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The lowest and the only necessary rate of wages is that which provides for the
subsistence of the worker during work and for a supplement adequate to raise a
family so that the race of workers does not die out. According to Smith, the normal
When the capitals are equal and equally well applied, it is in proportion to their
natural fertility." 6 These propositions of Smith are important, because they relate
the. 1 Smith, op. cit., I, p. 131. - Ibid., pp. 324-5. 3 Ibid., p. 131. ' Ibid., p. 23o. s Ibid.
2 It is absurd to conclude, however, as Smith does, that since the landlord
exploits everything which benefits society, [X] the interest of the landlord is
always identical with that of society.3 In the economic system under the
domination of private ...
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LibraryThing ReviewUser Review - blake.rosser - LibraryThing
Marx's style is difficult to decipher. In "On the Jewish Question," it was difficult to determine exactly how ironic he was being. I've since learned that when talking about the Jewish Cult he was ... Read full review
LibraryThing ReviewUser Review - Kade - LibraryThing
Karl Marx's First, Second, and Third Economic & Philosophical Manuscripts are the highpoint of this book. Written prior to Das Kapital they outline the ideas that are later fully explored in the ... Read full review