The social architecture of capitalism: audio of the talk

In the last post I discussed a dynamic macroeconomic model that replicates many of the empirical distributions found in real economies, and also demonstrates that the ultimate drivers of economic inequality are markets, the wage system and exploitation. Much of the recent (last 10 years) mainstream discussion of inequality (conveniently?) avoids any mention of exploitation. In fact, most people aren’t sure what exploitation actually is.

Below I’ve uploaded the audio of the accompanying talk, which I presented at the Oxford Communist Corresponding Society (highly recommended if you’re left leaning and want to explore and discuss nonstandard topics). The first 30 minutes are the blog post, and the last 15 minutes I respond to some of the points raised in the discussion (not recorded).

Audio of talk on “social architecture of capitalism”


1 Comment

  1. Do you have critique of alienation? Alienation is as central to Marx’s work as is his theory of exploitation.

    By the way, I’ve noticed that you seem to share the mainstream’s obsession with exchange.

    To remedy that I suggest taking a look at Thomas Widlok’s book “Anthropology and the Economy of Sharing”:

    For the evolution of exchange since capitalism started, read:

    “Gifts and Commodities” by Chris A. Gregory:

    You seem to be fan of Steve Keen’s book on debunking mainstream econ.

    I think you should add to that Harvard Prof. Stephen Marglin’s book “The Dismal Science: How Thinking Like an Economist Undermines Community”.

    Marglin’s book helped shed a lot of the neoclassical assumptions.


    From reading some of your tweets, I’m pretty you have a mistaken view of Marx’s theory of money.

    The only book that I think gives an honest (albeit critical) view of Marx’s theory of money is Anitra Nelson’s “Marx’s Concept of Money”. (It’s a very easy read too).


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