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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: money
Episode 26: Dialogue with Patrick Murray on the Value-Form Paradigm, Part 2
This is reposted from the podcast home page. Brendan and Andrew continue their dialogue with Patrick Murray, the noted value-form theorist. (The value-form paradigm is a Marx-inspired strand of political economy that focuses on the market.) Patrick responds to Andrew’s … Continue reading
Posted in podcast, Radio Free Humanity- The Marxist-Humanist Podcast
Tagged andrew kliman, debate, marx, money, Patrick murray, value, value form
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Dialogue with Patrick Murray on the Value-Form Paradigm, Part 1. Radio-Free Humanity Ep. 25
MHI · Dialogue with Patrick Murray on the Value-Form Paradigm, Part 1 — Ep. 25 Brendan and Andrew welcome Patrick Murray, the noted value-form theorist, onto the podcast. (The value-form paradigm is a Marx-inspired strand of political economy that … Continue reading
Posted in podcast, Radio Free Humanity- The Marxist-Humanist Podcast, Uncategorized
Tagged cooney, demand, exchange, kliman, market, marx, money, Patrick murray, value, value-form
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Indirectly Social Labor
Indirectly Social Labor (This is a draft chapter. Comments appreciated.) This chapter considers Marx’s distinction between directly social and indirectly social labor. Indirectly social labor is a key concept used by Marx to characterize the distinctive nature of capitalism. Any … Continue reading
Posted in book-drafts, Uncategorized
Tagged communism, dependence, directly social labor, humanist, indirectly social labor, marx, money, particular, post festum, rubin, universal, value
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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
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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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
The Critique of Political Economy- Chapter 2 part 1 notes
the second installment of my notes on the book: Chapter 2: Money or Simple Circulation. Marx tells us that the confusion about money will disappear once we look at the evolution of money. Does he mean the historical evolution or … Continue reading
Posted in the critique of political economy- notes, Uncategorized
Tagged coin, currency, debase, gray, labor money, marx, money, value
20 Comments
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
61 Comments
Value-Price- a draft script
This is a draft of the script for my next video “Value and Price”. Any feedback is helpful. The footnotes have yet to be numerically linked to the main text. Intro There is a lot of confusion over Marx’s theory … Continue reading
Posted in Econ 101-value profit exploitaiton, The Law of Value, Uncategorized
Tagged cost-price, marx, money, price, prices of production, profit, SNLT, transformation problem, value
3 Comments