2min chapter

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

Lex Fridman Podcast

CHAPTER

The First Law of Thermodynamics

There could be no production system without free energy, which is the first law of thermodynamics that exists. So there's human life. Can we integrate into that the value of life? I think if you take that structure that I talked about of Marx's use value, exchange value, dialectic, that only works because we're exploiting the free energy we find in the universe.

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