Why human labour, and human labour alone, is the cause of profit.
Tag: theory
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.
Audio of “What is abstract labour, and who does the abstracting?”
On the entity that represents abstract labour.
Audio of talk “What is the meaning of money?”
On the missing theory of objective semantics in accounts of money.
What is the meaning of money?
On the missing theory of objective semantics in accounts of money.
Notes on a Hegelian interpretation of Riemann’s Zeta function
Riemann’s Zeta function is an infinite sublation of Hegelian integers.
Hegelian contradiction and the prime numbers (Part 1)
What is Hegel’s logic? How does it relate to the fundamental structure of reality?
Notes on a mathematical interpretation of the opening of Hegel’s Science of Logic
A mathematical interpretation of the opening of Hegel’s Science of Logic.
Materialism and Cantor’s higher infinities (transcript of talk)
Are Cantor’s higher infinities really real?
Venture Capitalism versus Venture Communism
Venture Communism is a type of revolutionary organisation that aims to exit capitalism by immediately constructing communal production relations.
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.
Silicon Valley startups: being evil again and again
Why no startup can truly make the world a better place.
A category mistake in the classical labour theory of value
On what is wrong with the classical labour theory of value, including Marx’s version of it, and how to fix it.
Luigi Pasinetti and the labour theory of value
On Luigi Pasinetti’s contributions to the theory of value.
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.
Just what is a labour value anyway?
Value as a field property of the social conditions of production.
The real meaning of Piero Sraffa’s standard commodity
Sraffa’s standard commodity and the general law of value.
Why the labour theory of value is true
A nonlinear dynamic system model of the general law of value.
Coexisting labour: the substance of Marx’s labour values
On the key concept of coexisting labour.
A theoretical solution to the coordination problem
On deploying society’s resources to meet final demand.
Self-replacing subsystems
On material reproduction over time.
Vertical integration and the problem of coordination
On the key concept of vertical integration.
The total working day
On the ultimate material constraint.
Materialism and Cantor’s higher infinities
Are Cantor’s higher infinities really real?
A coordination problem
All types of economy face the problem of coordinating activities to meet final demand.
Surplus: the material foundation of human culture
Surplus: the material foundation for human culture
A production process
A production process is where labour transforms inputs into outputs.
How to make things
Simple beginnings: how to make an output from inputs.
