continue reading
Work
Work. Part One: Part Two: Human beings have always worked. But the way we work has changed over time. In working we not only create the necessities for our own survival but we create the world around us and create … Continue reading
Posted in Uncategorized
Tagged advertising, capitalism, clerical, deskill, Exploitation, factory, job, labor, labor power, marketing, office, rationalization, scientific management, skilled, taylorism, union, work, worker
5 Comments
Kapitalism101 