Heterodox
Chapter 9 of volume 1 of Capital is called “The Rate of Surplus Value” (Marx 1990: 320), and it discusses aspects of surplus value.Marx divides the chapter into four sections: (1) The Degree of Exploitation of Labour-Power;(2) The Representation of the Value of the Product by Corresponding Proportional Parts of the Product;(3) Senior’s “Last Hour”(4) The Surplus Product. A section by section summary follows.(1) The Degree of Exploitation of Labour-Power Surplus value is generated in...
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