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資本論 CHAPTER 9: THE RATE OF SURPLUS-VALUE

作者:(德)卡爾·馬克思 分類:其他 更新時間:2026-08-10 18:48:22

Section

1:

The

Degree

of

Exploitation

of

Labour-Power

The

surplus-value

generated

in

the

process

of

production

by

C,

the

capital

advanced,

or

in

other

words,

the

self-expansion

of

the

value

of

the

capital

C,

presents

itself

for

our

consideration,

in

the

first

place,

as

a

surplus,

as

the

amount

by

which

the

value

of

the

product

exceeds

the

value

of

its

constituent

elements.

The

capital

C

is

made

up

of

two

components,one,

the

sum

of

money

c

laid

out

upon

the

means

of

production,

and

the

other,

the

sum

of

money

v

expended

upon

the

labour-power;

c

represents

the

portion

that

has

become

constant

capital,

and

v

the

portion

that

has

become

variable

capital.

At

first

then,

C

=

c

v:

for

example,

if

£500

is

the

capital

advanced,

its

components

may

be

such

that

the

£500

=£410

const.

£90

var.

When

the

process

of

production

is

finished,

we

get

a

commodity

whose

value

=

(c

v)

s,

where

s

is

the

surplus-value;

or

taking

our

former

figures,

the

value

of

this

commodity

may

be

(£410

const.

£90

var.)

£90

surpl.

The

original

capital

has

now

changed

from

C

to

C',

from

£500

to

£590.The

difference

is

s

or

a

surplus-value

of

£90.

Since

the

value

of

the

constituent

elements

of

the

product

is

equal

to

the

value

of

the

advanced

capital,

it

is

mere

tautology

to

say,

that

the

excess

of

the

value

of

the

product

over

the

value

of

its

constituent

elements,

is

equal

to

the

expansion

of

the

capital

advanced

or

to

the

surplus-value

produced.

Nevertheless,

we

must

examine

this

tautology

a

little

more

closely.

The

two

things

compared

are,

the

value

of

the

product

and

the

value

of

its

constituents

consumed

in

the

process

of

production.

Now

we

have

seen

how

that

portion

of

the

constant

capital

which

consists

of

the

instruments

of

labour,

transfers

to

the

production

only

a

fraction

of

its

value,

while

the

remainder

of

that

value

continues

to

reside

in

those

instruments.

Since

this

remainder

plays

no

part

in

the

formation

of

value,

we

may

at

present

leave

it

on

one

side.

To

introduce

it

into

the

calculation

would

make

no

difference.

For

instance,

taking

our

former

example,

c

=

£410:

suppose

this

sum

to

consist

of£312

value

of

raw

material,

£44

value

of

auxiliary

material,

and

£54

value

of

the

machinery

worn

away

in

the

process;

and

suppose

that

the

total

value

of

the

machinery

employed

is

£1,054.

Out

of

this

latter

sum,then,

we

reckon

as

advanced

for

the

purpose

of

turning

out

the

product,

the

sum

of

£54

alone,

which

the

machinery

loses

by

wear

and

tear

in

the

process;

for

this

is

all

it

parts

with

to

the

product.

Now

if

we

also

reckon

the

remaining

£1,000,

which

still

continues

in

the

machinery,

as

transferred

to

the

product,

we

ought

also

to

reckon

it

as

part

of

the

value

advanced,

and

thus

make

it

appear

on

both

sides

of

our

calculation.1We

should,

in

this

way,

get

£1,500

on

one

side

and£1,590

on

the

other.

The

difference

of

these

two

sums,or

the

surplus-value,

would

still

be

£90.

Throughout

this

Book

therefore,

by

constant

capital

advanced

for

the

production

of

value,

we

always

mean,

unless

the

context

is

repugnant

thereto,

the

value

of

the

means

of

production

actually

consumed

in

the

process,

and

that

value

alone.

This

being

so,

let

us

return

to

the

formula

C

=

c

v,which

we

saw

was

transformed

into

C'

=

(c

v)

s,

C

becoming

C'.

