<p>explains Marx’s core economic doctrine that the value of commodities is determined by the labour-power embodied in them and how this underpins the exploitation of the working class.<br>
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explains Marx’s core economic doctrine that the value of commodities is determined by the labour-power embodied in them and how this underpins the exploitation of the working class.

The Labour Theory of Value

This is a series of short introductions to the ideas of Marx and Marxism by Marxist writer, John Molyneux. John is the author of numerous books and articles on Marxism including Marxism and the Party, What is the Real Marxist Tradition? and The Point is to Change It! An introduction to Marxist Philosophy and he is editor of the Irish Marxist Review.

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The Labour Theory of Value

The Labour Theory of Value