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- Abstract_labour_and_concrete_labour abstract "Abstract labour and concrete labour refer to a distinction made by Karl Marx in his critique of political economy. It refers to the difference between human labour in general as economically valuable time, and human labour as a particular activity that has a specific useful effect. As economically valuable time, human labour is spent to add value to products or assets (or conserve their capital value, or transfer product-value from inputs to outputs). In this sense, labour is an activity which creates/maintains economic value pure and simple, which can be realized as a sum of money after labour's product is sold or acquired. The value-creating ability of labour is most clearly visible when all labour is stopped. If all labour is withdrawn, the value of the capital assets worked with will normally deteriorate, and in the end, if labour is permanently withdrawn, nothing will be left except a ghost town situation.As a useful activity of a particular kind, human labour can have a useful effect in producing particular tangible products which are used by others, or by the producers themselves. In this sense, labour is an activity which creates use-values, i.e. tangible products, results or effects which can be used or consumed. The creation of use-values is highlighted, when goods and services of poor quality are created, which are not supplied on time and mainly useless to the consumer. Labour must be applied to produce usable products, regardless of how much they are sold for, otherwise there are no use-values. If labour produces useless products or results, it is simply a waste of labour-time.So, Marx argues that human work is both (1) an activity which, by its useful effect, helps to create particular kinds of products, and (2) in an economic sense a value-forming activity that, if it is productively applied, can help create more value than there was before. If an employer hires labour, the employer thinks both about the value that the labour can add within his business, and about how useful the labour service will be for his business operations. That is, the right kind of work not only needs to get done, but it needs to get done in a way that it helps the employer to make money. If the labour adds no value, then the employer makes no money from it, and the labour will be only an expense to him.".
- Abstract_labour_and_concrete_labour thumbnail Twofold_labour.svg?width=300.
- Abstract_labour_and_concrete_labour wikiPageID "2661602".
- Abstract_labour_and_concrete_labour wikiPageRevisionID "604580756".
- Abstract_labour_and_concrete_labour hasPhotoCollection Abstract_labour_and_concrete_labour.
- Abstract_labour_and_concrete_labour subject Category:Marxist_theory.
- Abstract_labour_and_concrete_labour comment "Abstract labour and concrete labour refer to a distinction made by Karl Marx in his critique of political economy. It refers to the difference between human labour in general as economically valuable time, and human labour as a particular activity that has a specific useful effect. As economically valuable time, human labour is spent to add value to products or assets (or conserve their capital value, or transfer product-value from inputs to outputs).".
- Abstract_labour_and_concrete_labour label "Abstract labour and concrete labour".
- Abstract_labour_and_concrete_labour label "Abstrakte Arbeit".
- Abstract_labour_and_concrete_labour label "Trabajo bifacético".
- Abstract_labour_and_concrete_labour sameAs Abstrakte_Arbeit.
- Abstract_labour_and_concrete_labour sameAs Trabajo_bifacético.
- Abstract_labour_and_concrete_labour sameAs m.07w4pf.
- Abstract_labour_and_concrete_labour sameAs Q333322.
- Abstract_labour_and_concrete_labour sameAs Q333322.
- Abstract_labour_and_concrete_labour wasDerivedFrom Abstract_labour_and_concrete_labour?oldid=604580756.
- Abstract_labour_and_concrete_labour depiction Twofold_labour.svg.
- Abstract_labour_and_concrete_labour isPrimaryTopicOf Abstract_labour_and_concrete_labour.
