Wage-Labour and Capital

Wage-Labour and Capital, written by Karl Marx in 1847 and later published in 1891, is a foundational text that outlines Marx's theories on the economic dynamics between workers and capitalists. It introduces key concepts such as the Labour Theory of Value, which differentiates between 'labour' and 'labour-power', and the Theory of Concentration of Capital, which argues that capitalism leads to monopolies and the marginalization of the working and middle classes. This edition was edited and translated by Friedrich Engels and serves as an important precursor to Marx's more comprehensive work, Capital, published in 1867.