Mary Edna Tobias Marcy

Biographical details

Mary Edna Tobias Marcy,  Shop Talks on Economics — How Profits are Made (1911)

“ For the things he gets for his labor-power contain only two hours of labor, while the things he produces, and which are claimed by the capitalist, contain ten hours of labor.
The miner sells his labor-power and, naturally, the capitalist desires to use it as profitably (for himself) as possible. If the wage-worker demanded commodities in exchange for his products, containing an equal quantity of labor, he would no longer be a wage-worker, for capitalists would no longer employ him. There would be nothing—no surplus value—left for the capitalists.
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Source: Wikisource

Mary Edna Tobias Marcy,  Shop Talks on Economics — Wages (1911)

“ If the capitalist producing this commodity, for which there is a suddenly increased demand, is able to get higher prices for it, will this attract other capitalists into the same field of production in the hope of securing bigger profits?
What happens when several big capitalists fight for a field of production where prices are high? Do prices fall?
Do these capitalists remain producing a commodity after its price falls so low that they cannot make the average rate of profit?
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Source: Wikisource

Mary Edna Tobias Marcy,  Shop Talks on Economics — How Profits are Made (1911)

“ Socialists propose the ownership, in common, of the mines, mills, factories and land, of all the productive industries, by the workers of the world.
When you and I and our comrades own the factory in which we work, we will no longer need to turn over to anybody the commodities we have produced. We shall be joint owners of the things we have made socially. We shall demand labor for labor in the exchange of commodities. This is the kernel of socialism. It proposes to make men and women of us instead of commodities to be bought and sold upon the cheapest market as men buy shoes or cows.
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Source: Wikisource

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