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Class 03 - Chapter 3

Reading Marx's Capital (audio)

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Evolution of Money and Economic Relationships

The chapter delves into the transformation of economic relationships, emphasizing the shift from commodity exchange to the central role of money as a means of payment. Marx's analysis explores the motivations behind individuals' interactions with money, from satisfying needs to accumulating wealth and fulfilling obligations. The narrative also highlights the historical significance of currency debasement and the evolution of the global monetary system, reflecting on the implications of credit money and the transition to a complex, universal money system.

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