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Abstract labour and concrete labour refer to a distinction made by Karl Marx in his critique of political economy.It refers to the difference between human labour in general as economically valuable worktime versus human labour as a particular activity that has a specific useful effect within the (capitalist) mode of production.
The authors argue that, according to Marx, the value of a commodity indicates the abstract labor time required for its production; however Marxists have been unable to identify a way to measure a unit (elementary particle) of abstract labor (indeed the authors argue that most have given up and little progress has been made beyond Marx's ...
Time, Labor and Social Domination: A Reinterpretation of Marx's Critical Theory is a 1993 book by the scholar Moishe Postone released by Cambridge University Press. In the book Postone presents a reinterpretation of Marx's critical theory. The book provides a reexamination of the core categories in Marx's critique of political economy. [1] [2] [3]
Marx criticizes the classical economists for having an abstract and superficial understanding of labor, arguing that their theories miss the deeper connections between various economic factors. Unlike classical economists, who start with presuppositions and offer general laws, Marx aims to explain the essential connections among private ...
Marx separates it into two different types: concrete and abstract labor. [15] Concrete labor can be thought of as the unique characteristics of labor such as the work of a farmer versus a tailor. Abstract labor, on the other hand, is the general conceptualization of human labor. [16] It represents the expenditure of simple human labor power. [15]
Marx concludes that as value is determined by labour, and as profit is the appropriated surplus value remaining after paying wages, that the maximum profit is set by the minimum wage necessary to sustain labour, but is in turn adjusted by the overall productive powers of labour using given tools and machines, the length of the workday, the ...
Marx was very aware of this and in Das Kapital provides many illustrations, often taken from the Blue Books and factory inspector's reports. Part of the role of the state is to secure those general (collective) conditions for the reproduction and maintenance of workers which individuals and private enterprise cannot secure by themselves for one ...
Marx/Engels Collected Works (also known as MECW) is the largest existing collection of English translations of works by Karl Marx and Friedrich Engels.Its 50 volumes contain publications by Marx and Engels released during their lifetimes, many unpublished manuscripts of Marx's economic writings, and extensive personal correspondence.