The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Labour Power

  • G. de Vivo
Reference work entry


The introduction of this notion has generally been regarded by Marxists as a crucial difference between their own and bourgeois economic theory. They have claimed that it allowed Marx to overcome a basic difficulty in Ricardo’s (and, more generally, in classical) theory.

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  5. Marx, K. 1867. Capital. A critique of political economy, vol. I. London: Lawrence & Wishart, 1977.Google Scholar

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • G. de Vivo
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  1. 1.