Wage-Labour and Capital cover

Wage-Labour and Capital

Karl Marx (1818-1883)

00:00(1/10) 00 – Introduction by Engels00:00
80
x1
1. 00 – Introduction by Engels
2. 01 – Preliminary
3. 02 – What Are Wages?
4. 03 – By What is the Price of a Commodity Determined?
5. 04 – By What are Wages Determined?
6. 05 – The Nature and Growth of Capital
7. 06 – Relation of Wage-Labour to Capital
8. 07 – The General Law
9. 08 – The Interests of Capital and Wage-Labour
10. 09 – Effect of Capitalist Competition

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Genres

Summary

Orignally written as a series of newspaper articles in 1847, Wage-Labour and Capital was intended to give a short overview, for popular consumption, of Marx’s central threories regarding the economic relationships between workers and capitalists. These theories outlined include the Marxian form of the Labour Theory of Value, which distinguishes “labour” from “labour-power”, and the Theory of Concentration of Capital, which states that capitalism tends towards the creation of monopolies and the disenfranchisement of the middle and working classes. The Theory of Alienation, which describes a dehumanising effect of capitalist production, in which an immediate social signifcance of labour to the worker is absent, is also touched upon. These theories were later elaborated in Volume 1 of Capital, published in 1867. This edition of Wage-Labour and Capital, published in 1891, was edited and translated by Friedrich Engels, and remains one of the most widely read of Marx’s works. (Description by Carl Manchester).

Reviews

Thomas

- Enlightening

This book thoroughly shows marxist viewpoints of how profit is created under capitalist production and why it should belong to the workers. It also explains other reasons on how capitalism hurts the worker in form of competition, etc. Well worth a read and a thought.