The Labor Theory of Value (Intro to Marxism Part 2)

[@tomtom-uy3ov]

im majoring in mathematics right now and i am also taking a module in economics housed under the mathematics department... i became very aware of how quickly they glossed over the "axioms" of neoliberal economic theory to delve straight into the mathematics behind it, while in every other mathematical course we actually subject those axioms to analysis and inspection. so taking a mathematical view to marxist economics is so refreshing... a welcome antidote to the cognitive dissonance i get from using multivariable calculus to try to prove poor people shouldnt eat 😐tldr this is freaking epic

[@JimmyMcG33]

Great series so far, I'm just finishing up volume 1 of Capital and this is a very helpful (and entertaining) review. Also Ian Wright is the GOAT.

[@s.a.l.1974]

I just realized how odd comparing the price of a birthday clown and shotgun ammo is

[@critiasdetested4749]

understood nothing about this video but your voice is great and i too am strongly invested in BLT sandwiches

[@jellyunicorn8347]

guy really talked about BLT for nearly 49 minutes

[@TexTalksSometimes]

A lot of misconceptions about them tbh

[@wwahyyy2035]

at around 24:45 , i got lost. since all labor is a usage of time. why linking time and combined time value of " lambda" and tie to " p "???? do dollars exist in this overall calculation equations? the " alpha" constant was confusing to me. do you have another video that discuss these few minutes in further detail?

[@TexTalksSometimes]

I'm not sure I understand your question about lambda. I can measure distance in terms of feet, or miles. One mile is 5280 feet. So if I'm given a number of miles, and I want to know how many feet that is, I multiply by 5280. Alpha is basically this number, except instead of taking you from miles to feet, it takes you from dollars to hours. Both are measures of time, alpha is the conversion factor.