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

In: VALUE, CAPITALIST DYNAMICS, AND MONEY

Author

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  • Karl Marx

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)

Suggested Citation

  • Karl Marx, 2000. "Value, Price, and Profit (Abridged): An Introduction to the Theory of Capitalism," RESEARCH IN POLITICAL ECONOMY, in: Paul Zarembka (ed.), VALUE, CAPITALIST DYNAMICS, AND MONEY, volume 18, chapter 1, pages 3-39, Paul Zarembka.
    • Handle: RePEc:rpe:chaptr:marx
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    File URL: http://www.acsu.buffalo.edu/~zarembka/Marx.htm
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    Cited by:

    1. Emilio Diaz & Francisco Velasco, 2016. "The Transformation of Values into Prices of Production in Marx’s Scheme of Expanded Reproduction," Review of Radical Political Economics, Union for Radical Political Economics, vol. 48(3), pages 394-416, September.

    More about this item

    Keywords

    Marx; capitalism; value; profit;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General

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