Online course - Labour, Value & Exploitation

Since our foundation in 1933 the Marx Memorial Library has been at the heart of the British labour movement advancing education, knowledge and learning in all aspects of the science of Marxism, the history of socialism and the working class.www.marx-memorial-library.org.uk37a Clerkenwell Green, London EC1R 0DU020 7253 1485

Marx Memorial Library

Get to grips with Marxist economics with the Marx Memorial Library

This course provides a basic introduction to the Marxist analysis of capitalist economics – comparing and contrasting its approach to that provided by neo-liberal and Keynesian interpretations.The main text is Marx's pamphlet,Wages, Price and Profit. This was written in 1864 at the same time Marx was finishing his great work, Capital,Volume 1, and boils down the arguments of Capital to their simple essence.Each course has four sessions or classes, each lasting two weeks. For each session you will be provided with short readings, explanatory notes, film clips and discussion points to which you are asked to respond. These responses form the basis for debate and interaction with fellow students and the tutor. At the end of each of the four classes there will be a Zoom tutorial.At the end of the course you should be able to contest arguments that:· Wage increases cause inflation· Collective action by workers can never increase wages in the long-runAnd instead argue that· Labour is the only source of new value· Capitalist production is organised to maximise the rate of exploitation· Capitalist production is inherently crisis-prone.· Collective action by workers enhances productivity and overall economic demandThe four classes are:1. An introduction to Karl Marx and Wages, Price and Profit2. Class, political power and exploitation3. Labour Value and capitalist crisis4. Contradictions of capitalism

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Online course - Labour, Value & Exploitation

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