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Wage labour and capital
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Marx, Karl, 1818-1883. Wage labour and capital - Image 10. 1932. Special Collections, University of Houston Libraries. University of Houston Digital Library. Web. August 4, 2020. https://digital.lib.uh.edu/collection/scpamp/item/4652/show/4609.

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.

Marx, Karl, 1818-1883. (1932). Wage labour and capital - Image 10. Socialist and Communist Pamphlets. Special Collections, University of Houston Libraries. Retrieved from https://digital.lib.uh.edu/collection/scpamp/item/4652/show/4609

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.

Marx, Karl, 1818-1883, Wage labour and capital - Image 10, 1932, Socialist and Communist Pamphlets, Special Collections, University of Houston Libraries, accessed August 4, 2020, https://digital.lib.uh.edu/collection/scpamp/item/4652/show/4609.

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 Wage labour and capital
Creator (LCNAF)
  • Marx, Karl, 1818-1883
Contributor (LCNAF)
  • Engels, Friedrich, 1820-1895
Publisher International Publishers
Place of Creation (TGN)
  • New York, New York
Date 1932
Subject.Topical (LCSH)
  • Wages
  • Capital
Genre (AAT)
  • pamphlets
Language English
Type (DCMI)
  • Text
Original Item Extent 48 pages; 20 cm
Original Item Location HB301.M3813 1932
Original Item URL http://library.uh.edu/record=b8302360~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 In Copyright: This item is protected by copyright. Copyright to this resource is held by the creator or current rights holder, and the resource is provided here for educational purposes. It may not be reproduced or distributed in any format without permission of the copyright owner. Users assume full responsibility for any infringement of copyright or related rights.
Note Translation of Lohnarbeit und Kapital.
File Name index.cpd
Item Description
Title Image 10
Format (IMT)
  • image/jpeg
File Name uhlib_2981922_009.jpg
Transcript 8 WAGE-LABOUR AND CAPITAL a month, a year? The labour of a day, a week, a month, a year. If labour is the measure of all values, we can express the " value of labour " only in labour. But we know absolutely nothing about the value of an hour's labour, if all that we know about it is that it is equal to one hour's labour. So thereby we have not advanced one hair's breadth nearer our goal; we are constantly turning about in a circle. Classical economics, therefore, essayed another turn. It said: the value of a commodity is equal to its cost of production. But what is the cost of production of " labour " ? In order to answer this question, the economists are forced to strain logic just a little. Instead of investigating the cost of production of labour itself, which, unfortunately, cannot be ascertained, they now investigate the cost of production of the labourer. And this latter can be ascertained. It changes according to time and circumstances, but for a given condition of society, in a given locality, and in a given branch of production, it, too, is given, at least within quite narrow limits. We live to-day under the regime of capitalist production, under which a large and steadily growing class of the population can live only on the condition that it works for the owners of the means of production—tools, machines, raw materials, and means of subsistence—in return for wages. On the basis of this mode of production, the labourer's cost of production consists of the sum of the means of subsistence (or their price in money) which on the average are requisite to enable him to work, to maintain in him this capacity for work, and to replace him at his departure, by reason of age, sickness, or death, with another labourer—that is to say, to propagate the working class in required numbers. Let us assume that the money price of these means of subsistence averages 3 shillings a day. Our labourer gets therefore a daily wage of 3 shillings from his employer. For this, the capitalist lets him work, say, twelve hours a day. Our capitalist, moreover, calculates somewhat in the following fashion: Let us assume that our labourer (a machinist) has to make a part of a machine which he finishes in one day. The raw material (iron and brass in the necessary prepared form) costs 20 shillings. The consumption of coal by the steam-engine, the wear and tear of this engine itself, of the turning-lathe, and of the other tools with which our labourer works, represent for one day and one labourer