Description
Originally written as a series of newspaper articles in 1847 WageLabor and Capital were intended to give an overview of Marxs 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 labor from laborpower 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 Karl Heinrich Marx FRSA was a German philosopher a critic of political economy economist historian sociologist political theorist journalist and socialist revolutionary His bestknown titles are the 1848 pamphlet The Communist Manifesto and the fourvolume Das Kapital
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