Chapter
The Relationship Between Exchange Value and Use Value Explained
1:06:46 - 1:14:59 (08:12)
A discussion on the concept of incommensurability between exchange value and use value and how it relates to the unity of the commodity, as explained through the lens of Hegel.
Clips
The podcast discusses Karl Marx's discovery of use value and exchange value, and how he focused on labor being the only thing that can generate both.
1:06:46 - 1:10:17 (03:30)
Summary
The podcast discusses Karl Marx's discovery of use value and exchange value, and how he focused on labor being the only thing that can generate both.
ChapterThe Relationship Between Exchange Value and Use Value Explained
Episode#303 – Steve Keen: Marxism, Capitalism, and Economics
PodcastLex Fridman Podcast
This podcast discusses the concept of incommensurability between exchange value and use value, where the use value is significantly greater than its exchange value.
1:10:17 - 1:12:20 (02:02)
Summary
This podcast discusses the concept of incommensurability between exchange value and use value, where the use value is significantly greater than its exchange value. It explores the idea that no matter how useful a machine is, it cannot add more to production than its exchange value.
ChapterThe Relationship Between Exchange Value and Use Value Explained
Episode#303 – Steve Keen: Marxism, Capitalism, and Economics
PodcastLex Fridman Podcast
This episode discusses the contradiction in Marx's theory on use value and exchange value when applied in production.
1:12:21 - 1:13:23 (01:02)
Summary
This episode discusses the contradiction in Marx's theory on use value and exchange value when applied in production. While use value and exchange value are incommensurate, Marx argued that they are identical in the production of commodities.
ChapterThe Relationship Between Exchange Value and Use Value Explained
Episode#303 – Steve Keen: Marxism, Capitalism, and Economics
PodcastLex Fridman Podcast
In this podcast, the speaker discusses the reinterpretation of Marx's work in the context of energy and how there is no fundamental difference between labor and machinery as they are both means to harness energy and produce useful work, making them the same logic and a source of surplus.
1:13:24 - 1:14:59 (01:35)
Summary
In this podcast, the speaker discusses the reinterpretation of Marx's work in the context of energy and how there is no fundamental difference between labor and machinery as they are both means to harness energy and produce useful work, making them the same logic and a source of surplus.