We

know

that

the

value

of

the

constant

capital

is

transferred

to,

and

merely

re-appears

in

the

product.

The

new

value

actually

created

in

the

process,the

value

produced,

or

value-product,

is

therefore

not

the

same

as

the

value

of

the

product;

it

is

not,

as

it

would

at

first

sight

appear

(c

v)

s

or

£410

const.

£90

var.

£90

surpl.;

but

v

s

or

£90

var.

£90

surpl.,

not

£590

but

£180.

If

c

=

0,

or

in

other

words,

if

there

were

branches

of

industry

in

which

the

capitalist

could

dispense

with

all

means

of

production

made

by

previous

labour,

whether

they

be

raw

material,auxiliary

material,

or

instruments

of

labour,

employing

only

labour-power

and

materials

supplied

by

Nature,in

that

case,

there

would

be

no

constant

capital

to

transfer

to

the

product.

This

component

of

the

value

of

the

product,

i.e.,

the

£410

in

our

example,

would

be

eliminated,

but

the

sum

of

£180,

the

amount

of

new

value

created,

or

the

value

produced,

which

contains£90

of

surplus-value,

would

remain

just

as

great

as

if

c

represented

the

highest

value

imaginable.

We

should

have

C

=

(0

v)

=

v

or

C'

the

expanded

capital

=

v

s

and

therefore

C'

-

C

=

s

as

before.

On

the

other

hand,if

s

=

0,

or

in

other

words,

if

the

labour-power,

whose

value

is

advanced

in

the

form

of

variable

capital,

were

to

produce

only

its

equivalent,

we

should

have

C

=

c

v

or

C'

the

value

of

the

product

=

(c

v)

0

or

C

=C'.

The

capital

advanced

would,

in

this

case,

not

have

expanded

its

value.

From

what

has

gone

before,

we

know

that

surplus

value

is

purely

the

result

of

a

variation

in

the

value

of

v,

of

that

portion

of

the

capital

which

is

transformed

into

labour-power;

consequently,

v

s

=

v

v',

or

v

plus

an

increment

of

v.

But

the

fact

that

it

is

v

alone

that

varies,

and

the

conditions

of

that

variation,

are

obscured

by

the

circumstance

that

in

consequence

of

the

increase

in

the

variable

component

of

the

capital,

there

is

also

an

increase

in

the

sum

total

of

the

advanced

capital.

It

was

originally

£500

and

becomes£590.

Therefore

in

order

that

our

investigation

may

lead

to

accurate

results,

we

must

make

abstraction

from

that

portion

of

the

value

of

the

product,

in

which

constant

capital

alone

appears,

and

consequently

must

equate

the

constant

capital

to

zero

or

make

c

=0.

This

is

merely

an

application

of

a

mathematical

rule,

employed

whenever

we

operate

with

constant

and

variable

magnitudes,

related

to

each

other

by

the

symbols

of

addition

and

subtraction

only.

A

further

difficulty

is

caused

by

the

original

form

of

the

variable

capital.

In

our

example,

C'

=

£410

const.

£90

var.

£90

surpl.;

but

£90

is

a

given

and

therefore

a

constant

quantity;

hence

it

appears

absurd

to

treat

it

as

variable.

But

in

fact,

the

term

£90

var.

is

here

merely

a

symbol

to

show

that

this

value

undergoes

a

process.

The

portion

of

the

capital

invested

in

the

purchase

of

labour-power

is

a

definite

quantity

of

materialised

labour,

a

constant

value

like

the

value

of

the

labour-power

purchased.

But

in

the

process

of

production

the

place

of

the

£90

is

taken

by

the

labour

power

in

action,

dead

labour

is

replaced

by

living

labour,

something

stagnant

by

something

flowing,

a

constant

by

a

variable.

The

result

is

the

reproduction

of

v

plus

an

increment

of

v.

