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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 worktime versus human labour as a particular activity that has a specific useful effect within the (capitalist) mode of production.
The authors argue that, according to Marx, the value of a commodity indicates the abstract labor time required for its production; however Marxists have been unable to identify a way to measure a unit (elementary particle) of abstract labor (indeed the authors argue that most have given up and little progress has been made beyond Marx's ...
Kenneth Lapides, Marx's Wage Theory in Historical Perspective: Its Origins, Development, and Interpretation. Westport: Praeger 1998. Makoto Itoh, The Basic Theory of Capitalism: The Forms and Substance of the Capitalist Economy. Barnes & Noble, 1988. Marcel van der Linden, The Workers and the World; Essays toward a Global Labour History. Leiden ...
Socially necessary labour time in Marx's critique of political economy is what regulates the exchange value of commodities in trade.In short, socially necessary labour time refers to the average quantity of labour time that must be performed under currently prevailing conditions to produce a commodity.
This is an accepted version of this page This is the latest accepted revision, reviewed on 3 February 2025. Economic and sociopolitical worldview For the political ideology commonly associated with states governed by communist parties, see Marxism–Leninism. Karl Marx, after whom Marxism is named. Friedrich Engels, who co-developed Marxism. Marxism is a political philosophy and method of ...
Marx separates it into two different types: concrete and abstract labor. [15] Concrete labor can be thought of as the unique characteristics of labor such as the work of a farmer versus a tailor. Abstract labor, on the other hand, is the general conceptualization of human labor. [16] It represents the expenditure of simple human labor power. [15]
It is important to note that Marx rejects, contra-classical political economy, any notions of the "value of labor" or "price of labor". Instead, it is labor itself (more specifically, abstract labor or general human labor) which is constitutive of value, the substance of value.
Marx located historical change in the rise of class societies and the way humans labor together to make their livelihoods. [1] Karl Marx stated that technological development can change the modes of production over time. This change in the mode of production inevitably encourages changes to a society's economic system. [citation needed]