“To live without Hope is to Cease to live” ― Fyodor Dostoyevsky
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'A groundbreaking work of economic analysis. It is also a literary masterpice' Francis Wheen, Guardian …
Natural product + Labour value = Use-value Use-value + Labor value = Exchange value
I think..?
'A groundbreaking work of economic analysis. It is also a literary masterpice' Francis Wheen, Guardian …
"In general, the greater the productivity of labour, the less the labour-time required to produce an article, the less the mass of labour crystallized in that article, and the less its value. Inversely, the less the productivity of labour, the greater the labour-time necessary to produce an article, and the greater its value."
— Capital: Volume 1 by Karl Marx, Friedrich Engels, Ernest Mandel, and 1 other (Capital, #1) (Page 131)
From what I understand, Marx critisizes how capitalism punishes the efficent and skilled workers because they produce more than the "Socially necessary labour time".
'A groundbreaking work of economic analysis. It is also a literary masterpice' Francis Wheen, Guardian …
Attributing the exchange value to the average labour time DOES sound unproductive honestly
