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Wage Labour And Capital
"Wage Labour and Capital" (German: ''Lohnarbeit und Kapital'') was an 1847 lecture by the critic of political economy and philosopher Karl Marx, first published as articles in the '' Neue Rheinische Zeitung'' in April 1849. It is widely considered the precursor to Marx's influential treatise ''Das Kapital''. It is commonly paired with Marx's 1865 lecture '' Value, Price and Profit''. Previously, Marx had been studying political economy; evidence of this being his unpublished '' Economic and Philosophic Manuscripts of 1844'' (eventually published in the early 1930s after his death) and '' The Poverty of Philosophy'' in France in 1847. In 1883, a Russian translation was published as a book and included an excerpt from ''Capital'' volume 1 in the appendix, chapter 23 on ''Historical Tendency of Capitalist Accumulation''. In 1885, a pamphlet version was first published as an English translation. An 1885 pamphlet based on the newspaper articles was published in Hottingen-Zürich wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Critique Of Political Economy
Critique of political economy or simply the first critique of economy is a form of social critique that rejects the conventional ways of distributing resources. The critique also rejects what its advocates believe are unrealistic axioms, flawed historical assumptions, and taking conventional economic mechanisms as a given or as transhistorical (true for all human societies for all time). The critique asserts the conventional economy is merely one of many types of historically specific ways to distribute resources, which emerged along with modernity (post-Renaissance Western society). Critics of political economy do not necessarily aim to create their own theories regarding how to administer economies. Critics of economy commonly view "the economy" as a bundle of concepts and societal and normative practices, rather than being the result of any self-evident economic laws. Hence, they also tend to consider the views which are commonplace within the field of economics as faulty, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bourgeoisie
The bourgeoisie ( , ) are a class of business owners, merchants and wealthy people, in general, which emerged in the Late Middle Ages, originally as a "middle class" between the peasantry and aristocracy. They are traditionally contrasted with the proletariat by their wealth, political power, and education, as well as their access to and control of cultural, social, and financial capital. The bourgeoisie in its original sense is intimately linked to the political ideology of liberalism and its existence within cities, recognised as such by their urban charters (e.g., municipal charters, town privileges, German town law), so there was no bourgeoisie apart from the citizenry of the cities. Rural peasants came under a different legal system. In communist philosophy, the bourgeoisie is the social class that came to own the means of production during modern industrialisation and whose societal concerns are the value of private property and the preservation of capital t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1849 Books
Events January–March * January 1 – France begins issue of the Ceres series, the nation's first postage stamps. * January 5 – Hungarian Revolution of 1848: The Austrian army, led by Alfred I, Prince of Windisch-Grätz, enters in the Hungarian capitals, Buda and Pest. The Hungarian government and parliament flee to Debrecen. * January 8 – Hungarian Revolution of 1848: Romanian armed groups massacre 600 unarmed Hungarian civilians, at Nagyenyed.Hungarian HistoryJanuary 8, 1849 And the Genocide of the Hungarians of Nagyenyed/ref> * January 13 ** Second Anglo-Sikh War – Battle of Tooele: British forces retreat from the Sikhs. ** The Colony of Vancouver Island is established. * January 21 ** General elections are held in the Papal States. ** Hungarian Revolution of 1848: At Nagyszeben (now Sibiu in Romania)– The Hungarian army in Transylvania, led by Josef Bem, is defeated by the Austrians, led by Anton Puchner. * January 23 – Elizabeth Blackwell is awa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Books By Karl Marx
A book is a structured presentation of recorded information, primarily verbal and graphical, through a medium. Originally physical, electronic books and audiobooks are now existent. Physical books are objects that contain printed material, mostly of writing and images. Modern books are typically composed of many pages bound together and protected by a cover, what is known as the ''codex'' format; older formats include the scroll and the tablet. As a conceptual object, a ''book'' often refers to a written work of substantial length by one or more authors, which may also be distributed digitally as an electronic book (ebook). These kinds of works can be broadly classified into fiction (containing invented content, often narratives) and non-fiction (containing content intended as factual truth). But a physical book may not contain a written work: for example, it may contain ''only'' drawings, engravings, photographs, sheet music, puzzles, or removable content like paper d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marxists Internet Archive
Marxists Internet Archive, also known as MIA or Marxists.org, is a non-profit online encyclopedia that hosts a multilingual library (created in 1990) of the works of communist, anarchist, and socialist writers, such as Karl Marx, Friedrich Engels, Vladimir Lenin, Leon Trotsky, Joseph Stalin, Mao Zedong, Rosa Luxemburg, Mikhail Bakunin, Peter Kropotkin, and Pierre-Joseph Proudhon, as well as that of writers of related ideologies, and even unrelated ones (for instance, Sun Tzu). The collection is maintained by volunteers and is based on a collection of documents that were distributed by email and newsgroups, later collected into a single gopher site in 1993. It contains over 180,000 documents from over 850 authors in 80 languages. All material in the archive is provided free of charge to users, although not necessarily free of copyright. History Origins The archive was created in 1990 by a person known only by their Internet tag, Zodiac, who started archiving Marxist texts by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity
