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 44. 1932. Special Collections, University of Houston Libraries. University of Houston Digital Library. Web. January 24, 2021. https://digital.lib.uh.edu/collection/scpamp/item/4652/show/4643.

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Marx, Karl, 1818-1883. (1932). Wage labour and capital - Image 44. Socialist and Communist Pamphlets. Special Collections, University of Houston Libraries. Retrieved from https://digital.lib.uh.edu/collection/scpamp/item/4652/show/4643

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Marx, Karl, 1818-1883, Wage labour and capital - Image 44, 1932, Socialist and Communist Pamphlets, Special Collections, University of Houston Libraries, accessed January 24, 2021, https://digital.lib.uh.edu/collection/scpamp/item/4652/show/4643.

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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 44
Format (IMT)	image/jpeg
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.