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| Name | How Adam Smith Inspired Karl Marx - Economic Update with Richard Wolff |
| Video Uploader | Video From Democracy At Work |
| Upload Date | This Video Uploaded At 26-07-2022 14:00:09 |
| Video Discription | Prof Wolff explains how a concept in the Wealth of Nations inspired Karl Marx to write his own Labor Theory of Value- a very important concept to explain how capitalism works. "For Marx, as one of the many people who marveled at what Smith had written, here was something spectacular. For Marx, it was the linkage of the value of the things that we see produced in the world as linked to, as dependent on, as created by labor. For Marx, it put labor at the center of what economics was all about. Adam Smith and the people who follow him saw something very valuable in that line, but it was different from what Marx thought." - Richard Wolff This is a clip from S12 E28 of Economic Update: Twin Upsurges - Unionizing and Left Politics Watch the full episode on our YouTube channel at https://youtu.be/zllszGf20Is You can also listen to this show on our website or as a podcast on your favorite podcast player. ______________________________________________________________________________________ We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon: https://www.patreon.com/economicupdate Become a monthly donor via our website: https://www.democracyatwork.info/donate _______________________________________________________________________________________ Check out the NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff! www.democracyatwork.info/books “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly http://www.lulu.com/spotlight/democracyatwork _________________________________________________________________________________________ Want to help us translate and transcribe our videos? Learn about joining our translation team: http://bit.ly/2J2uIHH Jump right in: http://bit.ly/2J3bEZR Follow us ONLINE: Patreon: https://www.patreon.com/economicupdate Websites: http://www.democracyatwork.info/economicupdate http://www.rdwolff.com DailyMotion: http://www.dailymotion.com/democracyatwrk Facebook: http://www.facebook.com/RichardDWolff http://www.facebook.com/DemocracyatWrk Twitter: http://twitter.com/profwolff http://twitter.com/democracyatwrk Instagram: http://instagram.com/democracyatwrk Subscribe to our podcast: http://economicupdate.libsyn.com Shop our Store: http://bit.ly/2JkxIfy |
| Category | News & Politics |
| Tags | Richard Wolff | democracy | work | labor | economy | economics | inequality | justice | capitalism | capital | socialism | wealth | income | wages | poverty | yt:cc=on |
