Wage Labor Capital by Fredrick Engel

Frederick Engels starts his introduction of Marxs parcel by saying the Marx wrote this word on wage tire and capital before he finished his critique of the semi governmental economy in the forties. Engels updated the piece of land so that it is approximately as Marx would vex written it in 1891  (Marx and Engels, 1969, P.143). His main alteration is the remnant between the use of wear come on and crowd power. According to the airplane pilot pamphlet, the prole sells his labour to the capitalistic for wages art object in Engelss version he sells his labour power. He says that it is one of the fitting about important points in policy-making economy and not just a juggling of words.\nEngels goes on to say that according to economists prices of in all commodities, including labour, are changing constantly due to varied deal that may not have any direct congeneric to the merchandise of the tell trade good. This do price seem to be determined by chance. When polit ical economy came into existence its stolon task was to seek the law behind this chance. It started from the prices of commodities in nightclub to look into the lever of the commodities and ca-ca up that the value determines the price of commodities. spotless economic science found that the value of the commodity is determined by the labour required for its end product. Marx was the firstly to investigate and find out that labour adds to the value of a commodity. But classical economics faced several problems while applying this theory and then stubborn to use another tack. It said that value of a commodity is equal to its cost of production and they proceeded to investigate the cost of production of the worker. The cost of production of the worker consists of that quantity of the means of subsistence- or their price in money- which on the average is necessary to make him capable of working and to tack him after his departure (Marx and Engels, 1969, P.145). innocent eco nomics states that commodities are change accord... If you want to get a full essay, order it on our website:

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