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Value

Unlearning Economics' guide to you-know-what. See every side of every news story with Ground News https://ground.news/unlearningeconomics Chapters 0:00 Intro 0:56 Wealth Creation 13:22 The Search for a Scientific Theory of Value 25:58 BreadTube vs Economics #4: The Labour Theory of Value 36:51 Taking the Labour Theory of Value Seriously: The Transformation Problem 49:43 Taking the Labour Theory of Value Seriously: The Falling Rate of Profit 1:01:49 Do We Need Theories of Value? UE links Patreon:   / unlearneconomics   Twitter:   / unlearnecon   Discord:   / discord   Reddit:   / unlearningeconomics   Twitch:   / unlearningeconomics   Produced by Hobbie Stuart Animations by Grim Friberg Thumbnail by Sorcha Cartoons Artwork by Jacob Cob © 2022 Unlearning Economics Thanks so much to ‪@BroeyDeschanel‬, ‪@HowMoneyWorks‬, ‪@BenFelixCSI‬, ‪@Econoboi‬, and ‪@munecat‬ for the quotes. I am an academic economist from the UK who has long been critical of the economics profession and how economics is used in public policy. Mostly the channel will cover economics with a critical perspective but I aim to educate people about economics in the process, so I'll try to explain key concepts and ideas along the way. That way, even if you disagree with aspects of the videos you will hopefully learn something from them. Subscribe for more! References (in rough order of appearance) The Value of Everything: Making and Taking in the Global Economy, Marianna Mazzucato GDP: A Brief But Affectionate History, Diane Coyle The Neoclassical Theory of Distribution, Gonçalo L. Fonseca https://www.hetwebsite.net/het/essays... Economic Ideology, Joan Robinson Destiny video:    • "Stop Criticizing Left Content Creato...   NonCompete video:    • Here's why capitalism SUCKS! -- and w...   Tiffany Ferguson video:    • Our Productivity Obsession (even duri...   Novara Media video:    • How Mick Lynch OWNED The Media   Joan Robinson and the labour theory of value, E.K. Hunt Property And Contract in Economics: The Case For Economic Democracy, David Ellerman Transformation Problem Wikipedia page: https://en.wikipedia.org/wiki/Transfo... Marx after Sraffa, Ian Steedman How the Labor Theory of Value Emerges from Egalitarianism, Blair Fix https://economicsfromthetopdown.com/2... Testing the Labour Theory of Value: An Exchange, Birchler and Nitzan Reclaiming Marx's "Capital" A Refutation of the Myth of Inconsistency, Andrew Kliman The Failure of Capitalist Production Underlying Causes of the Great Recession, Andrew Kliman Hakim’s video    • Why Capitalism Will Always Fail (Capi...   FRED dataset: https://fred.stlouisfed.org/ Revisiting a world rate of profit, Michael Roberts UK rate of profit and British economic history, Michael Roberts Measuring the rate of profit; profit cycles and the next recession, Michael Roberts The historical transience of capital The downward trend in the rate of profit since XIX century, Maito Is There a Tendency for the Rate of Profit to Fall? Econometric Evidence for the U.S. Economy, 1948-2007, Basu and Manoulakos Distributive shares in the US economy, 1964–2001, Mohun The Falling Rate of Profit Thesis Reassessed: Toward a Sociology of Marx’s Value Theory of Labor, Bradford Crisis Theory and The Falling Rate of Profit, Harvey An Essay on Marxian Economics, Joan Robinson