A short talk on Marx’s transformation problem, and its solution, given at HM 2024.| 𝗗𝗔𝗥𝗞 𝗠𝗔𝗥𝗫𝗜𝗦𝗠
The ONTOCAST podcast interviewed me about the general law of value.| 𝗗𝗔𝗥𝗞 𝗠𝗔𝗥𝗫𝗜𝗦𝗠
The ONTOCAST podcast interviewed me about the general law of value.| 𝗗𝗔𝗥𝗞 𝗠𝗔𝗥𝗫𝗜𝗦𝗠
Equilibrium prices, even in a capitalist economy with positive profits, represent the labour time actually supplied by workers.| 𝗗𝗔𝗥𝗞 𝗠𝗔𝗥𝗫𝗜𝗦𝗠
On what is wrong with the classical labour theory of value, including Marx's version of it, and how to fix it.| 𝗗𝗔𝗥𝗞 𝗠𝗔𝗥𝗫𝗜𝗦𝗠
Marx’s invisible hand is the law of value: it explains how a market economy coordinates the division of labour, and therefore why the prices of commodities bear a lawful relationship to the labour time required to produce them.| 𝗗𝗔𝗥𝗞 𝗠𝗔𝗥𝗫𝗜𝗦𝗠