Episode from the podcastWage-Labour and Capital by Karl Marx (1818 - 1883)

By What is the Price of a Commodity Determined?

Released Thursday, 30th May 2024

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By What is the Price of a Commodity Determined?

By What is the Price of a Commodity Determined?

Thursday, 30th May 2024

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Originally written as a series of newspaper articles in 1847, Wage-Labour and Capital was intended to give an overview of Marx’s central theories regarding the economic relationships between workers and capitalists. These theories outlined include the Marxian form of the Labour Theory of Value, which distinguishes “labour” from “labour-power”, and the Theory of Concentration of Capital, which states that capitalism tends towards the creation of monopolies and the disenfranchisement of the middle and working classes. These theories were later elaborated in Volume 1 of Capital, published in 1867. This edition of Wage-Labour and Capital, published in 1891, was edited and translated by Friedrich Engels, and remains one of the most widely read of Marx’s works. (Description by Carl Manchester).

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