In this third installment of our Introduction to Theory series, Maxximilian Seijo deepens Money on the Left’s analysis of Karl Marx’s critique of political economy. Specifically, Maxx investigates Marx’s 1865 speech and posthumously published book Value, Price and Profit.
This episode, drawn from Maxx’s pedagogy at the University of California, Santa Barbara, interrogates the relationship between Marx’s labour theory of value and the capitalist mode of production. Through close attention to Marx’s theory of price, Maxx teases out Marx’s classical formulations and critically distinguishes them from the Money on the Left Editorial Collective’s heterodox economic foundations.
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