The debt explosion: How neoliberalism fuels debt crises (with Radhika Desai & Michael Hudson)

"Value, Price and Profit" is a speech delivered by Karl Marx in 1865, later published as a pamphlet. It elucidates key concepts of Marxist economics, such as the labor theory of value, surplus value, and the relationship between wages, prices, and profits. Marx critiques the notion that wage increases necessarily lead to price increases, arguing that capitalists can absorb wage hikes through reduced profits. The text provides a concise overview of Marx's analysis of capitalist exploitation and the inherent contradictions within the capitalist mode of production. It serves as an accessible introduction to Marx's economic theories and their implications for the working class. The work emphasizes the importance of workers understanding the economic forces that shape their lives.