A Contribution to the Critique of Political EconomyMarx, Karl
Philosophy
A Contribution to the Critique of Political Economy
Marx, Karl
Economics; Marxian economics
them and at the same time serves to measure definite quantities of
their value. Corresponding quantities of different use-values, in which
the same quantity of labor-time is embodied, are equivalents; or, to
put it in another form, all use-values are equivalents when taken in
proportions containing the same quantity of expended, materialized
labor-time. As exchange values, all commodities are but definite
measures of _congealed labor-time_.
To understand how exchange value is determined by labor-time, the
following main points must be kept in mind: The reduction of labor to
simple labor, devoid of any quality, so to speak; the specific ways
and means by which exchange―value-creating, i. e., commodity producing
labor becomes _social labor_; finally, the difference between labor as
the producer of use-values, and labor as the creator of exchange values.
In order to measure commodities by the labor-time contained in them,
the different kinds of labor must be reduced to uniform, homogeneous,
simple labor, in short, to labor which is qualitatively the same, and,
therefore, differs only in quantity.
This reduction appears to be an abstraction; but it is an abstraction
which takes place daily in the social process of production. The
conversion of all commodities into labor-time is no greater abstraction
nor a less real process than the chemical reduction of all organic
bodies to air. Labor, thus measured by time, does not appear in reality
as the labor of different individuals. but on the contrary, the
various working individuals rather appear as mere organs of labor; or,
in so far as labor is represented by exchange values, it may be defined
as human labor in general. This abstraction of human labor in general
virtually exists in the average labor which the average individual
of a given society can perform―a certain productive expenditure of
human muscles, nerves, brain, etc. It is unskilled labor to which the
average individual can be put and which he has to perform in one way
or another. The character of this average labor varies in different
countries and at different stages of civilization, but appears fixed in
a particular society. Unskilled labor constitutes the bulk of all labor
performed in capitalist society, as may be seen from all statistics.
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