Intro to Theory of Values | Chapter 1
This video covers Chapter 1 - 'Commodities' of Das Kapital by Karl Marx. In this chapter, Karl Marx lays out the foundations of his Theory of Values and other ideas to be explored in Das Kapital.
0:00 Intro
0:49 Commodities
1:52 Use-values
2:52 Exchange-value
3:50 Value
5:55 Labor-time
9:10 Two-fold nature of Labor within commodities
9:39 Useful labor
11:20 The Social Division of Labor
12:21 Labor’s relationship with productive power
13:42 The Money-form of value
pages summarized: 47