The Labor Theory of Value | Marxist Economics
Channel: Center for Popular Economics
Date: 2021-04-17

#Marxism #EconomicsExplained #Breadtube
Center for Popular Economics (CPE) 

Summary:
Marx's Labor Theory of Value argues that all new value in capitalist society is produced squarely in the hands of the working class. This set the foundation for Marx to argue that capitalism systematically facilitates exploitation of the working class. 

Chapters (Timestamps):
1) Introduction 00:00-00:46
2) Use Value And Exchange Value 00:46-05:13
3) Labor is the Source of All Value 05:13-07:15
4) Concrete Labor and Abstract Labor 07:15-15:17
5) Living Labor and Dead Labor 15:17-18:40
6) Conclusion 18:40-20:48

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Intro Song: Warrior (Drake x Offset x Migos Type Beat), Grizzly Beats