Why human labour, and human labour alone, is the cause of profit.
Tag: marx
Do machines create value? (CU 2021 talk)
Answer: no. But in this talk I explain precisely why not.
The Genesis of the Transformation Problem (in Cosmonaut magazine)
Read this article if you want to understand the transformation problem, without needing to wade through mathematics or numerical examples.
The beginning of the transformation problem (audio)
Audio of a talk on the origins of Marx’s transformation problem.
Marx’s irrational irrational commodity (audio of talk)
On an element of irrationality in Marx’s thought.
Marx’s irrational irrational commodity
On an element of irrationality in Marx’s thought.
ONTOCAST interview on the Theory of the General Law of Value
The ONTOCAST podcast interviewed me about the general law of value.
Why machines don’t create value (audio of talk)
Machines do work. But they don’t create value.
Audio of “What is abstract labour, and who does the abstracting?”
On the entity that represents abstract labour.
What is abstract labour, and who does the abstracting?
On the entity that represents abstract labour.
Audio of a “Prolegomena to a Demonology of Capitalism”
On the gnostic content of Marxism.
Audio of talk “What is the meaning of money?”
On the missing theory of objective semantics in accounts of money.
The solution to Marx’s transformation problem
Equilibrium prices, even in a capitalist economy with positive profits, represent the labour time actually supplied by workers.
The political economy of neural networks
Some thoughts on advancements in Artificial Intelligence.
Karl Marx’s invisible hand
Marxβs invisible hand is the law of value: it explains how a market economy coordinates the division of labour, and therefore why the prices of commodities bear a lawful relationship to the labour time required to produce them.
