• Theories of Surplus-Value

    Karl Marx.


    Moscow: Progress Publishers, 1968-71. Three octavo volumes. Blue boards inside cream paper wraps with blue titling, all with minor smudges, volume one has an inch tear at the top of the back, volume two a light damp-stain in the same spot (not affecting the board or the text block). The first volume is a second printing, the others are first printings. Near fine.


    Imported from the U.S.S.R. by way of Chicago. Volume IV of Das Kapital. In these volumes Marx grapples with the most important and difficult question that all economists must face: how does one account for the surplus, the excess, the accursed share produced by conditions of abundance, not scarcity? The question remains unresolved, but Marx offers students of the economy a profound commentary in this set, printed in the heart of the Soviet empire and the height of its power.


    "Labour time as the measure of value posits wealth itself as founded on poverty, and disposable time as existing in and because of the antithesis to surplus labour time; or, the positing of an individual’s entire time as labour time, and his degradation therefore to mere worker, subsumption under labour. The most developed machinery thus forces the worker to work longer than the savage does, or than he himself did with the simplest, crudest tools."


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