From

the

point

of

view

then

of

capitalist

production,

the

whole

process

appears

as

the

spontaneous

variation

of

the

originally

constant

value,

which

is

transformed

into

labour

power.

Both

the

process

and

its

result,

appear

to

be

owing

to

this

value.

If,

therefore,

such

expressions

as\"£90

variable

capital,\"

or

\"so

much

self-expanding

value,\"

appear

contradictory,

this

is

only

because

they

bring

to

the

surface

a

contradiction

immanent

in

capitalist

production.

At

first

sight

it

appears

a

strange

proceeding,

to

equate

the

constant

capital

to

zero.

Yet

it

is

what

we

do

every

day.

If,

for

example,

we

wish

to

calculate

the

amount

of

England's

profits

from

the

cotton

industry,we

first

of

all

deduct

the

sums

paid

for

cotton

to

the

United

States,

India,

Egypt

and

other

countries;

in

other

words,

the

value

of

the

capital

that

merely

re

appears

in

the

value

of

the

product,

is

put

=

0.

Of

course

the

ratio

of

surplus-value

not

only

to

that

portion

of

the

capital

from

which

it

immediately

springs,

and

whose

change

of

value

it

represents,but

also

to

the

sum

total

of

the

capital

advanced

is

economically

of

very

great

importance.

We

shall,

therefore,

in

the

third

book,

treat

of

this

ratio

exhaustively.

In

order

to

enable

one

portion

of

a

capital

to

expand

its

value

by

being

converted

into

labour-power,

it

is

necessary

that

another

portion

be

converted

into

means

of

production.

In

order

that

variable

capital

may

perform

its

function,

constant

capital

must

be

advanced

in

proper

proportion,

a

proportion

given

by

the

special

technical

conditions

of

each

labour-process.

The

circumstance,

however,

that

retorts

and

other

vessels,

are

necessary

to

a

chemical

process,

does

not

compel

the

chemist

to

notice

them

in

the

result

of

his

analysis.

If

we

look

at

the

means

of

production,

in

their

relation

to

the

creation

of

value,and

to

the

variation

in

the

quantity

of

value,

apart

from

anything

else,

they

appear

simply

as

the

material

in

which

labour-power,

the

value-creator,

incorporates

itself.

Neither

the

nature,

nor

the

value

of

this

material

is

of

any

importance.

The

only

requisite

is

that

there

be

a

sufficient

supply

to

absorb

the

labour

expended

in

the

process

of

production.

That

supply

once

given,

the

material

may

rise

or

fall

in

value,

or

even

be,

as

land

and

the

sea,

without

any

value

in

itself;

but

this

will

have

no

influence

on

the

creation

of

value

or

on

the

variation

in

the

quantity

of

value.2

In

the

first

place

then

we

equate

the

constant

capital

to

zero.

The

capital

advanced

is

consequently

reduced

from

c

v

to

v,

and

instead

of

the

value

of

the

product(c

v)

s

we

have

now

the

value

produced

(v

s).

Given

the

new

value

produced

=

£180,

which

sum

consequently

represents

the

whole

labour

expended

during

the

process,

then

subtracting

from

it

£90

the

value

of

the

variable

capital,

we

have

remaining

£90,the

amount

of

the

surplus-value.

This

sum

of

£90

or

s

expresses

the

absolute

quantity

of

surplus-value

produced.

The

relative

quantity

produced,

or

the

increase

per

cent

of

the

variable

capital,

is

determined,it

is

plain,

by

the

ratio

of

the

surplus-value

to

the

variable

capital,

or

is

expressed

by

s\/v.

In

our

example

this

ratio

is

90\/90,

which

gives

an

increase

of

100%.This

relative

increase

in

the

value

of

the

variable

capital,

or

the

relative

magnitude

of

the

surplus-value,I

call,

\"The

rate

of

surplus-value.\"

3

We

have

seen

that

the

labourer,

during

one

portion

of

the

labour-process,

produces

only

the

value

of

his

labour-power,

that

is,

the

value

of

his

means

of

subsistence.

