Labor-Power and Surplus-Value

From Capital, Volume 1 by Karl Marx
The capitalist purchases labor-power as a commodity whose use-value is the source of more value than it costs; surplus-value arises in the 'hidden abode of production,' not in exchange.
Vol. I, Ch. 6

Labor-power as the unique commodity whose consumption creates value, sold at its value (cost of reproduction).

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Vol. I, Ch. 6, closing

Famous passage leaving the 'noisy sphere' of exchange (where 'Freedom, Equality, Property, and Bentham' reign) for the 'hidden abode of production.'

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Vol. I, Ch. 7

The labor process and the valorization process; surplus-value as unpaid labor extracted beyond necessary labor-time.

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