What is value? This question has perplexed the human mind for more than 2,000 years. The classical bourgeois economists grappled with the question, as did Marx. After much deliberation, they correctly hit upon the idea that labor was the source of value. This, then, became a cornerstone of bourgeois political economy, beginning with Adam Smith. On this question, there was common ground between Marx and the classical bourgeois economists.

The ideas of Marx have never been more relevant than they are today. This is reflected in the thirst for Marxist theory at the present time. In this article, Alan Woods deals with the main ideas of Karl Marx and their relevance to the crisis we're passing through today.

Frequently asked questions

thumb faq

What are we fighting for?

thumb feesmustfall

Subscribe our newsletter!

Name:
Email: