Value, price and profit - Karl Marx

IWMA 1864 (image from

Speech by Marx to the First International Working Men's Association, June 1865

Although delivered as a speech, this paper remained unpublished until after Marx's death.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 workings 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 without the misunderstandings and misrepresentations present in many 'introductions' written by other authors - libcom

21,000 words

Written: between end of May and June 27, 1865;
First published: 1898;
Edited: by Eleanor Marx Aveling;
HTML Mark-up: Mike Ballard,, 1995 for