value price profit.pdf

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The circumstances under which this paper was read are narrated at the beginning of the work. The
paper was never published during the lifetime of Marx. It was found amongst his papers after the
death of Engels. Among many other characteristics of Marx, this paper shows two especially.
These are his patient willingness to make the meaning of his ideas plain to the humblest student,
and the extraordinary clearness of those ideas. In a partial sense the present volume is an epitome
of the first volume of Capital. More than one of us have attempted to analyze and simplify that
volume, with not too much success perhaps. In fact, a witty friend and commentator has
suggested that what is now required is an explanation by Marx of our explanations of him. I am
often asked what is the best succession of books for the student to acquire the fundamental
principles of Socialism. The question is a difficult one to answer. But, by way of suggestion, one
might say, first, Engels' Socialism, Scientific And Utopian, then the present work, the first volume
of Capital, and the Student's Marx. My small part in the preparation of this work has been reading
the manuscript, making a few suggestions as to English forms of expression, dividing the work up
into chapters and naming the chapters, and revising the proofs for press. All the rest, and by far
the most important part, of the work has been done by her whose name appears on the title page.
The present volume has already been translated into German.
Edward Aveling.