This episode is an overview of the first chapter of Karl Marx's Capital Volume 1. This is mean both as something to listen to before reading it yourself, or for those who simply want a short summary of it in audio form. The premium goes more in depth in Commodity Fetishism as well as the four developments of the value form https://www.patreon.com/posts/50528956/  Timestamps for the video: 00:00 – Intro 2:30 – Use Value and Exchange Value 5:59 – Labour and Value 14:35 – Marx’s Law of Value and Supply and Demand 16:45 – The Division of Labour and the Commodity 20:03 – The Coat and the 20 Yards of Linen 20:50 – Commodity Fetishism 29:48 – The abolition of Labour 32:29 – Outro Reading guides/secondary literature/sourced material: https://www.youtube.com/watch?v=TEGYaxWHwSE http://la.utexas.edu/users/hcleaver/357k/357ksg01.html Sweezy, The Theory of Capitalist Development Stephen Shapiro, Marx's Capital Arthur L Thomas, The Allocation Problem in Financial Accounting Theory All of my links at: www.livagar.com