
Karl Marx's "Capital" Vol. 1 (Part 4/4)
Theory & Philosophy
00:00
A Different Formula for the Rate of Surplus Value
Some political economists measured the rate of surplus value by comparing surplus labor, or dividing surplus labor by the working day. The problem with this formula is that it can never give a hundred %. And in this as in mark's words, it creates a value for the capitalist without costing human value him any value in return. That puts us here into part six, wages, with chapter 19, the transformation of the value and respect and respectively, the price of labor power into wages. So how does value turn into the number form of wages?
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