4.8 • 3.4K Ratings
🗓️ 30 April 2022
⏱️ 87 minutes
🧾️ Download transcript
[Originally released Feb 2021]
[5:00] Definition: Political economy as the study of economics as played out in reality. Economics in relation to society, production, culture, politics, etc.
[12:28] History: Adam Smith’s development of economics in the wealth of nations, alongside Mill’s principles of political economy.
[20:05] So what does Marxism have to do with political economy?
[33:31] Critique of capitalist economics today
[74:43] Why does this matter? If Marxism is about revolution, what's the deal with all this abstract economic analysis?
[78:13] Marxian economics vs Marxism: what's the difference, is there an issue with the former?
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0:00.0 | Hello everyone and welcome back to Red Menace. |
0:19.2 | So we've done a lot of current event episodes last while because there's been a lot of current |
0:23.8 | events happening. |
0:25.3 | So now we're sort of getting back to our roots and we're doing a more classic Red Menace |
0:31.8 | theory text episode, but instead of focusing on a singular text, we're doing what we've promised |
0:36.5 | for a few months now, which is to do another Intro to Marxism episode this time focusing |
0:42.3 | on political economy. |
0:43.8 | Our last Intro to Marxism was very well received and we've got a lot of positive feedback |
0:48.3 | on that. |
0:49.3 | But it was really centered around historical materialism, dialectics, et cetera. |
0:53.1 | We touched a little bit on political economy, but with no real depth. |
0:57.2 | So afterwards, we both agreed we needed to go in that direction. |
1:00.7 | And that's what we're here to do today. |
1:02.8 | Thank you as always to all of our Patreon supporters. |
1:05.1 | If you have a little bit of extra money laying around and you want to get access to bonus |
1:09.0 | content that Allison and I do, feel free to join our Patreon. |
1:13.4 | If not, money's tight for everybody. |
1:15.3 | We understand something as easy as sharing this episode with a friend or leaving a positive |
1:19.9 | review on Apple podcasts does a lot and it really is something we deeply appreciate. |
1:26.6 | But without further ado, let's get into this big sort of topic. |
1:30.5 | It was challenging in some ways, but hopefully, we'll provide a solid introduction to this |
1:36.3 | element of Marxism, which can sometimes be overlooked or under emphasized. |
... |
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