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The object of the law of value is to elucidate the actual exchange relations of commodities.
It is obvious, moreover, that the formation of price in capitalist society must differ from the formation of price in social conditions based upon... →
Value is consequently the necessary theoretical starting point whence we can elucidate the peculiar phenomenon of prices resulting from capitalist... →
It is therefore utterly false to say that Marx revokes the law of value as far as individual commodities are concerned, and maintains it in force... →
But whether, for example, a coat can be exchanged for twenty yards of linen cloth or for forty yards is not a matter of chance, but depends upon... →
As soon, however, as capitalist competition has definitively established the equal rate of profit, that rate becomes the starting point for the... →
Since, however, the reduced surplus value is to be distributed among them in like manner, the modification of their respective parts in the... →
The expansion of the market creates a need for enhanced and more regular supply, and this in turn impels commercial capital to acquire control of... →
Value manifests itself as exchange value, as a quantitatively determined relationship, in virtue of the fact that one commodity can be exchanged for... →
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