Capital, vol. 3 PDF Karl Marx

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production costs, going into the output of each commodity + average profit multiplied by these outlays)? The first two problems have provoked relatively less controversy than the third, probably because of their more ‘abstract’ character. They are, however, of the highest importance for the inner cohesion of Marxist economic theory. Marx’s treatment of them, moreover, shows his dialectical method at its most mature.

Briefly, with respect to the first, Marx argues that as value in the last analysis is a social not an individual category, those branches of industry which have an organic composition of capital below the social average objectively waste social labour from the point of view of capitalist society as a whole (i.e. from the point of view of ‘equality’ of commodity-owners).9 Therefore, the market does not return to their owners all the value effectively created during t

• Book Name: Capital, vol. 3 pdf
• Author Name Karl Marx
• Product Type pdf,epub Digital Book
• Added Year 1992

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