hayeks response to markxs exploitation
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Title: hayeks response to markxs exploitation

Essay Details:

Subject: Social Issues
Author: Ronald G
Date: July 23, 2010
Level: University
Grade:
Length: 3 / 768

Essay text:

Surplus value can be determined by the ?necessary labour time' which the workers must work in order to produce goods whose value is able to sustain themselves and their livelihood. However, the average worker in a Capitalist society simply can not go home once this value of work has been reached, they have to work a full working day in order to get paid their wages. This work that is performed after the necessary labour time is termed the ?surplus labour time'. As Conway (1987) explains, this is exploitation according to Marx because the Capitalist owners of the means of production were not making a reciprocal return to the workers for their surplus value...

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