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Surplus Value Tastes Like Vanilla

Surplus Value Tastes Like Vanilla

Economics
Economic Theory, Political Economy

We’re going to trace the origins of profit through a simple batch of homemade ice cream. Building on our previous look at socially necessary labour time, we’re going to unpack the core concepts of Marxist political economy that explain how value is created, captured, and kept.

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The Foundations of Value, Price, and Profit

The Foundations of Value, Price, and Profit

Economics
Economic Theory, Political Economy

Let's dive into concepts like creating value, setting prices, and making profits within the framework of capitalism. We'll also examine how capitalism has two key features different from earlier systems.

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