Value, Price and Profit

"Value, Price and Profit" (German: "Lohn, Preis und Profit") was a speech given to the First International Working Men's Association in June in 1865 by Karl Marx. It was written between the end of May and June 27 in 1865, and was published in 1898.

Karl Marx polemicised against the viewpoint of John Weston that "(1) that a general rise in the rate of wages would be of no use to the workers; (2) that therefore, etc., the trade unions have a harmful effect".

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