EconoSpeak
Monday, August 30, 2021

Are Former Professors As National Leaders More Prone To Black Swan Events That Overthrow Their Governments?

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 Probably not, but recent events in Afghanistan suggest an example.  This would be the sudden departure just over two weeks ago on Aug. 15 f...
7 comments:
Tuesday, August 24, 2021

Socially Ambivalent Labour Time XV: "Chapter Six" from the draft manuscripts of Capital

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The draft "Chapter Six" was preceded by an earlier version of the analysis of formal and real subsumption of labour under capital....
Monday, August 23, 2021

Socially Ambivalent Labour Time XIV: Capital volume III, chapters 38 and 49

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I thought this was going to be the final installment of my review of Marx's writing on socially necessary labour time but then I discove...
Sunday, August 22, 2021

“Do Your Research”

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Is it my imagination, or do vax- and mask-hesitant people, reported in news stories about the Covid Divide, almost always say they “have don...
2 comments:
Saturday, August 21, 2021

Socially Ambivalent Labour Time XIII: Capital volume III, chapter 15

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Chapter 15 of volume III, "Exposition of the Internal Contradictions of the Law [of the tendency of the rate of profit to fall] is icon...
Friday, August 20, 2021

Socially Ambivalent Labour Time XII: Capital volume III, chapters 5 & 10

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In chapter five of volume III, Engels made a blunder by referring to socially necessary labour time as necessary labour time. Presumably, th...

Socially Ambivalent Labour Time XI, Capital, volume II

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Aside from a comment on the "labour socially necessary" in Engels's preface, there is no other mention of socially necessary l...
Tuesday, August 17, 2021

Updated list of all my socially ambivalent labour time posts

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  The list
Monday, August 16, 2021

Three "Fragment[s] on Machines": überflüssig ist notwendig

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An excerpt of a passage from the Grundrisse , in the notorious "fragment on machines," has become iconic in contemporary Marx stud...
Sunday, August 15, 2021

A Half Century Since The Beginning Of The End Of The Post WW II Economic Order

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 It was also on a Sunday, with financial markets closed, that August 15, 1971, when US President Richard Nixon gave a surprise address to th...
3 comments:

Socially Ambivalent Labour Time X (part two): The palimpsest of Capital

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The law of supply and demand for labour power is perverse in that the more fertile labour power's use value as a source of surplus value...
Saturday, August 14, 2021

Socially Ambivalent Labour Time X (part one): Chapters 15 and 25 Capital, volume one.

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I started this series with the intention of comparing Dilke's " plain leveling principle " consumption-based conception of soc...

Biden Follows Trump On Foreign Policy

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 We are now looking at a humanitarian disaster in Afghanistan.  It looks like the Taliban will probably take control of Kabul and thus Afgha...
5 comments:
Wednesday, August 11, 2021

Disposable forces, disposable class

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Thomas Chalmers undoubtedly cribbed his " disposable population " from Turgot's classe disponible . Turgot's meaning seems...
Tuesday, August 10, 2021

Politics and the Pandemic: Why I Think Paul Krugman Is Wrong

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 Krugman has a piece in the New York Times today that offers an explanation for why Republicans oppose every measure—vaccination, masking, ...
2 comments:
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