Value, Price & Profit

A speech by Marx to the First International Working Men’s Association, June 1965. Written: Between end of May and June 27, 1865; First published: 1898; Edited: by Eleanor Marx Aveling.

Although delivered as a speech, this paper remained unpublished until after Marx’s death. It reads like a condensed version of Capital Volume 1, and contains Marx’s essential arguments about the working of capital. Although we highly recommend reading Capital Volume 1 for a thorough understanding of capitalist economics, this volume provides an excellent introduction to Marx’s ideas.