Socialdem. 21st Century

David Harvey is a Professor of Anthropology and Geography at the Graduate Center of the City University of New York.Class 3 of his video series on Reading Marx’s Capital Volume 1 is below.[embedded content]This video deals with Chapter 3 of volume 1 of Capital.My critical comments: (1) at 8.25 onwards and later at 20.30 Harvey notes that money is no longer a commodity or is convertible into a commodity like gold at fixed rate. But this is quickly dismissed, and glosses over a severe problem...

David Harvey is a Professor of Anthropology and Geography at the Graduate Center of the City University of New York. He has produced a video series on Marx’s Capital, and is also the author of these relevant books: Harvey, David. 2010. A Companion to Marx’s Capital. Verso, London and New York.Harvey, David. 2013. A Companion to Marx’s Capital. Volume Two. Verso, London and New York. Class 2 of his video series on Reading Marx’s Capital Volume 1 is below.[embedded content]This video deals...

Chapter 1 of volume 1 of Capital is called “The Commodity,” and presents Marx’s theory of the commodity and labour value.Chapter 1 is divided into four sections: (1) The Two Factors of the Commodity: Use Value and Value(2) Dual Character of the Labour embodied in Commodities(3) The Value-Form, or Exchange-Value(4) The Fetishism of the Commodity and its Secret. A summary of the first two sections is here. Below is a critical summary of the last two sections.(3) The Value-Form, or...

The labour theory of value as presented in Part 1 of volume 1 of Capital is wrong for the following reasons: (1) the a priori argument for the labour theory of value in volume 1 of Marx’s Capital is a non sequitur and later contradicts itself, as detailed here and here.(2) Marx faces the problem of reducing all heterogeneous human labour to a homogeneous abstract socially necessary labour time unit, but does not properly explain how this happens;(3) even if Marx could overcome (1) and (2),...

Updated: This post is a work in progress at the momentChapter 1 of volume 1 of Capital is called “The Commodity,” and presents Marx’s theory of the commodity and labour value.Chapter 1 is divided into four sections: (1) The Two Factors of the Commodity: Use Value and Value(2) Dual Character of the Labour embodied in Commodities(3) The Value-Form, or Exchange-Value(4) The Fetishism of the Commodity and its Secret. Interpreters of Marx admit that the first few chapters of Capital are made...

I mean in an economic context.People sometimes seem confused about what it means, but I don’t find it problematic. In an economic context, “austerity” has this sense: (1) a situation where the net effect of a government budget (in all its aspects whether spending or taxation, etc.) is contractionary fiscal policy in which aggregate demand is reduced or drained from the economy. E.g., the fiscal policy of Greece and Ireland after 2008 was an example of this type of austerity. However,...

"Withstanding Great Recession like China" Yi Wen and Jing Wu - March 2014 Working Paper 2014-007A FEDERAL RESERVE BANK OF ST. LOUIS http://research.stlouisfed.org/wp/2014/2014-007.pdf [...] Federal Reserve Bank of St. Louis Working Papers are preliminary materials circulated to stimulate discussion and critical comment. Google The Web Modern Monetary Theory (MMT)

"Withstanding Great Recession like China" Yi Wen and Jing Wu - March 2014 Working Paper 2014-007A FEDERAL RESERVE BANK OF ST. LOUIS http://research.stlouisfed.org/wp/2014/2014-007.pdf [...] Federal Reserve Bank of St. Louis Working Papers are preliminary materials circulated to stimulate discussion and critical comment. Google The Web Modern Monetary Theory (MMT)

psychedelic black and white animation. Official music video for Façade - Frohike video by space is green (Roland vd Velden) [ http://www.spaceisgreen.nl ] audio by Façade [ http://facebook.com/facadeisblessed ] Make sure to subscribe! Please visit http://www.spaceisgreen.nl for more stuff.

NO MUSIC! (On purpose... You can choose your own :-) Link to very high quality mkv video in description. Electric Sheep in HD is an high-definition rendering from the Electric Sheep project by Scott Draves. You can find more about it at http://electricsheep.org/ Scott's website is at http://scottdraves.com/ You can find more information about this video, plus a torrents of a high-quality mkv version, or looping blu-ray iso image at http://blog.highlyillogical.org/electric-sheep-in-hd/...