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Real Econ
Добавлен 18 авг 2018
To learn more about the book, Capitalism: Competition, Conflict, Crises, please visit realecon.org
Lecture 14: Profitability, Growth, and Recurrent Economic Crises
Lecture 14: Profitability, Growth, and Recurrent Economic Crises
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Видео
Lecture 13: Competition on a Global Scale: Uneven Trade and Development
Просмотров 2,5 тыс.6 лет назад
Lecture 13: Competition on a Global Scale: Uneven Trade and Development
Lecture 12: The Theory of Competition
Просмотров 3 тыс.6 лет назад
Lecture 12: The Theory of Competition
Lecture 11: The Theory of Persistent Unemployment- The Reserve Army of Labor
Просмотров 3,6 тыс.6 лет назад
Lecture 11: The Theory of Persistent Unemployment- The Reserve Army of Labor
Lecture 10: The Theory of Profit, Exploitation, Surplus Value, and Transfers of Value
Просмотров 4,2 тыс.6 лет назад
Lecture 10: The Theory of Profit, Exploitation, Surplus Value, and Transfers of Value
Lecture 9: The Labor Process and the Theory of Technical Change
Просмотров 3,5 тыс.6 лет назад
Lecture 9: The Labor Process and the Theory of Technical Change
Lecture 7: Value, Use-value, and Price
Просмотров 4,4 тыс.6 лет назад
Lecture 7: Value, Use-value, and Price
Lecture 6: The Structure of Marx's Economic Thought
Просмотров 7 тыс.6 лет назад
Lecture 6: The Structure of Marx's Economic Thought
Lecture 5: Ricardo on Growth, Trade, and Technology
Просмотров 3 тыс.6 лет назад
Lecture 5: Ricardo on Growth, Trade, and Technology
Lecture 3: Ricardo on Value and Distribution
Просмотров 11 тыс.6 лет назад
Lecture 3: Ricardo on Value and Distribution
Lecture 4: Ricardo on Value and Distribution, Part 2
Просмотров 4,7 тыс.6 лет назад
Lecture 4: Ricardo on Value and Distribution, Part 2
Lecture 2: Adam Smith and the Origins of Classical Economics
Просмотров 11 тыс.6 лет назад
Lecture 2: Adam Smith and the Origins of Classical Economics
Lecture 1: Introduction to Economic Theories of Capitalism
Просмотров 25 тыс.6 лет назад
Lecture 1: Introduction to Economic Theories of Capitalism
14:50 how absolutely disingenuous to say “we only have one volume of “Capital” and some other publications here and there…” “Capital” itself is as much content as Smith’s “The Wealth of Nations” and “The Theory of Moral Sentiments”. Ie add to this “the poverty of philosophy” “the German Ideology” “The 18th Brumaire” and then a document that set the frame for entire revolutionary movements “The Communist Manifesto”. Enjoying this course but how asinine, self-interested to set up his “3rd Way” and emblematic of the whole critique of “bourgeois economists”
Thanks for posting. RUclips and AI are educating me.
why is the marxist part of money gone in the end?
Mr. Anwar Shaikh is misleading the the whole class, (30:00) in the sense that why the labor was not the part of determining and deciding, on so called "civilized society" 's distribution of surplus value on "the fair and just basis", in order to maintain "equality" - for the same the standard of living of labor and producer? This is the origin of exploitation and inequality in a capitalist society. That is the first point need to be clarified and instilled in, any and all, students of Economics and Political Economy. How does one knows whether the other person is fair, just and honest, in any transaction? For example, if there is a round cake and that must be equally distributed, how this is to be accomplished? The "fair and just" way is to have a condition that state: If one cut/divide the cake first, then the other will pick up first the portion s/he chooses. This will resolve the problem in the sense that the dishonest party will suffer, in the sense that creating inequality in the first place to begin with, he lost the bigger piece of the cake. This is the duty and responsibility of a TRUE TEACHER.
Thanks
Thanks
Kalecki not Colettes Key😁
thank you for this sharing; it's highly important!! wish that you'll do it more and more
Why did you remove the explanation of marx theory of money why?😢
People like Marx who did do much, and studied so much, a wrote so much, reminds me once again that cocaine was completely legal back then. Makes me think of a letter from Benjamin Franklin apologizing for missing a meeting of congress because he "took a cheerful amount of opium and slept in".
What?!?
Another question here is what is the labor of the bandits in Seven Samurai? Is that productive or nonproductive from their point of view? 😊
Great video!
people do implicit, intuitive, heureistic optimization not only explicit optimization. some of cost-benefit analyses is inherent/genetic; it is evolutionary according to biology.
He should have finished the book.
well he died sooo in the process soo....
1:33:37
1:15:00
thanks for the video lecture
does anyone have the link to the letter he is referring to?
very unique lectures.
I'm almost certain one of the students who responds to professor Sheikh's questions is Isabella Weber. If you can confirm, I'd appreciate it. Her book on China's economy was fantastic!
1:06:35 "...very profound stuff that is not yet incorporated into any theory of effective demand. It's sitting there."
And I want the animated version of his blackboard magnets.
