General Marx's Theories Essay Example | Topics and Well Written Essays - 500 words

General Marxs Theories - Essay ExampleMarx gives reasons as for the need for such assessment. Value is social because it is determined by the total result of the displace efforts of each individual producer objective because it is given, upon the completion of the production of a given commodity, and becomes independent from personal or collective valuations of customers on the marketplace it is historically relative because it is linked to each important change, progress or otherwise, of the average productivity of labor in a given segment of output, including transportation and agriculture. This does not, however, average that Marxs concept of value is detached from consumption. He only distinguishes between the living labor and dead labor, like tools and raw materials. But he says set determine prices only basically and in the medium-term sense of the word. Marx respects the operation of market laws, also of a law of supply and de compositiond, in determining the short fluctua tions. The Communist Manifesto declares, The bourgeoisie, wherever it has got the upper hand, has put an end to all feudal, patriarchal, idyllic relations and has left no other nexus between man and man than naked self-interest(Communist Manifesto) Marx does treat labor as a commodity but one can not say that his value theory is unscientific and wrong. His observation should not be read in isolation. Karl Korsch points out, It was never the intention of Marx to descend from the general idea of value as expounded in the head start volume of Capital, by means of ever closer determinants to a direct determination of the price of commodities.