Now

since

his

work

forms

part

of

a

system,

based

on

the

social

division

of

labour,

he

does

not

directly

produce

the

actual

necessaries

which

he

himself

consumes;

he

produces

instead

a

particular

commodity,

yarn

for

example,

whose

value

is

equal

to

the

value

of

those

necessaries

or

of

the

money

with

which

they

can

be

bought.

The

portion

of

his

day's

labour

devoted

to

this

purpose,

will

be

greater

or

less,in

proportion

to

the

value

of

the

necessaries

that

he

daily

requires

on

an

average,

or,

what

amounts

to

the

same

thing,

in

proportion

to

the

labour-time

required

on

an

average

to

produce

them.

If

the

value

of

those

necessaries

represent

on

an

average

the

expenditure

of

six

hours'

labour,

the

workman

must

on

an

average

work

for

six

hours

to

produce

that

value.

If

instead

of

working

for

the

capitalist,

he

worked

independently

on

his

own

account,

he

would,

other

things

being

equal,still

be

obliged

to

labour

for

the

same

number

of

hours,in

order

to

produce

the

value

of

his

labour-power,

and

thereby

to

gain

the

means

of

subsistence

necessary

for

his

conservation

or

continued

reproduction.

But

as

we

have

seen,

during

that

portion

of

his

day's

labour

in

which

he

produces

the

value

of

his

labour-power,say

three

shillings,

he

produces

only

an

equivalent

for

the

value

of

his

labour-power

already

advanced4by

the

capitalist;

the

new

value

created

only

replaces

the

variable

capital

advanced.

It

is

owing

to

this

fact,

that

the

production

of

the

new

value

of

three

shillings

takes

the

semblance

of

a

mere

reproduction.

That

portion

of

the

working

day,

then,

during

which

this

reproduction

takes

place,

I

call

\"necessary\"

labour

time,

and

the

labour

expended

during

that

time

I

call

\"necessary\"labour.5Necessary,

as

regards

the

labourer,

because

independent

of

the

particular

social

form

of

his

labour;

necessary,

as

regards

capital,

and

the

world

of

capitalists,

because

on

the

continued

existence

of

the

labourer

depends

their

existence

also.

During

the

second

period

of

the

labour-process,

that

in

which

his

labour

is

no

longer

necessary

labour,

the

workman,

it

is

true,

labours,

expends

labour-power;but

his

labour,

being

no

longer

necessary

labour,he

creates

no

value

for

himself.

He

creates

surplus

value

which,

for

the

capitalist,

has

all

the

charms

of

a

creation

out

of

nothing.

This

portion

of

the

working

day,

I

name

surplus

labour-time,

and

to

the

labour

expended

during

that

time,

I

give

the

name

of

surplus

labour.

It

is

every

bit

as

important,

for

a

correct

understanding

of

surplus-value,

to

conceive

it

as

a

mere

congelation

of

surplus

labour-time,

as

nothing

but

materialised

surplus

labour,

as

it

is,

for

a

proper

comprehension

of

value,

to

conceive

it

as

a

mere

congelation

of

so

many

hours

of

labour,

as

nothing

but

materialised

labour.

The

essential

difference

between

the

various

economic

forms

of

society,

between,

for

instance,

a

society

based

on

slave-labour,

and

one

based

on

wage-labour,

lies

only

in

the

mode

in

which

this

surplus

labour

is

in

each

case

extracted

from

the

actual

producer,

the

labourer.6

Since,

on

the

one

hand,

the

values

of

the

variable

capital

and

of

the

labour-power

purchased

by

that

capital

are

equal,

and

the

value

of

this

labour-power

determines

the

necessary

portion

of

the

working

day;and

since,

on

the

other

hand,

the

surplus-value

is

determined

by

the

surplus

portion

of

the

working

day,it

follows

that

surplus-value

bears

the

same

ratio

to

variable

capital,

that

surplus

labour

does

to

necessary

labour,

or

in

other

words,

the

rate

of

surplus-value,

s\/v

=

(surplus

labour)\/(necessary

labour).

