Labor time

Definition and stakes

Portrait of Karl Marx Karl Marx,  A Contribution to the Critique of Political Economy (1904)

“ The labor-time of the individual is thus, in fact, the labor time which society requires for the production of a certain use-value, i.e., for the satisfaction of a certain want. But the question that interests us here is as to the specific form in which labor acquires a social character. Let us suppose that a certain quantity of labor-time of a spinner is realized in 100 lbs. of yarn. Suppose 100 yards of linen, the product of the weaver, represent the same quantity of labor-time. ”
Source: Wikisource

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