Unpacking Marxism: Value, Labor, and Society

This chapter examines the Marxist labor theory of value, arguing how commodities are valued based on the labor required for their production. It critiques capitalism's exploitation of workers through surplus value while exploring the subjective nature of value beyond just labor time. The chapter also discusses Marxism's philosophical foundations and its implications in contemporary Indian society, emphasizing the socio-political dynamics shaped by historical struggles and conflicts.