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Quote by Karl Marx

“We thus see that the price of a commodity is indeed determined by its cost of production, but in such wise that the periods in which the price of these commodities rises above the cost of production are balanced by the periods in which it sinks below the cost of production, and vice versa. Of course this does not hold good for a single given product of an industry, but only for that branch of industry. So also it does not hold good for an individual manufacturer, but only for the whole class of manufacturers.”

Quote by Karl Marx

Book:Wage-Labour and Capital & Value, Price and Profit
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Wage-Labour and Capital & Value, Price and Profit

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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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