Thursday, October 25, 2018

Excess Value

The capitalist does not produce a commodity for its own sake, nor for the sake of its use value, or his personal consumption.  The product in which the capitalist is really interested is not the palpable product itself, but the excess value of the product over the value of the capital consumed by it.

-- Karl Marx (5 May 1818 - 14 March 1883), German political philosopher and economist, in Das Kapital (Capital: Critique of Political Economy), Volume III, edited by Friedrich Engels (1894), Chapter II, The Rate of Profit, p. 41

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