Heterodox
Chapter 16 of volume 1 of Capital is called “Absolute and Relative Surplus Value” and discusses the nature of labour, surplus value and surplus labour time. This chapter begins Part 5 of Capital (which comprises Chapters 16, 17 and 18).Marx opens his chapter with a discussion of the nature of productive labour. Under the capitalist mode of production, the commodity ceases “to be the direct product of the individual, and becomes a social product, produced in common by a collective labourer,...
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