7

2:00 Keynesians say you cannot guess or know the unknowable about YOUR own money ALSO Keynesian... central bankers can guess and know the unknowable about someone ELSE's money

At about 3 minutes in beginning to describe 2nd way, relative surplus value.... A "rewrite" of SV / V is most definitely not, SV = (SV/V ) * V. Those two are NOT equal, which is exactly what "rewrite" implies. (* designating the multiplication symbol, so as not to confuse with the letter x). SV is equal to (SV/V) * V. NOT, to SV / V It's critically important to be precise when it comes to describing mathematical formulas and what you are doing with them. What he really means, is: SV = SV >> where SV is surplus value. Which he also sometimes writes as S (inconsistently) SV= (SV / V)* V. The purpose of this is simply to get SV / V to show up on the right side of the equality, which is the formula for the rate of exploitation. All he did was multiply and divide the right side of the equality with the same variable (V), which does not change the equality. So you have: Surplus value (SV) = rate of exploitation (SV/V) * (wages per hour * number of laborers * hours worked) SV = S / V * ( v * l * h) >> (it's at this part of the formula writing that he uses "S" instead of "SV" on the right hand side of the equal sign, even though he means the exact same thing, which is surplus value. I love this class, and I'm sure it's difficult to teach without an audience, but, being sloppy with equations and how you're explaining what you're doing with math only serves to unnecessarily muddy things. Maybe someone else here someday will appreciate what I'm saying. Haha. I

We need to just share these to our friends. All my friends are Republicans and they just don't get what's going on. I beleive most people at their hearts are decent. Everyone can understand what chomskys saying, they just need an oppurtunity.

EL WEY SE QUIERE PELAR. VA HABER MUCHOS VESTIDOS IGUAL. AGUAS

FUE BOROLAS. GGL SOLO UN PELELE

Miller Lisa Hernandez Maria Perez Brenda

Anderson Betty Anderson Jeffrey Martinez James

THIS. IS. NOT. ECONOMICS.

This is all garbage. Not once has the actor in an exchange been mentioned. Economics is not fractions on a white board. It is human action to use means to achieve subjective, individual ends by commanding the elements of nature, which are scarce.

Hernandez Daniel Harris Elizabeth Martinez Frank

Rodriguez Richard Thomas Mark Lee Susan

Hall Matthew Young Barbara Martin Kenneth

Thank you

4.00

Johnson Nancy Lopez Anthony Rodriguez Shirley

Noam is a natural treasure. ❤

5.00

11:00

This video is a whole lot about nothing. No analysis at all.

11:00

This is a great multi-part lecture, I regret I only just found it

Noam just wants to get back to Pedo island. 😂

Let him sit >_<

This is ridiculous. Value is subjective.

Dr.William A Darity Is an Amazing Human Being. Highly Intellectual . Black Excellence at its Finest 👨🏽‍🎓🏆🇺🇸

Fantastic, You are an inspiration Noam.

All production decisions are made before consumption. How can demand ever come before production ?

Chomsky lost all credibilty during covid

UMassEconomics, I really liked this video! I subscribed too!

As a counterpoint, Poland was also subjected to the shock therapy in 1990 (our prime minister was directly advised by Jeffrey Sachs, the author of the concept of shock therapy), and has more or less stuck to neoliberal policies after that. Now, in 2024, the people's standard of living is incomparably higher vs year 1990. The policies have basically worked really well for us.

very interesting, appreciate it matey

Pride of Bengal Pride of India

It's my party, I get to pick the film

57:00 perhaps Hitler was simply after himself. I mean, if you TRY to read mein kampf you will quickly come to the realization the guy just blathered bullshit all day long...just. like. Trump.

RIP. What a modest person he was...

start at 7:00 to skip the intro

Neolibralism has infected the US political system on both sides (The Democratic and Republican party) The only difference is the Democratic party advocates increased government spending when it suits their needs. Neolibralism Definition: 1. a political approach that favors free-market capitalism, deregulation, and reduction in government spending. 2. Neoliberalism is contemporarily used to refer to market-oriented reform policies such as "eliminating price controls, deregulating capital markets, lowering trade barriers" and reducing, especially through privatization and austerity, state influence in the economy. Any objective logical individual can see both parties largely fit these definitions and neither has ever stopped the Neolibralism agenda except for when the bill/policy directly goes against their own interests which is the exception to the norm of solidifying Neolibralist subservience and measures!

what is 3000?

Given that to realize surplus value, the system needs an influx of money (exports, credit), doesn't that mean that commodities can actually be sold above their price of production, and therefore the fundamental tenant of exchange of equivalents drops, falsifying the theory of of labor value? This of course would invalidate also the theory of surplus value. Take into account that fractional banking is constantly creating money from air, creating the possibility of inflated prices. I've always believed that the key to the functioning of the capitalist system is credit, debt. Ultimately, it would be public debt the savior. Notice how the financial system had been developed in Italy mainly well before industrial capitalism arose.

2024

Dr.Darity we need your blueprint plan in Kansas City Missouri Right (NOW) this is the precedent for the Nation

AbdulBarik

Un noir asiatique 😂

Good and understandable Presention

1:09:01 "Differences in wealth are not simply differences in the size of your house and so on. Differences in wealth are differences in the kinds of freedoms that you have. So a society dedicated to a notion of equal freedom has to take wealth inequality very seriously." 59:02 "Countries that are highly unequal devote a significant fraction of their labor force to what Arjun Jayadev from UMass and I call 'guard labor' - that is, the labor which is dedicated to essentially maintaining order. The United States devotes much more of our labor to that than do the more equal European societies. It's a waste." 1:12:15 "Inequality is actually vulnerable. *Even in America*, inequality is vulnerable when it gets to a very high level. Because there's just too many people who benefit even from poorly designed policies of redistribution - much less well-designed ones."

"The economy is doing fine, but the people aren't." The issue is - "those people not doing fine" are most probably LACKING in skills/ discipline/ work attitude/ proper social behaviour PLUS OTHER CHARACTER QUALITIES NEEDED TO BE SUCCESSFUL IN LIFE. WIth your quasi-philosophical-but-MOSTLY-POPULIST-blabbering, YOU JUSTIFY THE "LAZY VICTIM MINDSET" a.k.a. THE PROBLEM IS NEVER WITHIN THE PERSON'S BEHAVIOR - IT IS ALWAYS WITHIN "MALICIOUS SOCIETY". Chomsky, you would be more useful, if you ask people thinking- and drawing consequences OF BEING ACTUALLY ACCOUNTABLE for own actions. Because Chomsky - and we need to be real here - not everybody has the skills to build his career around fooling people with "progressive philosophy", and at the same time allowing him to survive as HIPOCRAT-CAREER-PARAS!TE. 🤣🤣

Neo libralism is more of something that happened rather than a political philosophy

"you discover yourself through participation in social action and conflict" v interesting idea!