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Richard Wolff: Why Marx? Why Now?

Homebrewed Christianity

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From Feudalism to Capitalism: The Labor Conundrum

This chapter explores the shift from feudalism to capitalism, highlighting the complexities of market dynamics and the confusion around value. It examines the foundational ideas of economic value and labor through the insights of economists like Adam Smith and Karl Marx, critiquing the unequal distribution of income and surplus value. The discussion emphasizes the importance of understanding production relationships over mere market transactions to grasp the true essence of labor within a capitalist framework.

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