Capital a Critique of Political Economy

Cover Capital a Critique of Political Economy
Capital a Critique of Political Economy
Marx Karl
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671. ) The women earn by the same working-time a week's wage of only 5 shillings. (1. C. , p. 137, n. 674. ) TIME-WAGES 549 man does the work of 1% or 2 men, the supply of labour increases, although the supply of labour-power on the market remains constant. The competition thus created between the labourers allows the capitalist to beat down the price of labour, whilst the falling price of labour allows him, on the other hand, to screw up still further the working-time. L Soon, however, this co...mmand over abnormal quantities of unpaid labour, i. E. , quantities in ex- cess of the average social amount, becomes a source of competition amongst the capitalists themselves. A part of the price of the com- modity consists of the price of labour. The unpaid part of the la- bour-price need not be reckoned in the price of the commodity. It may be presented to the buyer. This is the first step to which com- petition leads. The second step to which it drives, is to exclude also from the selling price of the commodity, at least a part of the abnormal surplus-value created by the extension of the working- day.

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