Answer by Alecos Papadopoulos for A question on Marx'"Value, price and profit"
Your summary of Marx's argument in these lectures is inaccurate. In these lectures too, Marx advances his known theory of surplus. He does not say that capitalists pay to the workers the full value of...
View ArticleA question on Marx'"Value, price and profit"
In his lecture Value, price and profit Karl Marx argues that profit is made by capitalists by (i) selling commodities for their real price (= real value expressed in money), (ii) paying the workers...
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