How are wages and prices determined? What is the difference between labor and labor power? How do capitalists make a profit?
Are the struggles of workers to raise wages and reduce working hours in vain? Is the demand for "fair wages" meaningful? Can workers limit themselves to wage struggles alone?
In the 1850s and 60s, while preparing for Capital, Karl Marx presented these questions to the leaders of the First International in 1865, two years before the first volume of Capital was published. Many topics and concepts deeply explored in Capital were addressed in this presentation in a way that even those not well-versed in economics could understand. In other words, Wages, Price and Profit can also be read as an introduction to Capital.
Originally written in English and published after the deaths of Marx and his co-founders of Marxism, this work offers a comprehensive insight into the economic struggles of the working class.