The chalk smudge on the right looks kinda like Marx if you squint your eyes
Can anyone tell me professor's name
Anwar Shaikh
37:50 Kalecki. Monopoly capital. Monopolists just choose what profit they want and set price to get the profit
31:00 Hitler in one year moved massive unemployment to full imployment throuhg rearmament
23:00 Keynes on unemployment
14:25 Friedman assumes that capitalism needs all the time pool of unemployed. Reserve army of labour in Marx's term
53:00 Rate of surplus value
36:30 People confuse absolute price with relative price
9:45 How is this different from utility theory?
I think he explains it. Mainly, utility is subjective, unquantifiable, and impossible to prove. As opposed to social, etc
9:00 Magnitude of value. Socially necessary abstracted labour time
1:37:25 Utility function nonsense
1:30:00 Fiat money
1:18:05 Labour value does not regulate price!
100% it does on a commodity production economy. It’s the gravitational central point of price variances/imbalances namely, demand and exchange. Labour cost=value=central point of prices=abstract value and universal across the whole economy. And competition between commodity producers makes that fact about price even more crude.
@@charli212 No it does not. It was like that for a very short time in Marx's times. Not anymore as capitalism now is in the stage of imperialism. Read Lenin "Imperialism, the Highest Stage of Capitalism". Lenin proved that competition leads to imperialism = monoply capitalism. Prices are set by oligopolis/monopolies. Also Marx in Capital pointed out that competition leads directly to monopoly.
@@Diamat1917 I don’t agree with Lenin thesis because it was heavily based on the Russian case and cannot be extrapolated to all cases. And monopolies due to concentration and centralisation are a feature of capitalism, but prices are rooted in the labour process and not in the boardrooms.
@@charli212 Lenin was 100% right and history proved it. The highest state of capitalism = imperialism is a global system of interconnected and mutually interdependent institutions: private monopolies and companies, financial institutions, states and international bodies, various political organisations and networks, which secure the interests of the big capital and bourgeoisie. Lenin defined imperialism through accumulation of capital and power. In the last century this process was deepened with even higher degree of concentration of wealth and resources in the hand of even smaller minority. This wealth and resources are concentrated in so-called West, with US, EU, Japan and Canada accounting for more than half of world’s economy and 168 poorest countries accounting for merely 16%. 90 out of the world’s 100 biggest companies are based in and owned by the West and its allies, with only a handful of enterprises and banks from China, India and Russia and none from the rest of Asia, Africa and Latin America, which constitute vast majority of world population. US, Germany, Japan and UK are also leading countries in export of capital in form of the Foreign Direct Investments. This data leaves no doubt that the core of the imperialist system is now even more centred on in US / EU / Japan axis and their allies. In XXI century we can add another type of monopoly - technological dominance. Western imperialism has maintained its monopoly position in the high-tech sector of world industry, including navigation satellite systems, cybersecurity and semiconductors. This unprecedented monopoly power over industrial standards is backed by patent and licencing system, with US-based corporations being the key technology owners. This advantage is being weaponised and used not only to exert pressure on countries like China, Russia or Iran, but on their own allies at the expense of their own industries. Prices are set directly by imperialists to secure monopoly profits which is backed by military power. Other countries, aware of this process are attempting to gain technological independence by developing their own technology. Time is running out for imperialism to ensure its global dominance in the sphere of technology. One more decade of peaceful development could lead to the loss of the West’s hegemonic position in technology sector. This is the main reason why imperialist centre (USA) has stepped up its aggressive acts, staging colour revolutions and inciting military conflicts, which can potentially escalate into World War III.
1:17:00 Socially nessessary abstract labour time. Socially necessary because it is the average. Abstract because iit is involved of production of this as a commodity
1:03:00 General equlibrium idea of neoliberals just skips the problem
19:00 Silent exchange/trade - tribes even do not meet during silent exchange. To perform a silent trade, one group of traders would go to a specific location, leave their trading goods and then withdraw to a distance. Then play a drum to signal the other traders that a silent trade was taking place. The other group of traders would then approach and inspect the goods (most commonly salt or gold). If the goods met with approval, the second group would then take the goods, leave their own goods in return, and depart.
1:27:57 this is aged well with the covid
What books were quoted?
31:45
but professor, both definition illustrates the same essential point if wholeselling and retailing are viewed as adding value, which I would like to argue they do, they buy the produce from the producers or manufacturers and make it accessible to the the final consumer, it adds to the value of the good in the sense of availability, just as a cargo ships adds to the value of good for transporting it from one place to another, anything which is not available to an individual can serve no use value to him
I’m sure the good professor will revise his thesis now that you’ve now so lucidly expounded the issue for him in this seminal RUclips comment - be sure to look out for this in the 2nd edition of his book.
@@conjugatemethod 😭😭😭🤣🤣
really a pity that the probably most crucial part is missing. would be really great if it could be added somehow. would appreciate it very much. thx!
Yes, it is a pity that the graphs were totally missed on the screen in this final video...
Very nice presentation
Shaikh ending with a somewhat pessimistic view of the future, while at the same time paraphrasing Marx "I dont mean that humanity is doomed, I mean that capitalism is doomed" (1:33:50). Great stuff as always
34:00: Me always late to the class.
40:58 He is talking about Comrade Narendra Dabholkar, a medicial doctor by profession who fought against superstition all his life.
The rate of surplus-value in a variety of European countries
brilliant
Shaikh enlightening as always