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Labour Power

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Abstract

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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Bibliography

  • De Vivo, G. 1982. Notes on Marx’s critique of Ricardo. Contributions to Political Economy 1: 87–99.

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  • Engels, F. 1891. Introduction to K. Marx, wage labour and capital. In Collected works, vol. 9, ed. Marx Engels. London: Lawrence & Wishart, 1977.

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  • Mandel, E. 1967. The formation of the economic thought of Karl Marx. London: New Left Books, 1971.

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  • Marx, K. 1862–3. Theories of surplus value, vols. I–III. London: Lawrence & Wishart, 1969–72.

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

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de Vivo, G. (2018). Labour Power. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_768

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