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Wage-Labour and Capital

Karl Marx

Wage-Labour and Capital | Karl Marx

Wage-Labour and Capital

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Orignally written as a series of newspaper articles, Wage-Labour and Capital was intended to give a short overview, for popular consumption, of Marx’s central theories regarding the economic relationships between workers and capitalists. These theories outlined include the Marxian form of the Labor Theory of Value, which distinguishes “labor” from “labor-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 dehumanizing effect of capitalist production, in which an immediate social significance of labor to the worker is absent, is also touched upon. These theories were later elaborated in Volume 1 of Capital.

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