Wage Labour And Capital & Value, Price And Profit by Karl Marx
A clear, polemical analysis of the relationship between wage labor and capital that explains how workers sell their labor-power as a commodity, how wages are shaped by market forces and the cost of subsistence, and how capitalists appropriate the unpaid portion of workers’ labor as surplus value and profit. It critiques contemporary economic doctrines that treat wages as a fixed “fund,” shows profit to be a social result of unpaid labor rather than a reward for benign investment, and stresses the inherent antagonism between labor and capital. The pieces argue that understanding this exploitation is essential for workers’ organization and political struggle to improve conditions or abolish wage dependence.
- Published
- 1847
- Nationality
- German
- Length
- Unknown
- Pages
- Unknown
- Original Language
- German
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- Alternate Titles
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- Lohnarbeit und Kapital
- Wert, Preis und Profit
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