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#4: MR. MONEYBAGS (Ch. 4-6)
Manage episode 291247204 series 2919470
Content provided by Reading Capital With Comrades. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Reading Capital With Comrades or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Our fourth episode covers chapters 4-6, where Marx offers the first definitions of capital, surplus-value, labor power, as well as the relationship between the legal superstructure and the economic base. Picking up on the introduction of money into the exchange process and the contradictions between use-value and exchange-value, we begin by distinguishing C-M-C from M-C-M’, before questioning where the increase in M (or surplus-value) comes from. The answer? Labor power! The end of the episode discusses the unique properties of labor power, how its value is determined, the conditions under which it’s exchanged, and how the buying and selling of labor power alone can’t explain surplus-value.
Contact us with questions or feedback at ReadingCapital@LiberationSchool.org
12 episodes
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Manage episode 291247204 series 2919470
Content provided by Reading Capital With Comrades. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Reading Capital With Comrades or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Our fourth episode covers chapters 4-6, where Marx offers the first definitions of capital, surplus-value, labor power, as well as the relationship between the legal superstructure and the economic base. Picking up on the introduction of money into the exchange process and the contradictions between use-value and exchange-value, we begin by distinguishing C-M-C from M-C-M’, before questioning where the increase in M (or surplus-value) comes from. The answer? Labor power! The end of the episode discusses the unique properties of labor power, how its value is determined, the conditions under which it’s exchanged, and how the buying and selling of labor power alone can’t explain surplus-value.
Contact us with questions or feedback at ReadingCapital@LiberationSchool.org
12 episodes
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