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Learn Smith’s division of labor, Marx’s barter economy and explore the creation and use of commodity and non-commodity money.

Given the fact that society is indulged in money equilibrium, this lecture explores how the economy market functions.

Learn the equalization of the profit rate in market competition based on the Marxist perspective.

Learn Marx’s theory of the falling rate of profit in terms of the social interaction model, the alienation problem, and be introduced to Keynes’ perspective.

Explore basic postulates of the Walrasian and Keynesian economic standpoint while appropriating main ideas of the said economists in terms of the hub and spoke model.

The lecture elaborates on the general model of product and labor market.

From an abstract level, explore the main foundations underlying the examined economic accounts, drawing on Shannon’s theorem, the history of Mathematics, and information technology.

About SCEPA

SCEPA works to focus the public economics debate on the role government can and should play in the real productive economy - that of business, management, and labor - to raise living standards, create economic security, and attain full employment.