Understanding Marx's Capital Volume 1 Chapter 7 - Labour and Producing Surplus-Value (Section 2)

Karl Marx's Capital Volume 1
Part 3 - The Production of Absolute Surplus-Value
Chapter 7 - The Labour-Process and the Process of Producing Surplus-Value
Section 2 - The Production of Surplus-Value

00:00 - Labour Creates Surplus-Value
00:55 - What Do Capitalists Want?
01:55 - Labour Theory of Value
04:46 - What is the Value of Labour-Power?
06:43 - The Labourer Works Longer Than Needed
09:17 - Capitalism and Profits

This video is a look at Chapter 7 of Marx's Capital, The Labour-Process and the Process of Producing Surplus-Value. In Section 2, we'll be looking at how Value is created and transfered in the labour process and finally explaining how Surplus-Value is created in the M-C-M' circuit.



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