Marxist Theory and Value

 Marxist Theory and Value
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Introduction
Karl Marx’s theory supports that the modern capitalism advocates for more profits forcing more labor on individuals. In the same line of thought, the journal on the “Cities in a World Economy” indicates that the global growth in the world has led to the emergence of strong states of China, Brazil, India and many others. People indulge in all forms of labor to survive in the current harsh economic conditions. In the process of trying to fit in, a challenge for financial crisis arises. The article “Journal of World-Systems Research” provides a guide for solutions by using the transnational alternative policy groups. The groups are the major solutions to dealing with this global capitalism. The information from the three articles causes room for more discussions in an efforts to understand the needs and wants advocated in the new market.
Summary of Articles
From Karl Max, theory value is one of the recognized terms in the language of business. The value theory is explained in the line of the capitalist and the employees. Marx believes that the features of capitalism are the gap between the owners of production and the people who produce the products. The theory analysis that the surplus value is the value offered by workers in from of labor. The value of the labor-power, on the other hand, is the time spent by employees while working. The two values finally form a structure that leads to either profits or losses (Ilegbinosa, 2012).

The study in capitalism is thus the success in the production process determined by its efforts to produce surplus value.
The second article journal of “Cities in a World Economy focuses” on the issues of dealing with the financial crisis as the main role played by the larger states to curb financial crisis in the lesser states. The countries offer the provision of commodities and raw materials. The relations, however, can cause a social crisis when the relationships among the states are sabotaged.
The article on “Journal of World-Systems Research” argues that there is a need for a new capitalism which is only possible by dealing with the old capitalism. It is important that the role of employing workers be taken important because they have the means to acquiring commodities that increase profits(Chase-Dunn 1999).The profits are from the capital produced from selling commodities (Sassen,2011). In the case of calamities, all the transnational movements should work together to save the economy.
Critique of Articles
The three articles have a different view of the economy. From max theory, the economy cannot solemnly rely on the capitalist and the employee. Other channels need to be put in place especially on the type of commodities produced. The owner and the worker can be fine while the products being produced are not of the best quality. The second article in support of the stronger states is a slow way of dealing with the economy issues. The bigger states will always work to their advantage no matter the support they promise to the lesser states. Everyone in the economy is working to gain something and not to lose. The last article on world systems offers a good ground where nations can form partnerships in times of crisis. Partnerships are good and create peace among people which is a good environment for carrying out business.
Conclusion
The economy is part of the business world that has always been hard to deal with. Trends in the new technology keep changing as well as wants and needs of customers. Discussions about the economy will always arise, and that global market should work on coming up with effective strategies to dealing with issues that may occur.

References
Chase-Dunn, C. (1999). Globalization: A world-systems perspective. Journal of World-Systems
Research, 5(2), 187-215.
Ilegbinosa, A. I. (2012). An Analysis of Karl Marx’s Theory of Value on the Contemporary
Capitalist Economy. Journal of Economics and Sustainable Development, 3(5), 1-6.
Sassen, S. (2011). Cities in a world economy. Sage Publications.