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Quote by Karl Marx

“A use-value, or useful article, therefore, has value only because abstract human labour is objectified or materialized in it. How, then, is the magnitude of this value to be measured? By means of the quantity of the "value-forming substance", the labour, contained in the article. This quantity is measured by its duration, and the labour-time is itself measured on the particular scale of hours, days etc.”

Quote by Karl Marx

Book:Capital: A Critique of Political Economy, Volume 1
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Capital: A Critique of Political Economy, Volume 1

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Karl Marx
Karl Marx

Karl Marx (May 5, 1818 - March 14, 1883) was a German philosopher, economist, sociologist, political theorist, and revolutionary. He is one of the founders of Marxism and his works, including 'Das Kapital' and 'The Communist Manifesto', have had a profound impact on the world. more

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