53 pages • 1 hour read
Wage Labour and Capital & Value, Price and Profit
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Book Brief
Wage Labour and Capital & Value, Price and Profit
Nonfiction | Reference/Text Book | Adult | Published in 1848154
Reference/Text Book • Nonfiction
1840s-1860s
1848
Adult
18+ years
Super Short Summary
In Wage Labour and Capital and Value, Price and Profit, Karl Marx examines the exploitative dynamics of capitalism, highlighting how the capitalist mode of production alienates workers by exchanging their labor power for wages that barely cover their subsistence. Capitalists profit by extracting surplus value from unpaid labor, creating a fundamental antagonism between capital and labor.
Informative
Challenging
Contemplative
Reviews & Readership
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Review Roundup
Karl Marx's Wage Labour and Capital & Value, Price and Profit offer foundational insights into Marxist economic theory. They are praised for clarity in explaining labor value, surplus value, and critiques of capitalism. However, some readers find the works dense and challenging without prior economic knowledge. Essential reading for understanding Marxist economics, but best approached with background study.
Who Should Read Wage Labour and Capital & Value, Price and Profit?
Readers who would enjoy Wage Labour and Capital & Value, Price and Profit by Karl Marx are those interested in Marxist theory, the dynamics of capitalism, and economic history. They likely appreciate works such as Adam Smith's The Wealth of Nations and Thomas Piketty's Capital in the Twenty-First Century.
2,977 ratings
Loved it
Mixed feelings
Not a fan
Friedrich Engels
Friedrich Engels
A close collaborator and financial supporter of Marx, Engels co-authored significant works and contributed to the development of socialist theory alongside Marx.
John Weston
John Weston
A member of the General Council of the First International, he raised critical points about wage increases and trade unions, prompting Marx to address and refute his claims.
Eleanor Marx
Eleanor Marx
The youngest daughter of Karl Marx, who, alongside her partner Edward Aveling, was instrumental in editing and publishing Marx's works posthumously.
Edward Aveling
Edward Aveling
Eleanor Marx's partner, who assisted in the publication of Marx's works, although his personal reputation later became controversial.
154
Reference/Text Book • Nonfiction
1840s-1860s
1848
Adult
18+ years
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