Abstract

There is no more intriguing or provocative argument in the Marxian corpus; it is the theoretical and rhetorical heart of Capital; not surprisingly, it is the locus of endless controversy: capitalist profit is possible, Marx argues, only because the capitalist is able to find on the market a unique commodity that possesses ‘the specific use-value ... of being a source not only of value, but of more value than it has itself.’ This commodity is labor power, the capacity to work, which, Marx insists, must be sharply distinguished from the activity of laboring, since it is precisely this distinction that lays bare capitalism’s essence, revealing it to be —exploitation.

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