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Class 05 - Chapters 7-9

Reading Marx's Capital (audio)

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Exploring Marx's Theory of Value Transfer and Labor's Role in Production

The chapter delves into Marx's explanation of value transfer, constant capital, variable capital, and surplus value production. It examines how labor adds value to the means of production and highlights the complexities of the labor process. The discussion challenges traditional notions of value creation, exploitation, and profit maximization in capitalist systems.

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