Answers to questions about "Wage Labour and Capital"
RIGHT! Labor power is potential for work. The capitalist is buying labor power when he/she hires someone. Please continue to the next question
The distinction between labor and labor power is absolutely critical in further lessons. Please read the essay or just try another answer
The distinction between labor and labor power is absolutely critical in further lessons. Please read the essay or just try another answer
The distinction between labor and labor power is absolutely critical in further lessons. Please read the essay or just try another answer
I used to operating a drilling machine that drilled holes in metal product. Every hole I drilled increased the value of the product, even though there was less metal in it. Go figure! Please read the essay or just try another answer
If we were talking about price, not value, this might not be a bad answer .Under today's conditions of monopoly, the seller often does set the price, but not the value. Please read the essay or just try another answer
Buyers in a "buyers' market" may influence prices, but not values. Please read the essay or just try another answer
This is the answer that conventional economists would probably favor. They teach wide-eyed college students that value suddenly and magically appears during buying and selling. It's the "invisible hand" of the market. If it were true, then commodities might sell at any price whatsoever. But they don't. Their price varies above or below their value, and their value does not come from magic! Please read the essay or just try another answer
RIGHT! Value comes from the amount of labor it takes to produce a given commodity. If two commodities generally sell for the same average price, you can bet that they have similar amounts of labor in them! Please advance to the next question.
Employers would like to assign the values of their employees, but they don't. Please read the essay or just try another answer
We usually think we're worth more than we're getting, so employees don't get to assign their own value. Please read the essay or just try another answer
RIGHT! The value of labor power comes the same way it comes to any other commodity. Please continue to the next question
Even if they did agree to it, which they couldn't, one day -- they would be fighting over it the next. Please read the essay or just try another answer
RIGHT! Capital is congealed labor of the past. Please skip to the next question
If we were studying bookkeeping, not economics, this might be the right answer. But it's not. Please read the essay or just try another answer
If this were true, then rabbits would have a lot more value than anything else. Please read the essay or just try another answer
"Normal" and "average" conditions come up a lot in macro-economics. Please read the essay or just try another answer
Workers are always saying that the boss would make more money if he paid them more, because they would be happy then and production would increase. But what the boss wants is more productivity at lower wages, so he gets more profit both ways! Please read the essay or just try another answer
If wages were falling, the boss would be making more profit. Please read the essay or just try another answer
RIGHT! It's a pivot point for the class struggle. Thanks for working this little lesson. Your feedback is important
They affect one another tremendously. One can't even exist without the other. Please read the essay or just try another answer