Show SOCIALISM IS THEME OF TALK The Rev William Thurston Brown Discusses Its Economics THEIR THEORIES DIFFER Say Labor Is Only That Which Produces New Values The Tho Economics of or Socialism was wa the subject upon which the Rev Re Wl Wil- Wil lIam Ham Thurston Brown a addressed dressed th the Social Science club last Jast night at Unit Unity hall There was a good attendance The difference between the MarxIan MarxIan Marxian Marx Marx- Ian theol theory of ot value and those of other othe socialists Is 18 that ho he places the socialIstic socialistic social social- process from Crom an nn c point of view said the speaker Th This means that society Is In a state of evolution evo evo- lution and has haa no fixed standard o ot of economics The theory of or Marx Is as thaIn that tha In process of ot Industrial production Under under under un un- der capitalism the object of ot producIng producIng Ing commodities having exchange e value for tor the tho sake sako of or profit rather rathe than for use Commodities must havo an exchange ex ex- change chango value In the production o of commodities labor Is la only that which produces new values For example example- The elements of or the Industrial process are ure raw material machinery and la labor In- In bor power What labor Jabor docs does Is L tl to transfer tho the value of ot raw materials material and we wear r on machinery Into the finIshed finished fin fin- product But the labor also doe more He creates the value of or hi hl his own labor power and creates a n new value alue for tor which he receives nothing I In the making of ot a pair of ot shoe shoes the workman works five hours ant and makes males ono one pair pall of shoes The Time cos cosof cost of tho the material mate Is IB 80 SO cents and th the wear and tear on the machinery is 2 20 cents The laborer gets sets 2 and th the value alue of ot the shoes Is 3 And there Is no profit to capital But the workman work worle man works five hours moro more and produces produces pro pro- duces another pair of ot shoes the time ma mn- In which cost COt Just the same sam but ho lie gets nothing for tor his labor fo forthe for tor the second pair pall of shoes In w which Case the capital makes r 2 I |