Explaining Marx's Capital Volume 1: Chapter 1, The Commodity

This episode is an overview of the first chapter of Karl Marx's Capital Volume 1. This is mean both as something to listen to before reading it yourself, or for those who simply want a short summary of it in audio form. The premium goes more in depth in Commodity Fetishism as well as the four developments of the value form https://www.patreon.com/posts/50528956/

Timestamps:

00:00 – Intro

2:30 – Use Value and Exchange Value

5:59 – Labour and Value

14:35 – Marx’s Law of Value and Supply and Demand

16:45 – The Division of Labour and the Commodity

20:03 – The Coat and the 20 Yards of Linen

20:50 – Commodity Fetishism

29:48 – The abolition of Labour

32:29 – Outro

Reading guides/secondary literature/sourced material:

http://la.utexas.edu/users/hcleaver/357k/357ksg01.html

Sweezy, The Theory of Capitalist Development

Stephen Shapiro, Marx's Capital

Arthur L Thomas, The Allocation Problem in Financial Accounting Theory

All of my links at: livagar.com