surplus value

Marx, Capital, and the Madness of Economic Reason, Part 2

From the book: “…a potential tendency for capital in searching to maximise its monetary profit to be drawn to invest in areas that produce no value or surplus value at all. Taken to extremes, either of these tendencies [the first being the problem of technology reducing value creation] could be fatal to the reproduction of capital. In combination, and the contemporary evidence is that both trends are discernible, they could be catastrophic” (Marx, Capital, and the Madness of Economic Reason, David Harvey, Oxford University Press, p.105).

Marx, Capital, and the Madness of Economic Reason, Part 2

From the book: “…a potential tendency for capital in searching to maximise its monetary profit to be drawn to invest in areas that produce no value or surplus value at all. Taken to extremes, either of these tendencies [the first being the problem of technology reducing value creation] could be fatal to the reproduction of capital. In combination, and the contemporary evidence is that both trends are discernible, they could be catastrophic” (Marx, Capital, and the Madness of Economic Reason, David Harvey, Oxford University Press, p.105).

Highlights of Marx’s Capital, Volume 1

The course provides a basic grounding for participants to pursue further study on their own or collectively. We’ll refer to new resources such as on-line and visual aids and current articles that illustrate capitalism’s developmental tendencies, which Marx calls its laws of motion. This highlights class is for women only. Everyone who identifies as a woman is welcome.

Highlights of Marx’s Capital, Volume One

Many of us have less time to study it because, as Marx predicted, we have to work longer hours— and often more than one job—in order to survive. Fortunately, even a basic familiarity with the key concepts of the first Volume of Capital offers many tools for understanding capitalism’s dynamics.

Money and Totality

Correcting a longstanding misinterpretation, Moseley argues that there is no ‘transformation problem’ in Marx’s economic theory.

Highlights of Capital, Volume 1

CAPITAL is the indispensable sourcebook on Marx’s method for analyzing the economy, politics and struggles. Many of us have less time to study it because, as Marx predicted, we have to work longer hours— and often more than one job—in order to survive. Fortunately, even a basic familiarity with the key concepts of Volume I offers many tools for understanding capitalism’s dynamics.

Introduction to Marxism

In this course we will be concerned with some of the main ideas of Karl Marx and Frederick Engels, focusing on the materialist understanding of history, and the theory of surplus value.