Labour Theory Of Value

The Dialectics of Dependency

by Ruy Mauro Marini Below we present Jorge M’s English translation of Ruy Mauro Marini’s Dialectics of Dependency, an important work in Latin American Marxism and overall theories of imperialism. Also included is a Postscript by Marini reflecting on the work and its arguments.  In their analysis of Latin American dependency, Marxist researchers have generally …

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Why Machines Don’t Create Value

Ian Wright defends Marx’s theory of surplus-value and its claim that human labor is the ultimate cause of economic profit.  In the topsy-turvy world of capitalist ideology, certain truths must be ignored or repressed because acknowledging them would weaken the rule of capital. One such truth is that human labor, and human labor alone, is the ultimate …

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Why labour theory of value is right

Version without the muffled initial announcements. Explains the empirical evidence for the labour theory of value. Also worth looking at this video: A relatively technical video on the theory of the rate of profit, dealing with what Anwar Shaikh has said about it in his textbook on Capitalism. This shows how Marx follows Newton’s method …

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