This, in 1898 posthumously published, pamphlet was Marx's response to an argument on trade union activity that took place at a meeting of the General Council of the International Working Men's Association in 1865. Weston, a follower of Robert Owen, argued that wage increases did not benefit the workers immediately concerned, and, worse, also harmed workers in other sections of industry by causing price inflation. In the first five chapters of this pamphlet Marx easily demolishes the arguments of "Citizen Weston." This part ...
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This, in 1898 posthumously published, pamphlet was Marx's response to an argument on trade union activity that took place at a meeting of the General Council of the International Working Men's Association in 1865. Weston, a follower of Robert Owen, argued that wage increases did not benefit the workers immediately concerned, and, worse, also harmed workers in other sections of industry by causing price inflation. In the first five chapters of this pamphlet Marx easily demolishes the arguments of "Citizen Weston." This part of the pamphlet is now mainly of academic interest since most of Weston's points were so crude that they are rarely heard today. From chapter VI on, however, Marx sets out in simple form his Labour Theory of Value; explains the source of rent, interest and profit and outlines both the usefulness and the limitations of trade union action. The labor theory of value is the economic theory of value which argues that the value of a commodity is related to the labor needed to produce or obtain that commodity. Presently the concept is most often associated with Marxian economics, although it appears as a foundation to earlier classical economic theorists such as Adam Smith and David Ricardo. However, Karl Marx never used the phrase "labor theory of value" to describe his theory of value, but instead made reference to a law of value.
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Seller's Description:
Very Good. Pamphlet. In original wrappers, 54pp. Clean copy showing some age and light shelf wear. Remains a very good copy.....We ship daily from our Bookshop.
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Good. Good condition. (philosophy, marx, value) A copy that has been read but remains intact. May contain markings such as bookplates, stamps, limited notes and highlighting, or a few light stains.
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Good. No Jacket As Issued. 12mo-over 6¾"-7¾" tall Edition and Printing Not Stated. Good, slight fading to spine & edges of covers. 13 x 19. soft cover. 62pp.
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Very good. Prompt shipment, with tracking. we ship in CLEAN SECURE boxes Very good copy with clean pages. Cover stained. Edited by Eleanor Marx Aveling. Sm8vo. Published in New York, 1971. 62 pages.