A review by decadent_and_depraved
Wage Labour and Capital by Karl Marx

3.0

There is a lot of outdated economics in this book, but I do not fault Marx for it, for the capitalism of his time was much different than the capitalism of our times, yet more importantly, same in many ways. Today we can see that products will not fall in line with the cost of its production. We have brands and marketing which entirely render nill this line of argumentation. As for the critique of the improvement of technology, I find his arguments rather imponent and without hope. I particularly liked the mention of the relationship between wages, inflation, and prices, despite it today being commonly accepted as a piece of basic economic education. There are a few critiques that I am not yet certain about, for they seem quite ideological without actual bases in solid argumentation, but I am hoping that the questions I have will be answered in Marx's other works, or perhaps other Marxist works.