Both

ratios,s\/v

and

(surplus

labour)\/(necessary

labour),

express

the

same

thing

in

different

ways;

in

the

one

case

by

reference

to

materialised,

incorporated

labour,

in

the

other

by

reference

to

living,

fluent

labour.

The

rate

of

surplus-value

is

therefore

an

exact

expression

for

the

degree

of

exploitation

of

labour

power

by

capital,

or

of

the

labourer

by

the

capitalist.7

We

assumed

in

our

example,

that

the

value

of

the

product

=

£410

const.

£90

var.

£90

surpl.,

and

that

the

capital

advanced

=

£500.

Since

the

surplus-value=

£90,

and

the

advanced

capital

=

£500,

we

should,according

to

the

usual

way

of

reckoning,

get

as

the

rate

of

surplus-value

(generally

confounded

with

rate

of

profits)

18%,

a

rate

so

low

as

possibly

to

cause

a

pleasant

surprise

to

Mr.

Carey

and

other

harmonisers.But

in

truth,

the

rate

of

surplus-value

is

not

equal

to

s\/C

or

s\/(c v),

but

to

s\/v:

thus

it

is

not

90\/500

but

90\/90

or

100%,

which

is

more

than

five

times

the

apparent

degree

of

exploitation.

Although,

in

the

case

we

have

supposed,

we

are

ignorant

of

the

actual

length

of

the

working

day,

and

of

the

duration

in

days

or

weeks

of

the

labour-process,

as

also

of

the

number

of

labourers

employed,

yet

the

rate

of

surplus-value

s\/v

accurately

discloses

to

us,

by

means

of

its

equivalent

expression,surplus

labour\/necessary

labour

the

relation

between

the

two

parts

of

the

working

day.

This

relation

is

here

one

of

equality,

the

rate

being

100%.

Hence,

it

is

plain,the

labourer,

in

our

example,

works

one

half

of

the

day

for

himself,

the

other

half

for

the

capitalist.

The

method

of

calculating

the

rate

of

surplus-value

is

therefore,

shortly,

as

follows.

We

take

the

total

value

of

the

product

and

put

the

constant

capital

which

merely

re-appears

in

it,

equal

to

zero.

What

remains,is

the

only

value

that

has,

in

the

process

of

producing

the

commodity,

been

actually

created.

If

the

amount

of

surplus-value

be

given,

we

have

only

to

deduct

it

from

this

remainder,

to

find

the

variable

capital.

And

vice

versa,

if

the

latter

be

given,

and

we

require

to

find

the

surplus-value.

If

both

be

given,

we

have

only

to

perform

the

concluding

operation,

viz.,

to

calculate

s\/v,

the

ratio

of

the

surplus-value

to

the

variable

capital.

Though

the

method

is

so

simple,

yet

it

may

not

be

amiss,

by

means

of

a

few

examples,

to

exercise

the

reader

in

the

application

of

the

novel

principles

underlying

it.

First

we

will

take

the

case

of

a

spinning

mill

containing

10,000

mule

spindles,

spinning

No.

32

yarn

from

American

cotton,

and

producing

1

lb.

of

yarn

weekly

per

spindle.

We

assume

the

waste

to

be

6%:

under

these

circumstances

10,600

lbs.

of

cotton

are

consumed

weekly,

of

which

600

lbs.

go

to

waste.The

price

of

the

cotton

in

April,

1871,

was

7d.

per

lb.;

the

raw

material

therefore

costs

in

round

numbers£342.

The

10,000

spindles,

including

preparation

machinery,

and

motive

power,

cost,

we

will

assume,£1

per

spindle,

amounting

to

a

total

of

£10,000.

The

wear

and

tear

we

put

at

10%,

or

£1,000

yearly

=

£20

weekly.

The

rent

of

the

building

we

suppose

to

be£300

a

year,

or

£6

a

week.

