...sometimes hard to be understood, but there is no obscurity here. He says, " Some people might think that if the value of a commodity is determined by the quantity of labor spent on it, the more idle and unskilful the laborer, the more valuable would his commodity be, because...

...value of commodities." — Chapter I, Section 2, "Principles of Political Economy and Taxation." " The value of a commodity is determined by the quantity of labor expended during its production." — KARL MARX, "Capital," Chapter I. Despite this apparent identity...

...relative talue of commodities." — Chapter I, Section 2, " Principles of Political Economy and Taxation." "The value of a commodity is determined by the quantity of labor expended during its production." — KARL MARX, "Capital," Chapter L ceding one : (1) That of being...

...our present purpose it is not necessary to dwell any longer upon this point. It might seem that if the value of a commodity is determined by the quantity of labor bestowed upon its production, the lazier a man, or the clumsier a man, the more valuable his commodity,...

...its value only from the circumstance that it represents a certain amount of labor of man in general. The value of a commodity is determined by the quantity of labor it represents, measured by the time required. Naturally by "work" is to be understood here not individual...

...worth double what is usually the produce of one day's or one hour's labour." Karl Marx, also, held that "the value of a commodity is determined by the quantity of labour expended in its production." Accepting this as the "theory of value," it is necessary only to...

...evolved by classical political economy of which Ricardo was the last representative, and which formulated that the value of a commodity is determined by the quantity of labor time consumed in its production, Marx started to analyze the only thing the worker has left to sell,...

...crystals of this social substance common to them all (commodities) are — Values." Elsewhere he says " the value of a commodity is determined by the quantity of labor expended during its production." Utility under Labor Theory. — The holders of this theory recognize...

...which can be obtained without effort, or gratis, is unquestionably true. But that the magnitude of the value of a commodity is determined by the quantity of labor expended in its production, measured by standards of time, we deny. In reaching that conclusion Marx...

...Chapter VI of his Value, Price and Profit. " This, however," he continues, " would be a sad mistake. In saying that the value of a commodity is determined by the quantity of labour worked up or crystallised in it, we mean the quantity of labour necessary for its production."...