University of Houston Digital Library: Socialist and Communist Pamphlets: Wage labour and capital

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Wage labour and capital

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Marx, Karl, 1818-1883. Wage labour and capital - Image 40. 1932. Special Collections, University of Houston Libraries. University of Houston Digital Library. Web. February 24, 2020. https://digital.lib.uh.edu/collection/scpamp/item/4652/show/4639.

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Marx, Karl, 1818-1883. (1932). Wage labour and capital - Image 40. Socialist and Communist Pamphlets. Special Collections, University of Houston Libraries. Retrieved from https://digital.lib.uh.edu/collection/scpamp/item/4652/show/4639

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Marx, Karl, 1818-1883, Wage labour and capital - Image 40, 1932, Socialist and Communist Pamphlets, Special Collections, University of Houston Libraries, accessed February 24, 2020, https://digital.lib.uh.edu/collection/scpamp/item/4652/show/4639.

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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

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Item Description

Title	Image 40
Format (IMT)	image/jpeg
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. ^