Title | Wage labour and capital |
Creator (LCNAF) |
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Contributor (LCNAF) |
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Publisher | International Publishers |
Place of Creation (TGN) |
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Date | 1932 |
Subject.Topical (LCSH) |
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Genre (AAT) |
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Language | English |
Type (DCMI) |
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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 40 |
Format (IMT) |
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File Name | uhlib_2981922_039.jpg |
Transcript | 38 WAGE-LABOUR AND CAPITAL fluctuations in the prices of commodities, the average price of every commodity, the proportion in which it exchanges for other commodities, is determined by its cost of production. The acts of overreaching and taking advantage of one another within the capitalist ranks necessarily equalise themselves. The improvements of machinery, the new applications of the forces of nature in the service of production, make it possible to produce in a given period of time, with the same amount of labour and capital, a larger amount of products, but in no wise a larger amount of exchange values. If by the use of the spinning-machine I can furnish twice as much yarn in an hour as before its invention— for instance, one hundred pounds instead of fifty pounds—in the long run I receive back, in exchange for this one hundred pounds no more commodities than I did before for fifty; because the cost of production has fallen by one-half, or because I can furnish double the product at the same cost. Finally, in whatsoever proportion the capitalist class, whether of one country or of the entire world-market, distribute the net revenue of production among themselves, the total amount of this net revenue always consists exclusively of the amount by which accumulated labour has been increased from the proceeds of direct labour. This whole amount, therefore, grows in the same proportion in which labour augments capital, i.e., in the same proportion in which profit rises as compared with wages. ^ |