Hello Suparna, Thank you for this video! Unfortunately, it loses a lot by being heavily reverberant in the room of the recording. This made the video very difficult for me to understand. My thoughts on value: Economic value is a social relationship, a relationship between people. It is formed when goods are exchanged for equivalent values or goods for goods. There can be no intrinsic economic value because a human relationship cannot be built into things, either by humans or by nature. In the case of exchange, an economic value is assigned to both the commodity and the value equivalent in the same amount. This can be shown using Marx's theory of value if you update the places where Marx got it wrong - he contradicted himself in some places in Capital. Ethical values etc. are of a completely different nature and have been formed in society for different reasons.
Nice philosophical discourse
Hello Suparna,
Thank you for this video!
Unfortunately, it loses a lot by being heavily reverberant in the room of the recording. This made the video very difficult for me to understand.
My thoughts on value:
Economic value is a social relationship, a relationship between people.
It is formed when goods are exchanged for equivalent values or goods for goods.
There can be no intrinsic economic value because a human relationship cannot be built into things, either by humans or by nature.
In the case of exchange, an economic value is assigned to both the commodity and the value equivalent in the same amount.
This can be shown using Marx's theory of value if you update the places where Marx got it wrong - he contradicted himself in some places in Capital.
Ethical values etc. are of a completely different nature and have been formed in society for different reasons.