Economics for Emancipation

A Course of Economics for All

MODULE 2

In this module, we learn about how capitalists use their money to create more money through the circuit of capital.

We reflect on the ways that capitalism has been intertwined with racism and patriarchy from the beginning. By tracking how capital evolves throughout this cycle and understanding its historical underpinnings, we can then envision how we might challenge this process and reimagine our economy. 

Learning Objectives:

  • Articulate our conceptions of an economy
  • Understand the source of “value” in the economy 
  • Explain the three “C’s” of exchange, or ways our economies can be organized
  • Understand how profits are created by the exploitation of workers
  • Analyze how care work and housework show up in our economy

Materials

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VIDEO LESSONS:

Takeaways

  • Capital is the exploitative relationship between the owners of the means of production and workers.
  • It is also money trying to become more money as illustrated in the circuit of capital. 
  • Racist exploitation and colonialism have been foundational for capitalism. There are four different types of capitalists that make profits in distinct ways: industrial, commercial, financial and landlord capitalists.

NEXT

MODULE 3:

Redistribution vs. Recognition →

Readings

Videos