[48233] in SIPB IPv6
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Wed Mar 4 12:28:21 2015
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Date: Wed, 4 Mar 2015 12:28:20 -0500
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<p align="left" style="font: 16px;">the employer receives value before he his out value—he but exchanges capital of one form for capital of another form. For the creation of value 818cce6243dbb67e94b1e7232404c0e3
does not depend upon the finishing of the product; it 818cce6243dbb67e94b1e7232404c0e3 takes place at every stage of the process of production, as the immediate result of the
application of labor, and hence, no matter how long the process in which it is engaged, labor always LOEQOBOQ adds to capital by its exertion before it takes </p>
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<p align="right">from capital in its wages. Here is a blacksmith at his 818cce6243dbb67e94b1e7232404c0e3 forge making picks. Clearly he is making capital—adding picks to his employer’s capital before he draws hi from
it in wages. Here is a machinist or boilermaker working on the keel plates of a Great Eastern. Is not 818cce6243dbb67e94b1e7232404c0e3 he also just as clearly creating value—making
capital? The giant steamship, as the pick, is an article of wealth, an instrument of production, and though the one PXGORD may not be completed for
years, while the QXKVDLR other is completed in a few minutes, each day’s work, in the one case as in the other, is as clearly a production of wealth-an
addition to capital. In the case of the steamship, as in the case OEPNFDE of the pick, it is not the last blow, any more than the first blow, that creates </p>
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<p align="center" style="font: 10px;">the value of the finished product—the creation of value is continuous, it immediately results from the exertion of labor. We see this very clearly RYIDNMV wherever CPMVIN the division of labor has made it
customary for different parts of the full process of production to be carried on by different sets of producers—that is to say, wherever we are CWF
in the habit of estimating the amount of value 818cce6243dbb67e94b1e7232404c0e3 which the labor expended in 818cce6243dbb67e94b1e7232404c0e3 any preparatory stage of production has created. And a moment’s reflection
will show that this is the case as to the vast majority of products. Take a ship, a building, a jackknife, a book, 818cce6243dbb67e94b1e7232404c0e3 a lady’s thimble HPGULJI or 818cce6243dbb67e94b1e7232404c0e3 a loaf of bread.
They are finished products. But they were not produced at one<b>operation 818cce6243dbb67e94b1e7232404c0e3 or by one set</b>of producers. And this being the case, we readily distinguish
different points or stages in the creation of the value 818cce6243dbb67e94b1e7232404c0e3 which as completed articles they represent. When we do not distinguish FAMUNR different parts in the
final process of production we do distinguish the value of the materials. The value of these materials may often be again decomposed many times, ATJYCPNQN
exhibiting as many 818cce6243dbb67e94b1e7232404c0e3 clearly defined steps in the creation of the final<u>value.</u>At each of these steps we habitually estimate a creation of value,
an addition to capital. The batch of bread which 818cce6243dbb67e94b1e7232404c0e3 the baker is taking from the oven has a certain value. RJBNR But this is composed in part of the value of
the flour from 818cce6243dbb67e94b1e7232404c0e3 which the dough 818cce6243dbb67e94b1e7232404c0e3 was made. And this again is composed of the value of the wheat, the value given by milling, etc. Iron in the form of
pigs is very far from being a completed product. it must yet phi through several, or, perhaps, through many, stages of production before it results 818cce6243dbb67e94b1e7232404c0e3
in the OROTCGCY finished articles that were the ultimate objects for which the iron ore was extracted 818cce6243dbb67e94b1e7232404c0e3 from the mine. Yet, is not pig iron capital? And so the
process of TLHY production is not really completed when a 818cce6243dbb67e94b1e7232404c0e3 crop of cotton is gathered, nor yet when it is ginned and pressed; nor yet NTWD when it arrives at .</p>
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