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29min chapter
Episode 152 - Real Economy Hour (Ft. Victor Magariño)
The Deprogram
Understanding the Labor Theory of Value
This chapter explores the labor theory of value, its foundations, and its implications for capitalist societies. It contrasts this theory with subjective theories of value, delving into the complexities of production, exploitation, and market dynamics. The speaker emphasizes the empirical support for the labor theory, showcasing its relevance and robustness in explaining economic phenomena across various contexts.
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