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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
Econ101- commodities, value, exploitation
Econ 202- Capital, Credit, Money
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Marxists to watch out for
Tag Archives: value
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
4 Comments
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
122 Comments
Intrinsic Value
(What follows is a draft. Citations and footnotes are incomplete.) Intrinsic Value [cite Kliman’s paper on Intrinsic Value as helping me to understand the importance of the concept.] Throughout the opening chapter of Capital Marx jousts with many intellectual opponents, … Continue reading
Surplus Value (draft)
Another draft chapter for my book. All comments welcome. The most interesting part, I think, is the last section. Surplus Value Marx begins Capital with an analysis of the commodity form. He immediately tells us why: because the commodity is … Continue reading
Posted in book-drafts, Uncategorized
Tagged circulation, Exploitation, FMT, fundamental marxian theorem, marx, method, profit, surplus value, temporal, tssi, value, wage labor
22 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
2 Comments
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
