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Summary

**Value, Price, and Profit** by Karl Marx is a seminal work that distills the core principles of Marxist economic theory into a concise and accessible format. Originally delivered as a speech to the General Council of the First International in 1865, the text examines the dynamics of labor, wages, and profit within a capitalist system. Marx explains how the value of commodities is rooted in the labor required for their production, and he critiques the mechanisms by which capitalists extract surplus value from workers to generate profit. In doing so, he challenges the notion that raising wages alone can resolve systemic inequality, emphasizing the structural exploitation inherent in capitalism. This work serves as both an introduction to Marx's economic ideas and a call to action for addressing labor exploitation and economic injustice.

Duration: about 2 hours (01:33:14)
Publishing date: 2025-01-01; Unabridged; Copyright Year: — Copyright Statment: —

• Humanities & Social Sciences
• Business & Economics