My brain always feels rejuvenated listening to Prof. Harvey.

Thank you! Subtitles please, even if automatic....

Lecture begins in earnest at 05:59

I really appreciate having access to a modern interpretation of Marxist theory. It's important to understand scientific Socialism and it's "relentless criticism of everything" in order to completely understand our reality. Only successful systems hold up to scrutiny.

Harvey needs his own show 24/7... maybe repetition can help some of us.

Brilliant!

wow thank you for this informations

There are subtitles availables?

Why Google don´t add subtitles automaticly generated to this video?

Please, could anyone turn on the subtitles? even if automatic.

Hi. Is there a transcription of this?

Bro, you gotta ask ur crew turn your mic up! Consistently too quiet in your lecture vids. Love ur brain. Thanks for sharing!

When we talk of value in relation to commodities, value is not embedded in commodities. It is a spectral-like objectivity that can't be reduced to a single commodity but only exists when commodities are set in relation to each other. So the value embedded in a single commodity is paradoxical, because that single commodity by itself does not have a value, only when it is set in relation with other commodities in market exchange. So we can talk of the value OF a commodity presupposing the aforementioned relations, but never the value IN a commodity. The socially necessary labour-time needed to produce a commodity is an average when all the abstract social labours are related to each other in the world market. This has nothing to do with the concrete labour that is embedded in the commodity in so far as it creates use-values.

I'd love to get a PDF of the diagram shown at 17:46

Moore Paul Thomas Angela Jones Carol

"This is strange because you really wanted to see Marx kind of departing from Adam Smith, not saying "I accept the hidden hand of the market", that's what he does in chapter two of volume one, he says "I accept the hidden hand of the market", and of course what he's going to do is to say that the hidden hand is the hand of the laborer, that's what he does further down the line.

The interesting thing about this is that whenever you ask any kind of conventional economist what do they think of Marx's labor theory of value, they'll say "well it's just a mystical kind of thing you know, it just happens you know, nobody can take that seriously", and than you say to them "well what about the hidden hand? Isn't that a mystical thing?", and they go "well no, that's the market, you know, that's the way the market is", and you say "why should I think of a market as being a hidden hand?".

And you have a little argument of that kind and it turns out the hidden hand is just as mystical as Marx's theory of value, if not more so because Adam Smith does not say who's hidden hand it is, whereas Marx is definitely saying "well it's the hidden hand of labor that you've got to be looking at here", and the fact that Adam Smith ignored what was happening to laborers for the most part..." - David Harvey

Its almost impossible to listen to this video, the enunciation is so bad its hard to make out a single work of what the man says.  He should apply Marxism to his own dialogue ,,, it I cant hear you or make out what you are saying your talk is pretty useless ... its sounds like someone is mumbling along without any consideration to the audience ... what a waste ...

Old Marxist bla bla.

Here is a clip that might help in understanding David Harvey,
https://www.youtube.com/watch?v=_bdS2PjNAvg
It is of Yuri Bezmenov who defected to the west from the former Marxist superpower the “ Soviet Union” remember that bit of stunning stupidity that went on and on  for 69 years?
At 7.39 mentions half-baked intellectuals in the west, why would David Harvey flash to mind?

As amusing as David’s tail chasing verbiage is –really he can be quite funny--  it is still embeds Kooky Karl's wacky materalist religion and anti-Semitic premise, ( read Kooky Karl's 1844 essay" On The Jewish Question").

 There will always be the sad “believers” (and victims of) in Karl’s anti –Semitic  “economic/social” theories, and his kooky "theory" always fails. Recalling the marxist/socialist utopias of the USSR( remember that"SUPERPOWER"), East Germany (remember them), Albania, Yugoslavia (remember them), North Korea, Cambodia, Czechoslovakia (remember them), Romania, Somalia, Ethiopia, China, Cuba, Mugabe land, Venezuela all evidence the absolute and appalling failures of  Kooky Karl's social/economic hate based envy/theft  “theories”. Sadly these failed Marxist Socialist states killed, murdered, starved, impoverished hundreds of millions of innocent people (in violation of the Jewish /Christian 10 commandments). How any moral person could continue the sad joke of “Marxism” is amazing.

Dave here can be quite amusing ,really funny in his bourgeois manner …but his pseudo economic rhetoric is more geared to false hope, and emotional imaginings that justify an envy/theft culture than the real world realities of transcending authentic values (please read Hayek).

Dave here could of chosen to live in any of the afore mentioned socialist utopias, and can sill choose so, Cuba, North Korea?, but no he lives in the most capitalist society he could find. One could cry but it is often better to laugh,  …“Life is a comedy to those who think, a tragedy to those who feel.” I would suggest adding a laugh track –

A very basic Reading List  
Karl Marx, Racist, By Weyl Nathaniel
The Road to Serfdom by Friedrich von Hayek
A World Without Jews. By (the racist) Karl Marx
The Open Society and its Enemies by Karl popper
Marx's Religion of Revolution: Regeneration Through Chaos
by Gary North PhD.
Communist Eschatology by Francis Nigel Lee PhD.
Socialism by Ludwig Von Mises