A patron of Economic Update asks: "I'm wondering if he could discuss how Locke's Labor Theory of Property compares and contrasts to Marx's Labor Theory of Value. I'm interested in how each theory functions but even more so in how they were developed and rationalized by Marx and Locke respectively."
This is Professor Richard Wolff's video response.
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Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself," available now at www.democracyatwork.info/books
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Yanis Varoufakis, Greek economist, academic, philosopher, politician, author of Talking to my daughter about the economy
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