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Wages, Price and Profit

Karl Marx
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Year
2021
Language
English

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How are wages and prices determined? What is the difference between labor and labor power? How do capitalists make profits? Are workers' struggles to raise wages and shorten working hours in vain? Is the demand for “fair wages” meaningful? Can workers be content with the wage struggle?

Karl Marx, who carried out the preparatory work for Capital in the 1850s and 60s, made a presentation about the economic struggles of the working class to the leaders of the First International in 1865, two years before the first volume of this work was published. In this presentation, many topics and concepts that were examined in depth in Capital were discussed in a way that could be understood by those, who do not have experience in economics. In other words, Wages, Price and Profit can also be read as an "introduction to Capital" work.

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