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Tag Archives: wages
Are Corporations People? Is Romney?
Watching Democracy Now on Friday Jan 6th I saw another sad exchange on the topic of “corporate personhood”, the strange legalistic side-track that seems to have galvanized so much of the passions of Occupiers. Two days earlier Mark Provost of … Continue reading
Posted in Uncategorized
Tagged adam smith, corporate personhood, corporations are people, democracy now, department, economics, karl marx, kliman, OWS, provost, romney, value, wages
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Kapital vol. 3 Part 2, Chapter 11: Effects of General Wage Fluctuations on Prices of Production
After all the excitement of Chapter 10, this is a bit of a downer.
How do changes in wages effect the price of production? First we must realize that different firms will be effected differently depending on whether of not they produce at, below or above the average organic composition. Continue reading
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
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DIY exploitation
Part one: Part two: This is a follow up video to “where does profit come from?” In that video: labor creates value. therefore labor is the source of profit. review: of all inputs in production, only one input is capable … Continue reading
Posted in Econ 101-value profit exploitaiton
Tagged absolute surplus value, capital, capitalism, capitalists, constant, economics, exchange, Exploitation, karl marx, labor value, machines, profit, relative surplus value, supply and demand, surplus value, sweatshops, technology, unions, use, variable, wages, workers
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Kapitalism101 