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Capital Chapters 14-16: Absolute and Relative Surplus-Value

Professor

47:41·2026·undergraduate level

This lecture examines the intricate interplay and conditioning between absolute and relative surplus-value. It introduces Marx's three types of subsumption of labor under capital, offering a nuanced understanding of exploitation.

How do relative and absolute surplus-value condition each other? What are the three types of subsumption?

A chapter by chapter study of Marx’s powerful analysis in Capital: Critique of Political Economy, Volume 1. This book from 1872 is still the best guide to the predatory economic and social system within which we live. The book solves five basic mysteries in our social world. The mysteries are: why social classes struggle against one another, why human beings are in the thrall of things, how a quantity of money turns into more money without seeming to add anything, why some people are forced to work and the more they work the less they make proportional to their effort, and finally, and why it is so hard to transform the system for the better.

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