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#303 – Steve Keen: Marxism, Capitalism, and Economics

Lex Fridman Podcast

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Marx and the Evolution of Economic Thought

This chapter examines the complex interplay of money and economic theory through the lens of Karl Marx, highlighting his dialectical approach to understanding change. It narrates a student's transformative experience at Sydney University during a strike that shifted the focus of economic studies, fostering a deep engagement with alternative theories. The discussion contrasts classical and neoclassical views of utility and labor value, unpacking Marx's critiques and their implications for modern capitalism.

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