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A use-value, or useful article, therefore, has value only because abstract human labour is objectified or materialized in it. How, then, is the magnitude of value to be measured? By means of the quantity of the "value-forming substance", the labour, contained in the article. This quantity is measured by its duration, and the labour-time is itself measured on the particular scale of hours, days etc.
A use-value, or useful article, therefore, has value only because abstract human labour is objectified or materialized in it. How, then, is the magnitude of value to be measured? By means of the quantity of the "value-forming substance", the labour, contained in the article. This quantity is measured by its duration, and the labour-time is itself measured on the particular scale of hours, days etc.
Approximate author period: c. 1850 AD · industrial
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- Karl Marx
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- Approximate author period: c. 1850 AD · industrial
Approximate author-period anchor from life dates 1818 to 1883; Wikidata Q9061, https://www.wikidata.org/wiki/Q9061 (accessed 2026-10-08). Not a quotation composition date.
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