Building a New Economics
The Debunking Economics Podcast
Have marketers made Marx surplus to requirements?
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Have marketers made Marx surplus to requirements?

Marx’s theory of surplus value. Does that apply to one thousand dollar Gucci handbags?
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Phil tells Steve that he’s always struggled with Karl Marx’s idea of surplus value. The idea that workers work for themselves, then a bit more to create the profit for a business. Phil says, that seems like a cost-plus approach, whereas in his marketing days, it was all about creating a brand that people would pay more for. The extra value was created b…

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Building a New Economics
The Debunking Economics Podcast
Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how it reflects on society.ems-based alternative to mainstream economics