Coal

consumed

(for

100

horse-power

indicated,

at

4

lbs.

of

coal

per

horse

power

per

hour

during

60

hours,

and

inclusive

of

that

consumed

in

heating

the

mill),

11

tons

a

week

at

8s.6d.

a

ton,

amounts

to

about

£4

a

week:

gas,

£1

a

week,

oil,

&c.,

£4

a

week.

Total

cost

of

the

above

auxiliary

materials,

£10

weekly.

Therefore

the

constant

portion

of

the

value

of

the

week's

product

is

£378.Wages

amount

to

£52

a

week.

The

price

of

the

yarn

is

12d.

per.

lb.

which

gives

for

the

value

of

10,000

lbs.the

sum

of

£510.

The

surplus-value

is

therefore

in

this

case

£510

-

£430

=

£80.

We

put

the

constant

part

of

the

value

of

the

product

=

0,

as

it

plays

no

part

in

the

creation

of

value.

There

remains

£132

as

the

weekly

value

created,

which

=

£52

var.

£80

surpl.

The

rate

of

surplus-value

is

therefore

80\/52

=

153

11\/13%.

In

a

working

day

of

10

hours

with

average

labour

the

result

is:

necessary

labour

=

3

31\/33

hours,

and

surplus

labour

=

6

2\/33.8

One

more

example.

Jacob

gives

the

following

calculation

for

the

year

1815.

Owing

to

the

previous

adjustment

of

several

items

it

is

very

imperfect;nevertheless

for

our

purpose

it

is

sufficient.

In

it

he

assumes

the

price

of

wheat

to

be

8s.

a

quarter,

and

the

average

yield

per

acre

to

be

22

bushels.

Assuming

that

the

price

of

the

product

is

the

same

as

its

value,

we

here

find

the

surplus-value

distributed

under

the

various

heads

of

profit,

interest,

rent,

&c.We

have

nothing

to

do

with

these

in

detail;

we

simply

add

them

together,

and

the

sum

is

a

surplus-value

of

£3

11s.

0d.

The

sum

of

£3

19s.

0d.,

paid

for

seed

and

manure,

is

constant

capital,

and

we

put

it

equal

to

zero.

There

is

left

the

sum

of

£3

10s.

0d.,

which

is

the

variable

capital

advanced:

and

we

see

that

a

new

value

of

£3

10s.

0d

£3

11s.

0d.

has

been

produced

in

its

place.

Therefore

s\/v

=

£3

11s.

0d.

\/

£3

10s.

0d.,giving

a

rate

of

surplus-value

of

more

than

100%.

The

labourer

employs

more

than

one

half

of

his

working

day

in

producing

the

surplus-value,

which

different

persons,

under

different

pretexts,

share

amongst

themselves.9

Section

2:

The

Representation

of

the

Components

of

the

Value

of

the

Product

by

Corresponding

Proportional

Parts

of

the

Product

Itself

Let

us

now

return

to

the

example

by

which

we

were

shown

how

the

capitalist

converts

money

into

capital.

The

product

of

a

working

day

of

12

hours

is

20

lbs.of

yarn,

having

a

value

of

30s.

No

less

than

8\/10ths

of

this

value,

or

24s.,

is

due

to

mere

re-appearance

in

it,

of

the

value

of

the

means

of

production

(20

lbs.of

cotton,

value

20s.,

and

spindle

worn

away,

4s.):

it

is

therefore

constant

capital.

The

remaining

2\/10ths

or

6s.

is

the

new

value

created

during

the

spinning

process:

of

this

one

half

replaces

the

value

of

the

day's

labour-power,

or

the

variable

capital,

the

remaining

half

constitutes

a

surplus-value

of

3s.

The

total

value

then

of

the

20

lbs.

of

yarn

is

made

up

as

follows:

30s.

value

of

yarn

=

24s.

const.

3s.

var.

3s.

surpl.

