Ep. 360: Karl Marx on Economic Value (Part One)
On Capital (1867), Ch. 1, "The Commodity."
What makes something we buy or sell valuable? Marx says it's ultimately the labor that goes into it, though there are some wrinkles in formulating this accurately, and the commodities and surrounding marketplace activity blind us to labor's role and its ethical import.
Get more at partiallyexaminedlife.com. Visit partiallyexaminedlife.com/support to get ad-free episodes and tons of bonus discussion.
Sponsor: You may also the Fallacious Trump podcast at fallacioustrump.com.
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On Capital (1867), Ch. 1, "The Commodity."
What makes something we buy or sell valuable? Marx says it's ultimately the labor that goes into it, though there are some wrinkles in formulating this accurately, and the commodities and surrounding marketplace activity blind us to labor's role and its ethical import.
Get more at partiallyexaminedlife.com. Visit partiallyexaminedlife.com/support to get ad-free episodes and tons of bonus discussion.
Sponsor: You may also the Fallacious Trump podcast at fallacioustrump.com.
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