Karl Marx's Capital Volume 1
Part 6 - Wages
Chapter 19 - The Transformation of the Value (and Respective Price) of Labour-Power into Wages.
This video is a look at Chapter 19 of Marx's Capital, The Transformation of the Value of Labour-Power into Wages. Marx examines the wage form to argue that the existence of the wage hides the fact that what the labourer sells is their Labour-Power and not Labour, which also hides the exploitation in production. He also briefly discusses Supply and Demand.
0:00 - Part 6 Wages
0:08 - Chapter 19 Transformation of Labour-Power into Wages
0:40 - Labour-Power not Labour
01:55 - Labour cannot have Value
03:58 - How wages hide exploitation
05:43 - Supply and Demand
The audio from this series of reading and understanding Karl Marx's 3 Volumes of Capital will also be uploaded on my soundcloud for easy listening: / dissidenttheory
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A full online copy of Marx's Capital Volume 1 can be found here: www.marxists.org/archive/marx...
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