Since

the

whole

of

this

value

is

contained

in

the

20

lbs.

of

yarn

produced,

it

follows

that

the

various

component

parts

of

this

value,

can

be

represented

as

being

contained

respectively

in

corresponding

parts

of

the

product.

If

the

value

of

30s.

is

contained

in

20

lbs.

of

yarn,then

8\/10ths

of

this

value,

or

the

24s.

that

form

its

constant

part,

is

contained

in

8\/10ths

of

the

product

or

in

16

lbs.

of

yarn.

Of

the

latter

13

1\/3

lbs.

represent

the

value

of

the

raw

material,

the

20s.

worth

of

cotton

spun,

and

2

2\/3

lbs.

represent

the

4s.

worth

of

spindle,&c.,

worn

away

in

the

process.

Hence

the

whole

of

the

cotton

used

up

in

spinning

the

20

lbs.

of

yarn,

is

represented

by

13

1\/3

lbs.

of

yarn.

This

latter

weight

of

yarn

contains,

it

is

true,by

weight,

no

more

than

13

1\/3

lbs.

of

cotton,

worth

13

1\/3

shillings;

but

the

6

2\/3

shillings

additional

value

contained

in

it,

are

the

equivalent

for

the

cotton

consumed

in

spinning

the

remaining

6

2\/3

lbs.

of

yarn.The

effect

is

the

same

as

if

these

6

2\/3

lbs.

of

yarn

contained

no

cotton

at

all,

and

the

whole

20

lbs.

of

cotton

were

concentrated

in

the

13

1\/3

lbs.

of

yarn.The

latter

weight,

on

the

other

hand,

does

not

contain

an

atom

either

of

the

value

of

the

auxiliary

materials

and

implements,

or

of

the

value

newly

created

in

the

process.

In

the

same

way,

the

2

2\/3

lbs.

of

yarn,

in

which

the

4s.,

the

remainder

of

the

constant

capital,

is

embodied,represents

nothing

but

the

value

of

the

auxiliary

materials

and

instruments

of

labour

consumed

in

producing

the

20

lbs.

of

yarn.

We

have,

therefore,

arrived

at

this

result:

although

eight-tenths

of

the

product,

or

16

lbs.

of

yarn,

is,

in

its

character

of

an

article

of

utility,

just

as

much

the

fabric

of

the

spinner's

labour,

as

the

remainder

of

the

same

product,

yet

when

viewed

in

this

connexion,

it

does

not

contain,

and

has

not

absorbed

any

labour

expended

during

the

process

of

spinning.

It

is

just

as

if

the

cotton

had

converted

itself

into

yarn,

without

help;

as

if

the

shape

it

had

assumed

was

mere

trickery

and

deceit:

for

so

soon

as

our

capitalist

sells

it

for

24s.,

and

with

the

money

replaces

his

means

of

production,

it

becomes

evident

that

this

16

lbs.

of

yarn

is

nothing

more

than

so

much

cotton

and

spindle-waste

in

disguise.

On

the

other

hand,

the

remaining

2\/10ths

of

the

product,

or

4

lbs

of

yarn,

represent

nothing

but

the

new

value

of

6s.,

created

during

the

12

hours'

spinning

process.

All

the

value

transferred

to

those

4

lbs,

from

the

raw

material

and

instruments

of

labour

consumed,was,

so

to

say,

intercepted

in

order

to

be

incorporated

in

the

16

lbs.

first

spun.

In

this

case,

it

is

as

if

the

spinner

had

spun

4

lbs.

of

yarn

out

of

air,

or,

as

if

he

had

spun

them

with

the

aid

of

cotton

and

spindles,that,

being

the

spontaneous

gift

of

Nature,

transferred

no

value

to

the

product.

Of

this

4

lbs.

of

yarn,

in

which

the

whole

of

the

value

newly

created

during

the

process,

is

condensed,one

half

represents

the

equivalent

for

the

value

of

the

labour

consumed,

or

the

3s.

variable

capital,

the

other

half

represents

the

3s.

surplus-value.

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