
Sign up to save your podcasts
Or


Dr. Rasmus continues his analysis of three great economists (Keynes, Marx, Smith) in today’s first of 3 part series on ‘Marx’s Economics’. What are the origins of Marx’s economic thought? How it critiqued classical economics before him, while borrowing and adapting concepts from the classicals. What were the original contributions of Marx’s economics, conceptually and otherwise. Why Marx is about long run, supply side evolution of capitalist economy and the possibility of eventual breakdown of the system (and not about explaining recessions or depressions). Marx’s great innovations in quantifying the labor theory of value and explaining how and why capitalism evolves fundamentally by means of exploitation of labor. (Next week: contemporary examples why exploitation of labor is intensifying in both absolute and relative terms in the USA over at least the last 40 years. What Marx could not see in the evolution of capitalism in the 21st century).
By Progressive Radio Network4.8
2525 ratings
Dr. Rasmus continues his analysis of three great economists (Keynes, Marx, Smith) in today’s first of 3 part series on ‘Marx’s Economics’. What are the origins of Marx’s economic thought? How it critiqued classical economics before him, while borrowing and adapting concepts from the classicals. What were the original contributions of Marx’s economics, conceptually and otherwise. Why Marx is about long run, supply side evolution of capitalist economy and the possibility of eventual breakdown of the system (and not about explaining recessions or depressions). Marx’s great innovations in quantifying the labor theory of value and explaining how and why capitalism evolves fundamentally by means of exploitation of labor. (Next week: contemporary examples why exploitation of labor is intensifying in both absolute and relative terms in the USA over at least the last 40 years. What Marx could not see in the evolution of capitalism in the 21st century).

1,982 Listeners

918 Listeners

118 Listeners

1,196 Listeners

1,481 Listeners

601 Listeners

252 Listeners

16,989 Listeners

149 Listeners

887 Listeners

1,180 Listeners

301 Listeners

39 Listeners

333 Listeners

64 Listeners