Labour and Value @ Marx Memorial Library, London [18 April]

Labour and Value

19:00 - 20:30

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Marx Memorial Library
37A Clerkenwell Green, EC1R 0DU London, United Kingdom
Part of a series of 4 classes by Simon Renton on 'Labour, Value and Exploitation. An Introduction to Marx's Economics.'

Question 1 What arguments are used currently to persuade working people to accept lower living standards/not to struggle for better wages and conditions and what evidence can be advanced to defend the role of trade unions today? How are these arguments different from Marx's day?

Question 2 Why did Marx insist that the value of a commodity was determined by the amount of ‘SOCIAL labour’ required to produce it and what did he mean by 'social labour'? Is this more or less relevant today?

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