Thanks for this, I've been reading the wealth of the nations just for a few days, but I'm struggling with this concepts a lot. I'll check your video after I finished reading the chapter 8. But I guess I didn't quite get the idea of chapter 5, so I'll check your chapter 5 video as well. In the mean time...Thx 😁
Yeah, Marx definitely read Smith and in writing Das Kapital built on a lot of his ideas, sometimes agreeing, sometimes disagreeing with his points. There are tons of Quotes from The Wealth of Nations in the footnotes of Das Kapital.
@@ChapterbyChapter I imagine Marx added to the bare subsistence of wages, the component of capitalism transformimg all other classes into either proletarians (huge majority) or bourgeoisie (tiny group) --》revolution or the end of both classes ("common ruin") Would that be correct? Thanks for the video!
I'm not sure if I understand the original point, if the production power increases and things become easier to make with technology, wouldn't the workers wages still stay the same because the supply of their commodities increases and thus the price drops?
Never realised that it was the growth of the nation that dictated wage rises, really enjoying this series!
Thank you for posting these videos, they are very clear and easy to understand : )
Thanks for this, I've been reading the wealth of the nations just for a few days, but I'm struggling with this concepts a lot. I'll check your video after I finished reading the chapter 8. But I guess I didn't quite get the idea of chapter 5, so I'll check your chapter 5 video as well. In the mean time...Thx 😁
As I go through this series and the series on Marx, I see a lot of Smith in Marx.
Yeah, Marx definitely read Smith and in writing Das Kapital built on a lot of his ideas, sometimes agreeing, sometimes disagreeing with his points. There are tons of Quotes from The Wealth of Nations in the footnotes of Das Kapital.
@@ChapterbyChapter I imagine Marx added to the bare subsistence of wages, the component of capitalism transformimg all other classes into either proletarians (huge majority) or bourgeoisie (tiny group) --》revolution or the end of both classes ("common ruin")
Would that be correct? Thanks for the video!
Job is an acronym. It stands for Just Over Broke.
Love this video! Please make more!
I'm not sure if I understand the original point, if the production power increases and things become easier to make with technology, wouldn't the workers wages still stay the same because the supply of their commodities increases and thus the price drops?
omg girl youre so prettyyy