Nevertheless, even in this case, the increased production of surplus-value arises from the curtailment of the necessary labour-time, and from the corresponding prolongation of the surplus-labour.[1] Let the necessary labour-time amount to 10 hours, the value of a day’s labour-power to five shillings, the surplus labour-time to 2 hours, and the daily surplus-value to one shilling. But the capitalist now produces 24 articles, which he sells at tenpence a-piece, making twenty shillings in all. Since the value of the means of production is twelve shillings, 1425 of these articles merely replace the constant capital advanced. The labour of the 12 hours’ working day is represented by the remaining 93 articles. Since the price of the labour power is five shillings, 6 articles represent the necessary labour-time, and 335 articles the surplus-labour. The ratio of the necessary labour to the surplus-labour, which under average social conditions was 5:1, is now only 5:3. The same result may be arrived at in the following way. The value of the product of the working day of 12 hours is twenty shillings. Of this sum, twelve shillings belong to the value of the means of production, a value that merely re-appears. There remain eight shillings, which are the expression in money, of the value newly created during the working day. This sum is greater than the sum in which average social labour of the same kind is expressed: twelve hours of the latter labour are expressed by six shillings only. The exceptionally productive labour operates as intensified labour; it creates in equal periods of time greater values than average social labour of the same kind. (See Ch. I. Sect. 1. p. 45.) But our capitalist still continues to pay as before only five shillings as the value of a day’s labour-power. Hence, instead of 10 hours, the labourer need now work only 7½ hours, in order to re-produce this value. His surplus-labour is, therefore, increased 2½ hours, and the surplus-value he produces
- ↑ “A man’s profit does not depend upon his command of the produce of other men’s labour, but upon his command of labour itself. If he can sell his goods at a higher price, while his workmen’s wages remain unaltered, he is clearly benefited.… A smaller proportion of what he produces is sufficient to put that labour into motion, and a larger proportion consequently remains for himself.” ("Outlines of Pol. Econ.” London, 1832, pp. 49, 50.)
