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Shop talks on economics
Image 26
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Marcy, Mary, 1877-1922. Shop talks on economics - Image 26. 1911. Special Collections, University of Houston Libraries. University of Houston Digital Library. Web. September 23, 2017. http://digital.lib.uh.edu/collection/scpamp/item/892/show/849.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marcy, Mary, 1877-1922. (1911). Shop talks on economics - Image 26. Socialist and Communist Pamphlets. Special Collections, University of Houston Libraries. Retrieved from http://digital.lib.uh.edu/collection/scpamp/item/892/show/849

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marcy, Mary, 1877-1922, Shop talks on economics - Image 26, 1911, Socialist and Communist Pamphlets, Special Collections, University of Houston Libraries, accessed September 23, 2017, http://digital.lib.uh.edu/collection/scpamp/item/892/show/849.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Compound Item Description
Title Shop talks on economics
Creator (LCNAF)
  • Marcy, Mary, 1877-1922
Publisher Charles H. Kerr & Company
Place of Creation (TGN)
  • Chicago, Illinois
Date 1911
Subject.Topical (LCSH)
  • Economics
  • Socialism
  • Marxian economics
Genre (AAT)
  • pamphlets
Language English
Type (DCMI)
  • Text
Original Item Extent 58, [6] pages; 18 cm.
Original Item Location HX86.M3 1911
Original Item URL http://library.uh.edu/record=b8304396~S11
Original Collection Socialist and Communist Pamphlets
Digital Collection Socialist and Communist Pamphlets
Digital Collection URL http://digital.lib.uh.edu/collection/scpamp
Repository Special Collections, University of Houston Libraries
Repository URL http://libraries.uh.edu/branches/special-collections
Use and Reproduction This item is in the public domain and may be used freely.
File Name index.cpd
Item Description
Title Image 26
Format (IMT)
  • image/jpeg
File Name uhlib_3783716_025.jpg
Transcript 24 I OP TALKS ON ECONOMICS enough value to pay his own wages, but the boss, having bought the laboring-power by the day, may be able to make the wage-worker work ten hours daily. The miner needs only to work two hours to produce a value of $2.00 to reproduce his labor-power. As Marx would say: He must daily reproduce a value of $2.00 (which he will do in two hours), to daily reproduce his labor- power. But when he sells his laboring-power to the boss the boss acquires the right to use his labor-power the entire day—as many hours as the worker's physical endurance will permit. If he forces the miner to work ten hours daily, the workingman will be laboring eight hours beyond the time necessary to pay his own wages (or value of his labor-power). These eight hours of surplus labor are embodied in a surplus value or a surplus product. In two hours the miner produces in coal value sufficient to pay for his labor-power, but in the eight succeeding hours of labor he will produce coal valuing $8.00, all of which the capitalist retains for himself. Since the miner sold his laboring-power to the capitalist, the coal, or value the miner produces, belongs to the capitalist. Thus the capitalist spends $2.00 a day in wages (or two hours of labor) and acquires coal, or other commodities, equal to $10.00 (or ten hours of labor). Thus come profits. A*