Value, Price, and Profit

by Karl Marx

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Karl Marx's 'Salário, Preço e Lucro' is a critical examination of economic theories within the labor movement, focusing on the theory of surplus value. Written in 1865, the text critiques the ideas of John Weston and others who argued that wage increases would harm industry and the working class. Marx counters these claims by discussing the relationship between wages, labor, value, and surplus value, emphasizing the importance of labor's role in determining the value of commodities. He show more argues that the value of a commodity is determined by the amount of socially necessary labor time invested in its production. This work serves as a foundational text for Marxist economic theory, advocating for workers' rights and the economic transformation of society. show less

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Author Information

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1,850+ Works 54,436 Members
Karl Heinrich Marx, one of the fathers of communism, was born on May 5, 1818 in Trier, Germany. He was educated at a variety of German colleges, including the University of Jena. He was an editor of socialist periodicals and a key figure in the Working Man's Association. Marx co-wrote his best-known work, "The Communist Manifesto" (1848), with his show more friend, Friedrich Engels. Marx's most important work, however, may be "Das Kapital" (1867), an analysis of the economics of capitalism. He died on March 14, 1883 in London, England. (Bowker Author Biography) show less

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Canonical title
Value, Price, and Profit
Original title
Lohn, Preis und Profit
Alternate titles
Wages, Price and Profit; Value, Price and Profit: Addressed to Working Men
First words
There reigns now on the Continent a real epidemic of strikes, and a general clamour for a rise of wages.
Last words
(Click to show. Warning: May contain spoilers.)They fail generally, from limiting themselves to a guerrilla war against the effects of the existing system, instead of simultaneously trying to change it, instead of using their organised forces as a lever for the final emancipation of the working class, that is to say, the ultimate abolition of the wages system.
Original language
German
Disambiguation notice
This is the work for the individual pamphlet Value, Price, and Profit. It should not be merged with the combined work Wage-Labour and Capital & Value, Price, and Profit.

Classifications

Genres
Economics, Nonfiction, General Nonfiction, Politics and Government, Philosophy
DDC/MDS
335.4Society, Government, and CultureEconomicsSocialism and related systemsMarxian systems
LCC
HB201 .M33Social sciencesEconomic theory. DemographyEconomic theory. DemographyValue. Utility
BISAC

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Paper, Ebook
ISBNs
48
ASINs
32