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19min chapter
Colin Drumm on Misconceptions about Medieval Society and Modern Money
Varn Vlog
Exploring Marx's Theories on Labor, Value, and Capitalism
The chapter delves into Marx's perspectives on labor, value of goods, and the labor theory of value, discussing abstract labor, socially necessary labor time, and the critical distinctions between labor-embodied theory and labor-commanded theory. It also examines critiques of Marx's views on money, the role of the state, historical injustice, and potential inconsistencies within his theories. The conversation reflects on the complexities of Marx's ideas, his approach to normativity, and the challenges of teaching his theories despite personal reservations.
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