The book Essays in Socialism New And Old was written by author Bax Ernest Belfort Here you can read free online of Essays in Socialism New And Old book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Essays in Socialism New And Old a good or bad book?
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On being arbitrarily thrust into the arena of commodities it takes on their colour. The appropriator of uncultivated land or virgin soil CONCEPTION OF VALUE 135 says in effect Met it be assumed that this land is a commodity having a Value as though it were a pro- duct of human labour ' ; and thus from being the TrptoTi) v\rj, the formless matter of things economic out of which the eWeXe^eta of human labour creates values, but without any Economic-Value in itself it is treated as though it were ...in itself an embodiment of human labour, and, therefore, as though it had such a Value. In Economic-Value, the differences of quality in labour are eliminated. The abstract human labour that determines Value is that labour which on an average exists in the capacity of any ordinary indivi- dual. 'Simple average labour, ' as Marx says, 'varies in character in different countries and at different times, but in a particular society it is given. Skilled labour counts only as simple labour intensified, or rather multiplied, a given quantity of skilled being considered equal to a greater quantity of simple labour.
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