How hard do people work when they are working for themselves? What determines how much they work? New England farmers owned their land. Use the Marxist circuit of capital language (e.g. C-M-C’) to explain how hard they worked and how much they produced. 

b. How do things change when these farmers lost control of the means of production (their land) and have to sell their labor power to a capitalist? Will the formally independent workers now stop working when they have enough money for the desired consumption? Will they produce more output? 

c. How does the capitalist make a profit from a relationship where he pays the workers a fair value for their time and sells at a fair price? Are capitalists guaranteed a profit? How could the capitalist not make a profit? 

d. What do capitalists do with their profits, and how does this explain the expansion of capitalism throughout the world and into areas of household production?