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The Fundamentals of Marxism: Intro to Political Economy
🕑 Added 2021-02-01 19:23:49 +0000 UTCIn this episode, Alyson and Breht introduce the core concepts of Marxist political economy by an analysis of the history of political economy, core economic concepts in Marxism, and much more!
Outline for this episode with timestamps
Political Economy:
- [5:00] Definition: Political economy as the study of economics as played out in reality. Economics in relation to society, production, culture, politics, etc.
- [12:28] History: Adam Smithβs development of economics in the wealth of nations, alongside Millβs principles of political economy.
- [20:05] So what does Marxism have to do with political economy?
- [33:31] Critique of capitalist economics today
The Details and Concepts
1) [35:30] the Means of Production and Productive Forces
2) [43:20] Class as a relation to Production
3) [47:00] Value, Use, and Exchange
4) [58:05] Surplus Value and Wages
5) [61:09] Money, Capital, and the M-C-M Cycle
6) [68:35] Commodity Fetishism Closing Questions:
Questions:
- [74:43] Why does this matter? If Marxism is about revolution, what's the deal with all this abstract economic analysis?
- [78:13] Marxian economics vs Marxism: what's the difference, is there an issue with the former?
Comments
Comrade Dodo
Great episode as always π Thanks a lot β€οΈ Looking forward to Anurandha Ghandy's book, I really loved it and I wanna listen to your takes on it π
Nathan Hoover
Thank you for these intro episodes. Theyβre helpful to me in trying to explain these concepts to my girlfriend. She has ADHD so she has a horrible time trying to read or listen to podcasts so I help her learn these concepts and these episodes are handy
