
Have marketers made Marx surplus to requirements?
Debunking Economics - the podcast
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Marx's Surplus Value and Modern Capitalism
This chapter explores Marx's theories on surplus value and their relevance to contemporary economic systems, emphasizing the interplay between producers and retailers in shaping prices. It examines the distinctions between use and exchange value, as well as the phenomenon of conspicuous consumption in relation to luxury goods. The conversation critiques traditional perspectives on Marxism while advocating for a nuanced understanding of value dynamics in capitalism.
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