Wage labour and capital - Wages, price and profit PDF

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Wage Labour and Capital finds all its richness and modernity in its combination between the aim for which it was written and its key idea. Accaording to the latter, it is the nature of capitalism to conceal relations among people under the appearance of relations among " things ". The mysterious characteristics of such " things " as capital or wages can be clarified by tracing them back to their underlying relations, relations among people. What explains the topicality of this text is precisely the fact that the fundamental relation, even today, has not changed. Society is founded on the relation established between the minority of people who monopolise the means of production – capitalists – and the vast majority of those who are without them and who are therefore obliged to sell their capacity to work – wage earners.

AUTEUR Karl Marx
DATE DE PUBLICATION 2018-Sep-01
TAILLE DU FICHIER 1,81 MB
NOM DE FICHIER Wage labour and capital - Wages, price and profit.pdf

Wage Labor and Capital - Duke University

Capital can be multiplied by exchanging itself with labour power and initiating wage labour. There are three different types of wages the money price of labour power ,the nominal wages and the real wages. Nominal wages is the amount of money in which the labour sells his labour power to the capitalist. Real wages are the amount of money from which the labour can buy commodities for his/ her ...

Wage Labour and Capital (Works of Karl Marx 1847) Summary

Production and Wages 2. Production, Wages, Profits 3. Wages and Currency 4. Supply and Demand 5. Wages and Prices 6. Value and Labour 7. Labour Power 8. Production of Surplus Value 9. Value of Labour 10. Profit is made by Selling a Commodity at its Value 11. The different Parts into which Surplus Value is Decomposed 12. The General Relation of ...

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