Wage-Labor and Capital

Wage-Labor and Capital

by Karl Marx and Frederick Engels (Translator)
Epub (Kobo), Epub (Adobe)
Publication Date: 14/02/2020

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"Wage Labour and Capital" is an essay on economics by Karl Marx, written in 1847 and first published in articles in the Neue Rheinische Zeitung in April 1849. This essay has been widely acclaimed as the precursor to Marx’s important treatise Das Kapital.


The ideas that are expressed in the essay have a very thorough economic contemplation about them as he put aside some of his materialist conceptions of history for the time being. However, this essay did start to show an increased scientific rationale on his ideas of alienated labor which in Marx’s perspective would eventually lead to the proletarian revolution.


Some of the main topics that the essay examines are about labour power and labour and how labour power becomes a commodity. It also presents the labour theory of value that further develops the distinct differences between labour and labour power. The essay also examines the commodity and how the economic principles of supply and demand affect the pricing of certain commodities. Beyond that, the essay explores how capital and capitalism do not service any purpose other than to gain more of it which Marx presents as an illogical method of living one's life.


Thus, "Wage-Labor and Capital" is considered by Marxists as an "in-depth economic and scientific observation on how capitalist economy works, why it was exploitative, and ultimately why it would eventually implode from within".

ISBN:
1230003711729
1230003711729
Category:
Political ideologies
Format:
Epub (Kobo), Epub (Adobe)
Publication Date:
14-02-2020
Language:
English
Publisher:
Étalo
Karl Marx

Karl Marx was born in the German city of Trier in 1818. He studied law in Bonn and Berlin at his father's insistence, but his true interests lay elsewhere and, in 1841, he received a doctorate in philosophy from the University of Jena.

For the next two years he wrote for radical left-wing newspapers before moving to Paris with his wife, Jenny; there he became a communist and met his lifelong friend and collaborator, Friedrich Engels.

They published their revolutionary pamphlet, The Communist Manifesto, in 1848 and Marx moved to London a year later. He spent the rest of his life there - often in considerable poverty - while he wrote his magnum opus of political theory, Das Kapital. Karl Marx died in 1883.

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