...understood as socially necessary labour; that is to say, the labour " required to produce an article under the normal conditions of production, and with...of skill and intensity prevalent at the time." This labour must be embodied in a commodity whose utility is recognised by the social opinion of the time...

...than is socially necessary. The labour-time socially necessary is that required to produce an article under the normal conditions of production, and with...degree of skill and intensity prevalent at the time. The introduction of power-looms into England probably reduced by one-half the labour required to weave...

...than is socially necessary. The labour-time socially necessary is that required to produce an article under the normal conditions of production, and with...degree of skill and intensity prevalent at the time. The introduction of power-looms into England probably reduced by one-half the labour required to weave...

...innumerable individual units. . . . The labour-time socially necessary is that required to produce an article under the normal conditions of production, and with...degree of skill and intensity prevalent at the time." l Very well. Then, presumably, instead of taking one labourer as against another, one workshop where...

...— which measures value. " The labor-time socially necessary is that required to produce an article under the normal conditions of production, and with...degree of skill and intensity prevalent at the time." (Capital, p. 4.) The socially necessary labor is the average labor necessary to produce a commodity...

...Produce of Labour. 2 Capital, p. 6 ; see for full quotation. Part I. chap. i. to produce an article under the normal conditions of production, and with...degree of skill and intensity prevalent at the time." l 2. " Skilled labour counts only as simple labour intensified, or rather, as multiplied simple labour,...

...Produce of Labour. 2 Capiral, p. 6 ; see for full quotation. Part I. chap. i. to produce an article under the normal conditions of production, and with...degree of skill and intensity prevalent at the time." l 2. "Skilled labour counts only as simple labour intensified, or rather, as multiplied simple labour,...

...than is socially necessary. The labour-time socially necessary is that required to produce an article under the normal conditions of production, and with...degree of skill and intensity prevalent at the time. The introduction of power-looms into England probably reduced by one-half the labour required to weave...

...socially necessary. The labour-time socially necessary is that required to produce an article undeB the normal conditions of production, and with the...degree of skill and intensity prevalent at the time. The introduction of power looms into England probably reduced by one half the labour required to weave...

...the socially necessary labor-time that is required to produce an article under the normalconditions of production and with the average degree of skill and intensity prevalent at the time." 'l Value, then, is determined by cost of production as measured in labor-time. Such, in brief, is the...