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Value and Value Creation

The word ‘value’ is challenging for engineers because it has several related meanings.

First the mathematical meaning. ‘Value’ denotes a number associated with a variable, for example x=2.72. 669 more words

Notes on the Fragment on Machines

The “Fragment on Machines” is the best known (and perhaps least understood) portion of Marx’s tremendous collection of notes known as the Grundrisse. It has been subjected to study by seemingly every Marxist or pseudo-Marxist theorist since the 1970s, from the pioneers of the… 2,066 more words