Supply and demand constantly determine the prices of commod… - Karl Marx

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Supply and demand constantly determine the prices of commodities; never balance, or only coincidentally; but the cost of production, for its part, determines the oscillations of supply and demand.

Karl Marx

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About Karl Marx

Karl Heinrich Marx (5 May 1818 – 14 March 1883) was a German political philosopher, economist, historian, sociologist, journalist and revolutionary socialist. Marx's work in economics laid the basis for labor theory of value, and has influenced much of subsequent economic thought. He published many works during his lifetime, including The Communist Manifesto (1848) and the first volume of Das Kapital (1867), the two later volumes being completed by his collaborator Friedrich Engels.

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Alternative Names: Karl Heinrich Marx • Karl H. Marx • Marx

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Friedrich Engels Pyotr Kropotkin Vladimir Lenin Ludwig von Mises Peter Kropotkin

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Supply and demand constantly determine the prices of commodities; never balance, or only coincidentally; but the cost of production, for its part, de… - Karl Marx

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