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 44 |
Format (IMT) |
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File Name | uhlib_2981922_043.jpg |
Transcript | 42 WAGE-LABOUR AND CAPITAL favourable period of the industry. According as the market price of the yard of linen stands above or below its former cost of production, will the percentage vary at which the capitalist who has made use of the new and more fruitful means of production sell above his real cost of production. But the privilege of our capitalist is not of long duration. Other competing capitalists introduce the same machines, the same division of labour, and introduce them upon the same or even upon a greater scale. And finally this introduction becomes so universal that the price of the linen is lowered not only below its old, but even below its new cost of production. The capitalists therefore find themselves, in their mutual relations, in the same situation in which they were before the introduction of the new means of production; and if they are by these means enabled to offer double the product at the old price, they are now forced to furnish double the product for less than the old price. Having arrived at the new point, the new cost of production, the battle for supremacy in the market has to be fought out anew. Given more division of labour and more machinery, and there results a greater scale upon which division of labour and machinery are exploited. And competition again brings the same reaction against this result. |