Heterodox
Chapter 7 of volume 1 of Capital is called “The Labour Process and the Valorization Process” (Marx 1990: 283), and it discusses the process of labour and surplus value.It is divided into two sections: (1) The Labour-Process or the Production of Use-Values.(2) The Production of Surplus-Value (also called “The Valorization Process” in Marx 1990: 293). A critical summary of these two sections follows.(1) The Labour-Process or the Production of Use-Values Capitalists buy labour-power from...
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