Marxian Value Analysis Reveals Systematic Exploitation of Labour in Capitalist Economy
The article discusses how Marx used the labor theory of value to measure labor exploitation in capitalist economies. In feudal times, surplus was clear as serfs worked for lords after tending to their own land. But in capitalism, with fair exchanges, how does surplus arise? Marx aimed to explain how profits come about in a competitive market where all factors, like labor, are paid their fair value.