If the length of the working day remains the same, this results in an increase in the surplus labour time and the rate of surplus value.
12.
Those systems can contain registers that describe the labour time spend to produce products, but those registers are not regularly called time books, but timesheets.
13.
He concludes that the law of value cannot directly regulate commodity prices in capitalist production, but only indirectly ( prices of production are constrained by comparative costs in labour time ).
14.
Marx regarded the law of value as analogous to an objective physical law, since people could never escape from the fact that the products they consumed presupposed an objective cost in human labour time.
15.
Marx's answer is that " real value " is essentially the normal labour cost involved in producing it, its real production cost, measured in units of labour time or in cost-prices.
16.
Because flowers bloom at varying times of the year, and some plants are annual and perennial flower beds, careful design also takes the labour time, and the color pattern of the flowers into account.
17.
The surplus value / product is the materialized surplus labour or surplus labour time, while the necessary value / product is materialized necessary labour in regard to workers, like the reproduction of the labour power.
18.
This average time necessary to produce the commodity Marx called the " socially necessary labour time " Socially necessary labour time was the proper basis on which to base the " exchange value " of a given commodity.
19.
This average time necessary to produce the commodity Marx called the " socially necessary labour time " Socially necessary labour time was the proper basis on which to base the " exchange value " of a given commodity.
20.
Marx however argues in the first chapters of Das Kapital that most of such costs ( i . e . insofar as they refer to reproducible goods ) are again reducible to direct and indirect costs in human labour time.
