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Episode 363: Labor and Marx
Words & Numbers
English - January 24, 2024 15:30 - 41 minutes - 32.8 MB - ★★★★★ - 336 ratingsEducation Business education current economics events government libertarian liberty news policy politics Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Many people share an intuition that “excess” profits are a sign of something having been stolen from labor. Karl Marx shared this intuition and formalized it in his writings on the surplus value of labor.
Foolishness of the Week: 05:48
Main episode: 11:55
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Foolishness of the Week
https://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits
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https://fred.stlouisfed.org/series/GFDEBTN
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