5min chapter

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

Lex Fridman Podcast

CHAPTER

Marxism and the Marxist Theory of Value

When he first started, Karl Marx had what you can call an exclusivist explanation for why labor created value. Mark suddenly his writing style in the middle of a book called the Gondreso completely changed. He switched from Ricardo to Hegel. And that's where this use value exchange value attention thing came from.

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