In this first of a series of videos from Socialist Appeal’s recent “Capital in a Day” event – held to celebrate the 150th anniversary of volume one of Karl Marx’s Capital – James Kilby discusses the concept of the commodity.
Capitalism is a system in which the production and exchange of commodities is generalised and universal. And it is the idea of the commodity that Marx began his analysis in Capital with, going on to explain where value comes from and why some commodities are more valuable than others.
James provides an overview of Chapter 1 of Das Kapital, delving into the Labour Theory of Value, and providing the key concepts needed to understand the later sections of Marx’s masterpiece.
Click here to see the rest of the talks from the ‘Capital in a Day’ school.
