Marxβs invisible hand is the law of value: it explains how a market economy coordinates the division of labour, and therefore why the prices of commodities bear a lawful relationship to the labour time required to produce them.
Tag: labour
Coexisting labour: the substance of Marx’s labour values
On the key concept of coexisting labour.
The total working day
On the ultimate material constraint.
A production process
A production process is where labour transforms inputs into outputs.
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