University of Houston, 4333 University Drive, Houston TX 77204-2000, (713) 743-1050.
© 2013 University of Houston. All rights reserved.
| Title | Wage labour and capital |
| Creator (LCNAF) |
|
| Contributor (LCNAF) |
|
| Publisher | International Publishers |
| Place of Creation (TGN) |
|
| Date | 1932 |
| Subject.Topical (LCSH) |
|
| Genre (AAT) |
|
| Language | English |
| Type (DCMI) |
|
| 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 |
| Title | Image 32 |
| Format (IMT) |
|
| File Name | uhlib_2981922_031.jpg |
| Transcript | 30 WAGE-LABOUR AND CAPITAL exchangeable for others are commodities. The definite propor tion in which they are exchangeable forms their exchange value or, expressed in money, their price. The quantity of these products can have no effect on their character as commodities, as representing an exchange value, as having a certain price. Whether a tree be large or small, it remains a tree. Whether we exchange iron in pennyweights or in hundredweights, foi other products, does this alter its character: its being a commodity, an exchange value? According to the quantity, it is a commodity of greater or of lesser value, of higher or of lower price. How then does a sum of commodities, of exchange values, become capital? Thereby, that as an independent social power, i.e., as the power of a part of society, it preserves itself and multiplies by exchange with direct, living labour-power. The existence of a class which possesses nothing but the ability to work is a necessary presupposition of capital. It is only the dominion of past, accumulated, materialised labour over immediate living labour that stamps the accumulated labour with the character of capital. Capital does not consist in the fact that accumulated labour serves living labour as a means for new production. It consists in the fact that living labour serves accumulated labour as the means of preserving and multiplying its exchange value. W an lal m la P1 a i i |