Summary rating: 1 stars
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118
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300
Published: November 12, 2006
In this
paper the author examines some of the works of Karl Marx, focussing on the theme of
value of labor-power, which is a key point in Marx's socio-economic theory, and determines the value of commodities. The paper looks at the importance of the wage system and discusses Marx's point that value
comes from social
labor and profit comes from extracting
unpaid labor from the laborer. The author continues to discuss the works of Karl Marx and some of the statements he has made in reference to labor-power. He also tries to put across the capitalist point of view, by giving a counter argument for each of Marx's points. In conclusion the author states that we must either accept that Marx failed in his attempt at a truly materialist explanation of history and society, or admit that machines and animals exist as social laborers, the same as humans.
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