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Explain Marx’s distinction between ‘labour’ and ‘labour-power’ and the role that it plays in his theory of value. Discuss whether cutting wages to almost nothing would successfully increase the rate of surplus value

Explain Marx’s distinction between ‘labour’ and ‘labour-power’ and the role that it plays in his theory of value. Discuss whether cutting wages to almost nothing would successfully increase the rate of surplus value

 

Explain Marx’s distinction between ‘labour’ and ‘labour-power’ and the role that it plays in his theory of value. Discuss whether cutting wages to almost nothing would successfully increase the rate of surplus value.

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