Capital: Critique of Political Economy v. 2 (Penguin Classics) PDF Karl Marx

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The dual function of the ‘industrial reserve army of labour’, both as regulator of wages (assuring that the rate of surplus-value remains above a certain level) and as material precondition of expanded reproduction, should not be overlooked. If ‘traditional’ means of increasing or maintaining that ‘reserve army’ are drying up (where, for example, independent peasants, handicraftsmen and shop-keepers have declined as a proportion of the total active population, or where substitution of machines for men in industry is slowing down), then new sources can always be tapped through sweeping transformation of housewives into wage-labourers; mass immigration of labour; extensive re-deployment of student youth onto the labour market, and so on.15

Marx’s giant step forward in economic analysis may be gauged by the fact that, until this very day, most academic economists have still not fully gra

• Book Name: Capital: Critique of Political Economy v. 2 (Penguin Classics) pdf
• Author Name Karl Marx
• Product Type pdf,epub Digital Book
• Added Year 2006

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