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Front Page arrow Titles (by Subject) arrow II. Depression of Wages Below their Value. - Capital: A Critique of Political Economy. Volume III: The Process of Capitalist Production as a Whole

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II. Depression of Wages Below their Value. - Karl Marx, Capital: A Critique of Political Economy. Volume III: The Process of Capitalist Production as a Whole [1894]

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Capital: A Critique of Political Economy. Volume III: The Process of Capitalist Production as a Whole, by Karl Marx. Ed. Federick Engels. Trans. from the 1st German edition by Ernest Untermann (Chicago: Charles H. Kerr and Co. Cooperative, 1909).

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II. Depression of Wages Below their Value.

This is mentioned only empirically at this place, since it, like many other things, which might be enumerated here, has nothing to do with the general analysis of capital, but belongs in a presentation of competition, which is not given in this work. However, it is one of the most important causes checking the tendency of the rate of profit to fall.