Karl Marx s Concept Of Value And Real Value - 1875 Words

For more than one hundred years, Karl Marx’s ideas has shaped the political, economical and the ideological world by arguing against the free market system; a market in which distributes the majority of the world’s profit to corporations and businesses. Marx observed that this lead to an unequal distribution of wealth and resources, bringing forth class struggle and the exploitation of the working class. When I started my first job on Aeropostale at the age of 16, I never really took into account how much of my energy and time I devoted to my work unless I got my paycheck at the end. Needless to say, now with a basic knowledge of the role of workers and the capitalist class, the working environment in which I worked in a few years ago and our society today makes much more sense. Throughout professor Zarembka’s lectures, the concept of value and real value was continuously mentioned, making me think about the value of the clothing at Aeropostale. Marx described value as something that is created by production labor and scarcity. Smith states, â€Å"The real price of every thing, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it. What every thing is really worth to the man who has acquired it, and who wants to dispose of it or exchange it for something else, is the toil and trouble which it can save to himself, and which it can impose upon other people.† (Smith. 1776) In simpler terms, value is the amount of laborShow MoreRelatedWhy Marx s Social Theory Place So Much Emphasis On Class Conflict And The Economic Aspects Of Society? Essay1524 Words   |  7 Pagesdoes Marx s social theory place so much emphasis on class conflict and the economic aspects of society? Karl Marx is one of the most influential and revolutionary philosopher, economist and sociologist of the 19th century. 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