value price profit.pdf


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Karl Marx

Value, Price and Profit
Source: Marx, Karl. Value, Price and Profit. New York: International Co., Inc, 1969;
Written: between end of May and June 27, 1865;
First published: 1898;
Edited: by Eleanor Marx Aveling;
HTML Mark-up: Mike Ballard, miballard@stanford.edu, 1995; Proofed: and corrected by Brandon
Poole, 2009, Mark Harris 2010.

Table of Contents
Introduction ................................................................................................................................. 2
Preface ......................................................................................................................................... 4
Preliminary .............................................................................................................................. 5
I. Production and Wages.......................................................................................................... 5
II. Production, Wages, Profits ................................................................................................. 6
IV. Supply and Demand ........................................................................................................ 10
V. Wages and Prices .............................................................................................................. 11
VI. Value and Labour ............................................................................................................ 13
VII. Labour Power ................................................................................................................. 17
VIII. Production of Surplus Value......................................................................................... 18
IX. Value of Labour .............................................................................................................. 19
X. Profit is Made by Selling a Commodity at its Value ........................................................ 20
XI. The Different Parts into which Surplus Value is Decomposed ....................................... 21
XII. General Relation of Profits, Wages, and Prices ............................................................. 22
XIII. Main Cases of Attempts at Raising Wages or Resisting their Fall ............................... 24
XIV. The Struggle Between Capital and Labour and its Results .......................................... 27