Probabilistic Approaches to Political Economy and Labor with Machover, Farjoun & Zachariah

Rudy joins Emmanuel Farjoun, Moshé Machover and David Zachariah for a discussion on their two books Laws of Chaos: A Probabilistic Approach to Political Economy (EF&MM only) and How Labor Powers the Global Economy: A Labor Theory of Capitalism . We cover the origins of the project to develop a probabilistic approach to political economy and how it has developed, what are its basic assumptions, what sort of theory of value it proposes, why it treats labor preferentially and how it compares to other schools. We also discuss ways of extending the project to account for imperialism and other factors.

We mention in the podcast Moshé's lecture How Labour Powers the Global Economy which gives an introduction to the book.