005 - By What are Wages Determined

Originally crafted as a series of newspaper articles in 1847, Wage-Labour and Capital serves as a foundational overview of Marx’s pivotal theories on the economic dynamics between workers and capitalists. Key concepts explored include the Marxian Labour Theory of Value, which differentiates between labour and labour-power, and the Theory of Concentration of Capital, which posits that capitalism inherently promotes monopolies and marginalizes the middle and working classes. These ideas were further developed in Volume 1 of Capital, published in 1867. This 1891 edition, edited and translated by Friedrich Engels, has become one of Marx’s most widely read works. (Description by Carl Manchester).