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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: worker
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 6: Socially Necessary Labor Time
We’ve probably all heard Marx’s famous description of the higher phase of communism: “From each according to his ability, to each according to his need.” Marx didn’t actually come up with this phrase but he quotes it in one his rare commentaries on communism. Here an hour of one person’s work is equal to an hour of anyone else’s, creating a basis for real equality throughout society, regardless of the productive abilities (or privileges) of individuals. In the Critique of the Gotha Program Marx describes the lower phase of communism as a system in which, after an hour of labor, all workers receive a certificate entitling them to a certain amount of consumption goods in proportion to their working time, not their level of productivity. There is no SNLT, and no inequality, because everyone’s work has the same social power. Obviously this is not a robust plan for how a communist society should be run. But it gives us a glimpse into the sort of radical questions we should be asking ourselves when thinking about communism. Continue reading
Law of Value 6 (or 5): Contradictions – a draft
Marx is always talking about contradictions in the law of value. But these aren’t logical contradictions like “round square” or “military intelligence”. They are contradictions inscribed into the very heart of the social relations of a capitalist society. Some prefer to use the word “antagonisms”. Continue reading
Posted in The Law of Value
Tagged capital, capitalism, class, crisis, economics, Exploitation, karl marx, labor theory of value, machines, marx, profit, surplus value, value, wage labor, worker
13 Comments
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
Welcome to Kapitalism…
This is a place to post the text of my youtube videos which deal with various topics in economics. You will find the links to each video and their text under the “pages” section on the right.
Posted in Uncategorized
Tagged automation, capital, capitalism, circuit of capital, communism, crisis, economics, engels, exchange, Exploitation, karl marx, labor theory of value, marx, money, organic composition, socialism, state, surplus, use, value, worker
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