Sentences with phrase «average productivity socially»

Marx's argument is in Capital, that prices will reflect the fluctuating value component, as expressed in average productivity socially necessary labour expended in their production.

Not exact matches

So it isn't an exact model: if domestic servants value productivity differs from (say) video game programmers, the price of the commodities they contribute to won't express the actual number of human hours of labour, but only the number of hours of human labour that our society (through market, production, class war) deems socially average.

Marx's category of «value,» as in embodied crystalised realised socially necessary average productivity labour theory of value.