Note 974 — Chapter III · : MARXISM

A potter working with his hands makes a vase in ten hours; each vase, then, costs ten hours’ labour. The same potter decides to make a wheel—a species of fixed capital. Setting up the wheel was a hundred hours’ task. If he still continues to produce only one vase per diem, which is a perfectly absurd proposition, for he would never have gone to the trouble of making the wheel if it did not mean some advantage to him, the value of each vase will now be 10 hours + 100 hours divided by x, which is the number of vases he would have produced had he not wasted his time making a wheel.