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Class 01 - Introduction

Reading Marx's Capital (audio)

00:00

What Is Socially Necessary Labour Time?

In many ways, as we will see, Mark's conception of a pure capitalist mode of production is guided by the vision of classical political economy. For me anyway, the category socially necessary is something which is perpetually open. It's constantly changing. What is socially necessary now, as opposed to what was socially necessary in 1850? Very different.

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