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Karl Marx's three volume Capital: A Critique of Political Economy is widely regarded as one of the greatest written critiques of capitalism. [citation needed]Criticism of capitalism typically ranges from expressing disagreement with particular aspects or outcomes of capitalism to rejecting the principles of the capitalist system in its entirety. [1]
In Das Kapital (1867), Marx proposes that the motivating force of capitalism is in the exploitation of labor, whose unpaid work is the ultimate source of surplus value.The owner of the means of production is able to claim the right to this surplus value because they are legally protected by the ruling regime through property rights and the legally established distribution of shares which are ...
Marx explained his belief that, in such a society, each person would be motivated to work for the good of society despite the absence of a social mechanism compelling them to work, because work would have become a pleasurable and creative activity. Marx intended the initial part of his slogan, "from each according to his ability" to suggest not ...
To answer these, Marx quotes from three sources. First, German liberal writer Wilhelm Schulz on the pauperization of workers, the dehumanizing effects of machinery, and the growing number of women and children working. Second, Constantin Pecqueur’s thoughts on workers’ dependence and degradation under capitalism. Third, Eugene Buret’s ...
On the Jewish Question" is a response by Karl Marx to then-current debates over the Jewish question. Marx wrote the piece in 1843, and it was first published in Paris in 1844 under the German title "Zur Judenfrage" in the Deutsch–Französische Jahrbücher.
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 ...
Capital. A Critique of Political Economy. Volume I: The Process of Production of Capital (German: Das Kapital.Kritik der politischen Ökonomie Erster Band. Buch I: Der Produktionsprocess des Kapitals) is the first of three treatises that make up Das Kapital, a critique of political economy by the German philosopher and economist Karl Marx.
Capital is a central concept in Marxian critique of political economy, and in Marxian thought more generally.. Marxists view capital as a social relation reproduced by the continuous expenditure of wage labour.