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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: theory
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
The Enigma of the Enigma- my critique of David Harvey for the Left Forum
see the more recent, and far superior, draft here. The Left Forum is next weekend at Pace University in NYC. I’m speaking on two panels on Sunday: David Harvey and Capitalist Accumulation; and a roundtable on Andrew Kliman’s new … Continue reading
Posted in Econ 303- Crisis
Tagged crisis, critique, David Harvey, Limits, marx, overaccumulation, rate of profit, sraffa, theory, TRPF
42 Comments
Network for the Circulation of Theoretical Struggles
There is a new website in town. Now, perhaps you are already maxed-out on new websites, but I would urge regular readers to consider paying a bit of attention to this new site as it is a bit unique. The … Continue reading
Posted in Uncategorized
Tagged capital, capitalism, communism, crisis, marx, NCTS, network for the circulation of theoretical struggles, OWS, practics, praxis, reading, reading group, revolution, socialism, theory, thought
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
Falling Rate of Profit
The Falling Rate of Profit The financial world is a mysterious one. It appears that through trading stock, advancing credit, or swapping currencies profit can appear out of thin air- that is, money can be turned into more money just … Continue reading
Posted in Econ 303- Crisis
Tagged abstract, automation, bail-out, capital, capitalism, concrete labor, constant, crisis, depression, exchange, falling rate of profit, innovation, machines, marx, money, recession, sub-prime, surplus, technology, theory, underconsumption, value, variable, wages
13 Comments