Tag Archives: Chapter 12

Chapter 12 of volume 1 of Capital is called “The Concept of Relative Surplus Value” and it deals with yet further aspects of surplus value.Marx points to another way of increasing surplus value. He considers this representation of the working day: Working Day 1: A-----------B--CWorking Day 2: A-----B′---B--C AB represents the necessary labour-time equivalent to the value of maintaining and reproducing workers. BC therefore represents surplus labour.In Working Day 2, the total length of the...

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