[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-40930-en":3,"doc-seo-40930-105":30,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},40930,13056703019662,"Evangeline","https://ap-avatar.wpscdn.com/avatar/be000253a8e92610077?_k=1778726343310543188",8,"Research & Report","Value, Price and Profit","Karl Marx’s address delivered to the General Council of the First International in June 1865 examines whether workers’ conditions can improve through wage increases and whether trade-union efforts harm other industries. It records the debate surrounding John Weston’s proposals and Marx’s need to refute them, linking wages to commodity value and discussing how profits and prices relate to underlying economic determinations. The work’s opening frames the social and theoretical stakes of the dispute.","Karl Marx  \nValue, Price and Profit  \nSource: Marx, Karl. Value, Price and Profit. New York: International Co., Inc, 1969;  \nWritten: between end of May and June 27, 1865;  \nFirst published: 1898;  \nEdited: by Eleanor Marx Aveling;  \nHTML Mark-up: Mike Ballard, [miballard@stanford.edu](miballard@stanford.edu), 1995; Proofed: and corrected by Brandon Poole, 2009, Mark Harris 2010.  \nTable of Contents  \nIntroduction ................................................................................................................................. 2  \nPreface ......................................................................................................................................... 4  \nPreliminary .............................................................................................................................. 5  \nI. Production and Wages.......................................................................................................... 5  \nII. Production, Wages, Profits ................................................................................................. 6  \nIII. Wages and Currency........................................................................................................ 10  \nIV. Supply and Demand ........................................................................................................ 12  \nV. Wages and Prices .............................................................................................................. 13  \nVI. Value and Labour ............................................................................................................ 15  \nVII. Labour Power ................................................................................................................. 19  \nVIII. Production of Surplus Value......................................................................................... 20  \nIX. Value of Labour .............................................................................................................. 21  \nX. Profit is Made by Selling a Commodity at its Value ........................................................ 22  \nXI. The Different Parts into which Surplus Value is Decomposed ....................................... 23  \nXII. General Relation of Profits, Wages, and Prices ............................................................. 24  \nXIII. Main Cases of Attempts at Raising Wages or Resisting their Fall ............................... 26  \nXIV. The Struggle Between Capital and Labour and its Results .......................................... 29  \nIntroduction 1  \nThe present work is an address delivered by Karl Marx at two sessions of the General Council of the First International on June 20 and 27, 1865. The circumstances which led to this report are briefly as follows:  \nAt the session of the General Council on April 4, 1865, John Weston, an influential member of the General Council and English workers’ representative, proposed that the General Council should discuss the following questions:  \nCan the social and material prospects ofthe working class be in general improved by wage increases? Do not the efforts of the trade unions to secure increases have a harmful effect on other branches of industry?  \nWeston declared that he would uphold a negative answer to the first question and a positive answer to the second one.  \nWeston’s report was delivered and discussed at the session of the Council on May 2 and 20. In a letter to Engels of May 20, 1865, Marx refers to this as follows:  \n“This evening a special session of the International. A good old fellow, an old Owenist, Weston (carpenter) has put forward the two following propositions, which he is continually defending in the Beehive: (1) that a general rise in the rate of wages would be of no use to the workers; (2) that therefore, etc., the trade unions have a harmful  \neffect.  \n“If these two propositions, in which he alone in our society believes, were acce","cbCaio4RasBOOb54","https://ap.wps.com/l/cbCaio4RasBOOb54","pdf",527581,7,1,32,"English","en",105,"# Introduction\n## Historical background of the sessions\n## Weston’s propositions and the debate\n## Marx’s planned refutation and theoretical explanation","[{\"question\":\"What questions did John Weston propose the General Council discuss in 1865?\",\"answer\":\"Weston proposed whether the working class’s social and material prospects could generally improve through wage increases, and whether trade unions’ efforts to secure raises have a harmful effect on other branches of industry.\"},{\"question\":\"How did Marx describe the key points he would address in refuting Weston?\",\"answer\":\"Marx indicated two main points: that workers’ wages determine the value of commodities, and that if capitalists pay higher wages today, they sell commodities at correspondingly higher prices tomorrow due to increased demand.\"},{\"question\":\"What role did Marx’s counter-report and the proposed publication play in the debate?\",\"answer\":\"After Weston’s views faced criticism from Marx and Wheeler, proposals were made for publishing the reports of Marx and Weston, with Marx also explaining that the second part would provide a theoretical explanation suited to the occasion.\"}]",1783316872,81,{"code":4,"msg":31,"data":32},"ok",{"site_id":25,"language":24,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":87,"head_meta":89,"extra_data":91,"updated_unix":28},"value-price-and-profit","",{"@graph":36,"@context":86},[37,54,69],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,51],{"item":41,"name":42,"@type":43,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":50},"https://docshare.wps.com/document/research-report/",3,{"item":52,"name":13,"@type":43,"position":53},"https://docshare.wps.com/document/value-price-and-profit/40930/",4,{"url":52,"name":13,"@type":55,"author":56,"headline":13,"publisher":58,"fileFormat":61,"inLanguage":24,"description":14,"dateModified":62,"datePublished":63,"encodingFormat":61,"isAccessibleForFree":64,"interactionStatistic":65},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":41,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-07-21","2026-07-06",true,{"@type":66,"interactionType":67,"userInteractionCount":20},"InteractionCounter",{"@type":68},"ViewAction",{"@type":70,"mainEntity":71},"FAQPage",[72,78,82],{"name":73,"@type":74,"acceptedAnswer":75},"What questions did John Weston propose the General Council discuss in 1865?","Question",{"text":76,"@type":77},"Weston proposed whether the working class’s social and material prospects could generally improve through wage increases, and whether trade unions’ efforts to secure raises have a harmful effect on other branches of industry.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"How did Marx describe the key points he would address in refuting Weston?",{"text":81,"@type":77},"Marx indicated two main points: that workers’ wages determine the value of commodities, and that if capitalists pay higher wages today, they sell commodities at correspondingly higher prices tomorrow due to increased demand.",{"name":83,"@type":74,"acceptedAnswer":84},"What role did Marx’s counter-report and the proposed publication play in the debate?",{"text":85,"@type":77},"After Weston’s views faced criticism from Marx and Wheeler, proposals were made for publishing the reports of Marx and Weston, with 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