Professional Documents
Culture Documents
Overview
Theory of History
A never-ending chain
of ideas of thesis,
antithesis and
synthesis with the
latter representing a
higher form of truth
Basis of Marxs
dialectical materialism
that revolutionized the
social sciences
2. French Utopian Thought
3. Classical Political
Economy
Forces of
Production
Technology
manifested in
I.
Labour Skills
II.
Scientific Knowledge
III.
Tools
IV.
(Real) capital
Inherently dynamic
Relations of
Production
Social
Superstructure
Foundations of
Marxs Economic
Theories
The fundamental
determinant of the
relations of production
are the forces of
production established in
the early years of
capitalism
Methodology
Marxs Theory of
Value
Marxs Labour
Theory of Value
Overhead pp. 198
Problems
1.
2.
3.
Concept of Surplus
Value
Modern economies
produce more goods
and services needed to
pay for the real social
costs of production
I.
II.
Labour costs
Capital costs
(depreciation of CCA in
labour time equivalents)
Difference between a
goods price and its
(total) labour costs is
surplus value
Similar to the
Physiocrats of net
product
Marxs Analysis of
19th Century
Capitalism
2.
Other Topics
1.
2.
3.
4.
5 Disproportionality of
Crisis
Difficulty in coordinating
the output of
interdependent sectors