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Michael Lebowitz: What every child should know about Marx s theory of value

Michael A. Lebowitz The law of value works in mysterious ways. For some Marxists, it underlies everything we need to know about capitalism. But, just as Marx claimed he was not a Marxist, so too might he have said, “that’s not my law of value.”

Monthly Review | What Every Child Should Know about Marx s Theory of Value

Michael Lebowitz expounds on the simple truths found in Marx's theory of value—truths that, nonetheless, have been obscured by decades of incomplete theorizing…

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