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The Moral Foundations of Politics

Yale, , Prof. Ian Shapiro

Updated On 02 Feb, 19

Overview

Information and Housekeeping - Natural Law Roots of the Social Contract Tradition - Origins of Classical Utilitarianism - Classical Utilitarianism and Distributive Justice - From Classical to Neoclassical Utilitarianism - The Neoclassical Synthesis of Rights and Utility - Limits of the Neoclassical Synthesis - The Marxian Challenge - Marx's Theory of Capitalism - Marxian Exploitation and Distributive Justice - The Marxian Failure and Legacy - Appropriating Locke Today - Rights as Side Constraints and the Minimal State - Compensation versus Redistribution - The Rawlsian Social Contract - Distributive Justice and the Welfare State - The "Political-not-Metaphysical" Legacy - The Burkean Outlook - Democracy and Majority Rule - Democratic Justice: Theory,Applications

Includes

Lecture 10: Marxs Theory of Capitalism

4.1 ( 11 )


Lecture Details

Moral Foundations of Politics (PLSC 118)

Today, Professor Shapiro continues his discussion of Enlightenment theory of Karl Marx, focusing on the foundations of his theory of capitalism. The central question is, how is wealth created under capitalism at the micro level? For Marx, Adam Smiths invisible hand is not entirely benevolent. His labor theory of value stipulates that living human labor-power is the only way to create new value, and therefore capitalists who shift toward capital-intensive production cannot actually create new value. Marx also assumes wages are at the level of subsistence, and that capitalists turn a profit by exploiting the surplus labor time of workers. Professor Shapiro also explores some corollary concepts to Marxs mode of production--the class-for-itselfclass-in-itself distinction, socially necessary labor time and surplus labor time, and the extent to which workers are other-referential.

Complete course materials are available at the Open Yale Courses website httpopen.yale.educourses

This course was recorded in Spring 2010.

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Comments
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Sam

Excellent course helped me understand topic that i couldn't while attendinfg my college.

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Dembe

Great course. Thank you very much.

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