Marx's Labor Theory of Value Analytical Essay by Research Group

Marx's Labor Theory of Value
A discussion of this theory by Karl Marx and its development through his literature.
# 27160 | 742 words | 2 sources | MLA | 2002 | US
Published on May 27, 2003 in Economics (General) , Political Science (Marx / Engels)

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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."

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