https://rss.com/podcasts/capital-volume-i-chapter-1-commodities-use-value-and-exchange-value Karl Marx's Das Kapital, Volume I, is presented through excerpts focusing on the capitalist mode of production. The text analyzes commodities, their use-value and exchange-value, and the role of money in their circulation. Surplus value is explored, examining how it's generated through the exploitation of labor and the extension of the working day. The excerpts also discuss the effects of machinery on labor and the social consequences of capitalist accumulation, including the creation of a surplus population. Finally, the author's own notes and revisions to the second edition reveal his intent to clarify and strengthen his arguments.

]]> RSS.com 2026.401.141116 Fri, 17 Apr 2026 13:00:59 GMT en bdc440e4-e43a-5e99-b341-823b465c847f https://media.rss.com/capital-volume-i-chapter-1-commodities-use-value-and-exchange-value/20241223_021253_2e9a2c9b1b1aadf1a2263c41cba9803e.png https://rss.com/podcasts/capital-volume-i-chapter-1-commodities-use-value-and-exchange-value yes Deep Dive Podcast Deep Dive Podcast false episodic podcast Marx's Capital, Chapter 1, analyzes the nature of commodities, beginning with their dual character: use-value (utility) and exchange-value (value). The magnitude of exchange-value is determined by the socially necessary labor time required for production, a concept that abstracts from the specific skills involved. The chapter then explores the different forms that exchange-value takes, progressing from simple to expanded to general forms, culminating in the money form. Finally, it discusses the fetishism of commodities, arguing that the social relations of production are obscured by the seemingly objective nature of exchange-value.

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