A Contribution to the Critique of Political EconomyMarx, Karl
Philosophy
A Contribution to the Critique of Political Economy
Marx, Karl
Economics; Marxian economics
It is wrong to speak of labor in so far as it is applied to the
production of use-values as of _the only_ source of wealth, namely,
the material wealth produced by it. Being an activity intended to
adapt materials to this or that purpose, it requires matter as a
prerequisite. In different use-values the proportion between labor
and raw material varies greatly, but use-value always has a natural
substratum. Labor, as an activity, directed to the adaptation of raw
material in one form or another, is a natural condition of human
existence, a condition of exchange of matter between man and nature,
independent of all social forms. On the contrary, labor producing
exchange value is a specifically social form of labor. Tailoring, e.
g., in its material manifestation as a distinct productive activity,
produces a coat, but not the exchange value of the coat. The latter
is produced not by the labor of the tailor as such, but by abstract
universal labor, and that belongs to a certain organization of society
which has not been brought about by the tailor. Thus, the women under
the ancient system of house industry made coats without producing the
exchange value of the coats. Labor as a source of material wealth was
known to Moses, the legislator, as well as to Adam Smith, the customs
official.[9]
Let us consider now some propositions which follow from the
determination of exchange value by labor-time.
As a use-value, every commodity owes its usefulness to itself. Wheat,
e. g., serves as an article of food. A machine saves labor to a certain
extent. This function of a commodity by virtue of which it serves only
as use-value, as an article of consumption, may be called its service,
the service which it renders as use-value. But as an exchange value,
a commodity is always regarded as a result; the question in this case
is not as to the service which it renders, but as to the service[10]
which it has been rendered in its production. Thus, the exchange value
of a machine is determined not by the quantity of labor-time which it
saves, but by the quantity of labor-time which has been expended on
its own production and which is, therefore, required to produce a new
machine of the same kind.
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