Wages, Price and Profit
Wages, Price and Profit
Book Brief
Beta92
Book • Nonfiction
•
PhilosophyEngland • 19th century
•
Business & Economics•
Politics & Government2004
Adult
18+ years
Super Short Summary
In Wages, Price and Profit, Karl Marx discusses the relationship between wages, prices, and profits, emphasizing economic principles and class struggles. Marx analyzes the dynamics of capitalist economies, exploring the impact of labor and production on income distribution. The text highlights how profit and wages are affected by market forces and labor exploitation.
Informative
Challenging
Contemplative
Mysterious
Reviews & Readership
1,681 ratings
Loved it
Mixed feelings
Not a fan
Review Roundup
Wages, Price and Profit is praised for its clear exposition of labor theory and capitalist critique, offering valuable insights into class struggles and economic dynamics. While its theoretical depth is appreciated, some critique it as dense and less accessible to general readers. Overall, it remains a crucial text for understanding Marxist economics.
Who Should Read Wages, Price and Profit?
Readers who would enjoy Wages, Price and Profit by Karl Marx typically have an interest in political economy, labor theory, and Marxist economics. Similar to readers of Smith's The Wealth of Nations and Ricardo's Principles of Political Economy and Taxation, they seek insights into capitalist dynamics and labor value.
1,681 ratings
Loved it
Mixed feelings
Not a fan
Wages, Price and Profit is based on a speech Karl Marx gave at the General Council of the First International in 1865, showcasing his skill not just as a writer but also as an orator.
The pamphlet is unique as it encapsulates Marx's ideas on economics in a more accessible format, making it a common starting point for those new to Marxist thought.
Subscribe to discover more Fun Facts!
Despite its relatively concise length compared to his other works, Wages, Price and Profit effectively condenses many of the core concepts that Marx elaborated on in Das Kapital.
Subscribe to discover more Fun Facts!
92
Book • Nonfiction
•
PhilosophyEngland • 19th century
•
Business & Economics•
Politics & Government2004
Adult
18+ years
We’re just getting started
Add this title to our list of requested Study Guides!