Marx's Labor Theory of Value
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This paper briefly analyzes Karl Marx's Labor Theory of Value. It looks at the way that it is introduced in "The Communist Manifesto" in 1848 and the discusses how the ideas developed in his book "Das Kapital."
From the Paper:"Karl Marx, champion of the fabled proletariat, criticized capitalism as a means of alienating man from his labor. Specialization and the division of labor, bourgeois control over the means of production, and the advent of machine-powered industry all combined to establish capitalism as the enemy of the common workingman. In the new configuration, capitalism concentrated wealth and property in the hands of the few, while the labor of the many sustained the system. Marx's Labor Theory of Value deals with the nature of proletarian labor, and how it suffers under the capitalist construct."
Cite this Analytical Essay:
Marx's Labor Theory of Value (2003, May 27) Retrieved April 20, 2021, from https://www.academon.com/analytical-essay/marx-labor-theory-of-value-27160/
"Marx's Labor Theory of Value" 27 May 2003. Web. 20 April. 2021. <https://www.academon.com/analytical-essay/marx-labor-theory-of-value-27160/>