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Business & Society BADM 605 – Modules 9 - Historical and Social Context of Economic Systems, Trade, and Business
Posted inSociology

Business & Society BADM 605 – Module 9 – Historical and Social Context of Economic Systems, Trade, and Business

Let's recap the content of module 9 and I'll add some insights that I found interesting about the content of these weeks. Ch. 1 of Baumol’s The Free-market Innovation Machine…
Posted by Ramon Cristian May 22, 2025
Chapter 14 – Division of Labor and Manufacture – Capital – Volume 1 – Karl Marx
Posted inEconomists

Chapter 14 – Division of Labor and Manufacture – Capital – Volume 1 – Karl Marx

Summary Chapter 14 of Karl Marx's Capital explores the rise of manufacturing based on the division of labor. Marx describes two origins: the unification of distinct handicrafts under one capitalist…
Posted by Ramon Cristian May 19, 2025
Chapter 13 – Co-operation – Capital – Volume 1 – Karl Marx
Posted inEconomists

Chapter 13 – Co-operation – Capital – Volume 1 – Karl Marx

Summary In Chapter 13 of Capital, Karl Marx delves into the transformative role of co-operation in capitalist production. He explains that when a large number of workers operate simultaneously under…
Posted by Ramon Cristian May 18, 2025
Chapter 12 – The Concept of Relative Surplus-Value – Capital – Volume 1 – Karl Marx
Posted inEconomists

Chapter 12 – The Concept of Relative Surplus-Value – Capital – Volume 1 – Karl Marx

Summary In Chapter 12 of Capital, Karl Marx introduces the concept of relative surplus-value, distinguishing it from absolute surplus-value. Unlike absolute surplus-value—gained by extending the working day—relative surplus-value is generated…
Posted by Ramon Cristian May 17, 2025
Chapter 10 – The working day – Capital – Volume 1 – Karl Marx
Posted inEconomists

Chapter 11 – Rate and Mass of Surplus-Value – Capital – Volume 1 – Karl Marx

Summary Focus Keyphrase: surplus-value rate and mass in Marxist theory In Chapter 11 of Capital, Karl Marx explores how the rate of surplus-value (degree of exploitation) and the variable capital…
Posted by Ramon Cristian May 16, 2025
Chapter 10 – The working day – Capital
Posted inEconomists

Chapter 10 – The working day – Capital – Volume 1 – Karl Marx

Summary In Chapter 10 of Capital, Karl Marx examines the concept of "The Working Day", offering a powerful critique of how capitalism maximizes profit by extending labor time. He explains…
Posted by Ramon Cristian May 14, 2025
Chapter 9 – The rate of surplus-value – Capital – Volume 1 – Karl Marx
Posted inEconomists

Chapter 9 – The rate of surplus-value – Capital – Volume 1 – Karl Marx

Summary Chapter 9 of Capital by Karl Marx explores how surplus-value is created through the exploitation of labor in the capitalist system. Marx dissects the formula C = c +…
Posted by Ramon Cristian May 9, 2025
Chapter 2 - Exchange - Capital Volume I - Karl Marx
Posted inEconomists

Chapter 2 – Exchange – Capital – Volume 1 – Karl Marx

Summary Chapter 2 of Karl Marx's Capital, Volume 1, titled "Exchange," explains that commodities cannot independently enter the market; they require human owners who establish social and economic relations through…
Posted by Ramon Cristian April 22, 2025
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