Chapter
Marx's Insights on Use Value and Exchange Value
1:03:44 - 1:06:45 (03:00)
The speaker discusses how Marx's insights on the use value and exchange value argument can be applied to machines and how he discovered it while reading Marx for his master's degree.
Clips
In this episode, David Harvey discusses the concept of the hydraulic metaphor and how it relates to Marx's understanding of capitalism.
1:03:44 - 1:04:24 (00:40)
Summary
In this episode, David Harvey discusses the concept of the hydraulic metaphor and how it relates to Marx's understanding of capitalism. He also explores Marx's concept of use value and exchange value, applying it to machine production and how it can be a source of profit, despite a gap existing between the two.
ChapterMarx's Insights on Use Value and Exchange Value
Episode#303 – Steve Keen: Marxism, Capitalism, and Economics
PodcastLex Fridman Podcast
The speaker recounts his experience of attempting to write for a new Keynesian audience and failing, then turning to reading Marx's works in chronological order and realizing the half he did with a focus on Keynesian economics was not helpful compared to solely focusing on Marx's works.
1:04:24 - 1:06:00 (01:35)
Summary
The speaker recounts his experience of attempting to write for a new Keynesian audience and failing, then turning to reading Marx's works in chronological order and realizing the half he did with a focus on Keynesian economics was not helpful compared to solely focusing on Marx's works.
ChapterMarx's Insights on Use Value and Exchange Value
Episode#303 – Steve Keen: Marxism, Capitalism, and Economics
PodcastLex Fridman Podcast
The podcast discusses Marx's personality, including his feistiness and intellectual arrogance, as well as his early published works in poetry.
1:06:00 - 1:06:45 (00:45)
Summary
The podcast discusses Marx's personality, including his feistiness and intellectual arrogance, as well as his early published works in poetry.