Value, Price, and Profit (Abridged): An Introduction to the Theory of Capitalism

Karl Marx

Chapter 1 in VALUE, CAPITALIST DYNAMICS, AND MONEY, 2000, vol. 18, pp 3-39 from Paul Zarembka

Abstract: Marx's 1865 lectures offer an easily accessible summary of his theory, addressed to an English-speaking audience. However, one weakness preventing common usage (including classroom use) is the dialogue in the first twenty pages with one John Weston. This abridged version stays with the exact words used by Marx, while eliminating almost all reference to the dialogue with Weston. The currency of that time in its division into three units is also decimalized into its modern form. The result is more readable and modern, yet completely faithful to Marx's presentation. (Also on-line at www.acsu.buffalo.edu/~zarembka/Marx.htm)

Keywords: Marx; capitalism; value; profit (search for similar items in EconPapers)
JEL-codes: B41 B51 P10 (search for similar items in EconPapers)
Date: 2000
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