In economics, a commodity is an economic goods, good, usually a resource, that specifically has full or substantial fungibility: that is, the Market (economics), market treats instances of the good as equivalent or nearly so with no regard to who Production (economics), produced them. The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot market, spot and derivative (finance), derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand, brand name) other than price. Most commodities are raw materials, basic resources, agriculture, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemical substance, chemicals and computer memory. Popular commodities include Petroleum, crude ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labour Power
Labour power (; ) is the capacity to work, a key concept used by Karl Marx in his critique of capitalist political economy. Marx distinguished between the capacity to do the work, i.e. labour power, and the physical act of working, i.e. labour. Human labour power exists in any kind of society, but on what terms it is traded or combined with means of production to produce goods and services has historically varied greatly. The general idea of labour-power had existed previously in classical political economy. Adam Smith's ''The Wealth of Nations'' and David Ricardo's '' On the Principles of Political Economy and Taxation'' already referred to the "productive powers of labour". However, Marx made the concept much more precise, critically examining the functions of labour-power in production, how labour-power is used, organized and exploited, and how it is typically valued and priced in bourgeois society. Under capitalism, according to Marx, the ''productive powers of labour'' a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labour Theory Of Value
The labor theory of value (LTV) is a theory of value that argues that the exchange value of a good or service is determined by the total amount of " socially necessary labor" required to produce it. The contrasting system is typically known as the subjective theory of value. The LTV is usually associated with Marxian economics, although it originally appeared in the theories of earlier classical economists such as Adam Smith and David Ricardo, and later in anarchist economics. Smith saw the price of a commodity as a reflection of how much labour it can "save" the purchaser. The LTV is central to Marxist theory, which holds that capitalists' expropriation of the surplus value produced by the working class is exploitative. Modern mainstream economics rejects the LTV and uses a theory of value based on subjective preferences. Definitions of value and labor According to the LTV, value refers to the amount of socially necessary labor to produce a marketable commodity; Accor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supply And Demand
In microeconomics, supply and demand is an economic model of price determination in a Market (economics), market. It postulates that, Ceteris_paribus#Applications, holding all else equal, the unit price for a particular Good (economics), good or other traded item in a perfect competition, perfectly competitive market, will vary until it settles at the market clearing, market-clearing price, where the quantity demanded equals the quantity supplied such that an economic equilibrium is achieved for price and quantity transacted. The concept of supply and demand forms the theoretical basis of modern economics. In situations where a firm has market power, its decision on how much output to bring to market influences the market price, in violation of perfect competition. There, a more complicated model should be used; for example, an oligopoly or product differentiation, differentiated-product model. Likewise, where a buyer has market power, models such as monopsony will be more a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proletarian Revolution
A proletarian revolution or proletariat revolution is a social revolution in which the working class attempts to overthrow the bourgeoisie and change the previous political system. Proletarian revolutions are generally advocated by socialists, communists and anarchists. Interpretations The concept of a revolutionary proletariat was first put forward by the French revolutionary socialist and radical Auguste Blanqui. The Paris Commune, contemporary to Blanqui and Karl Marx, being viewed by some as the first attempt at a proletarian revolution. Marx wrote of the class conscious proletariat being the active agent of revolution, which distinguished him from Blanqui who viewed a selective revolutionary conspiracy among all the lower classes as being the driving force of a proletarian revolution. This was also in contrast to the views of the communist William Weitling and the anarchist Mikhail Bakunin who viewed the '' lumpenproletariat'' as the driver of the proletarian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capitalist Mode Of Production (Marxist Theory)
Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit. This socioeconomic system has developed historically through several stages and is defined by a number of basic constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth. Capitalist economies tend to experience a business cycle of economic growth followed by recessions. Economists, historians, political economists, and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include '' laissez-faire'' or free-market capitalism, state capitalism, and welfare capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership, obstacles to free competition, and state-sanctioned social pol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alienated Labor
Karl Marx's theory of alienation describes the separation and estrangement of people from their work, their wider world, their human nature, and their selves. Alienation is a consequence of the division of labour in a capitalist society, wherein a human being's life is lived as a mechanistic part of a social class. The theoretical basis of alienation is that a worker invariably loses the ability to determine life and destiny when deprived of the right to think (conceive) of themselves as the director of their own actions; to determine the character of these actions; to define relationships with other people; and to own those items of value from goods and services, produced by their own labour. Although the worker is an autonomous, self-realised human being, as an economic entity this worker is directed to goals and diverted to activities that are dictated by the bourgeoisie—who own the means of production—in order to extract from the worker the maximum amount of surplus va ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
