Wage-Labor and Capital

Karl Marx 5 May 1818 – 14 March 1883) was a great German philosopher, economist, sociologist, journalist, and revolutionary socialist. Marx's work in economics laid the basis for much of the current understanding of labour and its relation to capital, and subsequent economic thought. He published numerous books during his lifetime, the most notable being "The Communist Manifesto", "Wage Labour" well known all over the world "Das Kapital".


Wage-Labor and Capital is an essay on economics by Karl Marx, written in 1847. This book has been widely acclaimed as the precursor to Marx’s masterpiece Das Kapital. The ideas that are expressed in the book have a very thorough economic contemplation about them as he put aside some of his materialist conceptions of history for the time being. This book did, however, start to show an increased scientific rationale on his ideas of "alienated labor," which in Marx’s perspective would eventually lead to the proletarian revolution.