[BEST OF] The Fundamentals of Marxism: Intro to Political Economy
Rev Left Radio
Breht O'Shea
4.8 • 3.6K Ratings
🗓️ 10 June 2025
⏱️ 87 minutes
🧾️ Download transcript
Summary
ORIGINALLY RELEASED Feb 3, 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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Transcript
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| 0:00.0 | Hello, everyone and welcome back to Red Menace. |
| 0:18.8 | So we've done a lot of current event episodes the last while because there's been a lot of current events happening. |
| 0:25.1 | But now we're sort of getting back to our roots and we're doing a more classic Red Menace theory text episode. |
| 0:33.1 | But instead of focusing on a singular text, we're doing what we've promised for a few months now, which is to do another intro to Marxism episode, this time focusing on political economy. |
| 0:43.6 | Our last intro to Marxism was very well received, and we've got a lot of positive feedback on that, |
| 0:48.7 | but it was really centered around historical materialism, dialectics, etc. |
| 0:53.0 | We touched, you know, a little bit on |
| 0:55.2 | political economy, but with no real depth. So afterwards, we both agreed we needed to go in that |
| 0:59.7 | direction. And that's what we're here to do today. Thank you, as always, to all of our Patreon |
| 1:04.3 | supporters. If you have a little bit of extra money laying around and you want to get access to |
| 1:08.4 | bonus content that Allison and I do, you know, |
| 1:11.3 | feel free to join our Patreon. |
| 1:13.3 | 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 |
| 1:19.5 | positive review on Apple Podcasts does a lot. |
| 1:23.0 | And it really is something we deeply appreciate. |
| 1:26.5 | But without further ado, let's get into this big sort of topic. |
| 1:30.5 | It was challenging in some ways, but hopefully, you know, we'll provide a solid introduction |
| 1:36.0 | to this element of Marxism, which can sometimes be overlooked or under-emphasized. |
| 1:41.2 | So with all of that in mind, Alison, what do we want to do? What do we want |
| 1:45.2 | to accomplish with this episode overall? Yeah. So again, this is kind of, you can think of it |
| 1:50.2 | maybe as a compliment to the Marxism 101 episode that we did. So we did that introductory |
... |
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