-
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: socially neccesary
Das Kapital vol.3 part 1, chapter 4: The Effect of Turnover on the Rate of Profit
This chapter is written entirely by Engels. According to Engels all Marx had completed for this chapter was the title.
Turnover time does not effect any of the basic observations about the rate of profit which we have already made. But it does alter the speed at which profits are made, thus effecting the rate of profit. While this may not be the most exciting chapter ever written there are some important concepts here. Most importantly, the faster the turnover time the higher the rate of profit. This means that capital has a marked tendency to decrease the turnover time both in production and circulation. Continue reading
Posted in Uncategorized
Tagged bohm-bawerk, capital, David Harvey, economics, engels, karl marx, labor theory of value, profit, socially neccesary, surplus value, turnover time, value, variable capital, volume 3
9 Comments