“A commodity has a value because it is a crystallization of social labor. The greatness of its value, or its relative value, depends upon the greater or less amount of that social substance contained in it; that is to say, on the relative mass of labor necessary for its production.”
Quote by Karl Marx
Work
Value, Price and Profit
Value, Price and Profit is a scholarly work that examines the intricate relationship between value, price, and profit within the realms of economics and business. The book provides a detailed analysis of economic theories and models, illustrating how these concepts shape market dynamics and business strategies. It covers a wide range of topics, including the determination of value, pricing strategies, and the role of profit in economic growth and stability. more
Author
You May Also Like
“If I negate powdered wigs, I am still left with unpowdered wigs.”
Source: Marx: Selected Writings
Source: India, National Liberation and Class Struggles: A Collection of Classical Marxist Writings
Source: Karl Marx on Society and Social Change: With Selections by Friedrich Engels
Source: The Communist Manifesto in Plain and Simple English
“No production without a need. But consumption reproduces the need.”
Source: Karl Marx Frederick Engels: Collected Works 1857-61
“Ideas do not exist separately from language.”
Source: Karl Marx: A Reader
“Hence money may be dirt, although dirt is not money.”
Source: Capital: A Critique of Political Economy. Volume I: The Economist