Guide to Marxist Economics - Ep 7. Value Forms and Functions of Money

Each episode of the series will discuss important topics of Marxist political economy.

The video covers the following topics:
-The 4 different value forms
-The 5 functions of money

The next episode will discuss paper money vs gold money, inflation and the necessary amount of money etc.

The textbook

Other episodes: Communism For Beginners - Basics of ML playlist.

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[thefinnishbolshevik]

This video covers the following topics:
-The 4 different value forms
-The 5 functions of money

The next episode will discuss paper money vs gold money, inflation and the necessary amount of money etc.

[lilestojkovicii]

I remember when I was learning this in economic school
Nice job :D

[JohnT.]

Great video Finbol! This video just reinforces my belief in cybersocialism and why cyber labor time credits would serve workers in economic planning since they don't circulate. One would have to watch Professor Paul Cockshott's You Tube channel to get the understanding of moving beyond money.

[leonardtoole]

Thank you for your education. Keep it up comrade. 👍🏼. Very informative. 👏🏻

[Banana_Split_Cream_Buns]

Hey, I have just discovered your channel. Would you be able to update your Playlists so your video series are more ordered and organised? Thanks either way.

[hectorrodriguez]

Hoarding is an important precursor of Capital. Also, when income is cyclical or irregular it can act to smooth out or satisfy future demand or future consumption.

[dogiffm]

Comrade do you have recommendations on audio books regarding Marxism and Marxist philosophy?

[Goofy]

3:00 doesn't David Graebar 5000 Years of Debt basically state that there are no evidence for the things you mention about trade, in the way that you talk about them???

[nateisawesome]

This is the reason why the federal reserve is forced to allow interest rates to rise during overproduction. During overproduction, the demand for the money commodity by money capitalists rises. In the gold standard days, this meant a gold drain out of the country. In the paper dollar standard, this means a rising price of gold. Currently, the money capitalists are expecting the federal reserve to pivot, which is why the price of gold in US dollars has been going up dramatically over the past 2 and a half months. Should the federal reserve pivot and increase the monetary base of token money, the price of gold will soar, leading to runaway inflation. It would collapse the US currency and bring down the foundations of the US-NATO world empire. Under the contradictions of capitalism, the Federal Reserve is forced the keep raising interest rates to meet the supply and demand for gold, incurring a DEEP recession. And it should be noted that a paper dollar system makes crisis more intense because they have a net effect of increasing the demand for gold during overproduction because the money capitalists perceive a threat of dollar devaluation. This would have an overall impact of interest rates rising higher than otherwise.

[bantix]

Why did Stalin allow commodity production