of human labour Marx concludes that what determines the relative values of diffierent commiodities is the relative amounts of socially necessary labour necessary to produce then».
Once this is understood, it then becores possible to explain the real nature of the wage contract and the source of the capitalisc's profit. For whar the worker actually sells to ibe capitalist is mot her or his labour ile. an actual expenditure of brain and muscle, rather ber or his capacity to work, whar Marx calli laboar power.
To pur it unocher way, the capitalist bires a worker to come to the factory on a certain day SIA DC HOATEO ACTORB MIAETE002 dS pur in front of her/him; the capitalist does not bure an agroed expenditure of passical dE McDtal coergy.
Having fooked at the wape contract from the point of view of the worker, let us now look at it from the position of the capitalist. The capitalist possenes money and wishes to Future articles in this series will deal with other
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explains that workers today continue to perform unpaid labour although this is disguised by the wage. fundamental questions of Marxist analysis, as well as articles on working class history. IN