Value, Price & Profit – Karl Marx

Karl Marx – Value, Price & Profit

KARL MARX – VALUE, PRICE & PROFIT

Excerpt from Value, Price and Profit

The circumstances under which this paper was read are narrated at the beginning of the work. The paper was never published during the lifetime of Marx. It was found amongst his papers after the death of Engels.

Among many other characteristics of Marx, this paper shows two especially. These are his patient willingness to make the meaning of his ideas plain to the humblest student, and the extraordinary clearness of those ideas.

In a partial sense the present volume is an epitome of the first volume of Capital. More than one of us have attempted to analyze and simplify that volume, with not too much success perhaps. In fact, a witty friend and commentator has suggested that what is now required is an explanation by Marx of our explanations of him.

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