Heterodox
Marx’s Value, Price and Profit was a series of lectures he delivered in 1865, even though it was first published in 1898.In this work, Marx has the following to say about the determination of wages in capitalism: (1) “I might answer by a generalization, and say that, as with all other commodities, so with labor, its market price will, in the long run, adapt itself to its value; that, therefore, despite all the ups and downs, and do what he may, the working man will, on an average, only...
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