amimetobios

Imagining Money VIII Thursday January 31 -- Mostly Marx


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A class where we end up going into the labor theory of value -- average abstract labor time being what produces equilibria among different commodities.  We were going to talk about Kawabata, and about interest, but that's TK.  We did talk about Aristotle -- and therefore a bit about Adam Smith -- on the functions of actual money: medium of exchange, bookkeeping measure, store of value, and also a bit on how these can be confused with each other.

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amimetobiosBy Amimetobios

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