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5 - Selected Texts on Economics, History, and Social Science

Published online by Cambridge University Press:  05 June 2012

Daniel M. Hausman
Affiliation:
University of Wisconsin, Madison
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Summary

Reprinted here are three texts. The first, “Estranged Labour” from Marx's Economic and Philosophical Manuscripts of 1844, provides a sweeping overview of his vision of the way in which the economic relations among people and the products of those relations dominate the very people who create and sustain those relations. The second, Marx's “Preface” to A Contribution to the Critique of Political Economy, very briefly sketches Marx's historical materialism, whereby the state of technology determines the economic relations among people, which in turn determine legal and political relations and the course of history. The third, “The Method of Political Economy,” which is a section of the “Introduction” to A Contribution to the Critique of Political Economy, contains Marx's most explicit and sustained discussion of economic methodology.

Estranged Labour

We have started out from the premises of political economy. We have accepted its language and its laws. We presupposed private property; the separation of labour, capital, and land, and likewise of wages, profit, and capital; the division of labour; competition; the conception of exchange value, etc. From political economy itself, using its own words, we have shown that the worker sinks to the level of a commodity, and moreover the most wretched commodity of all; that the misery of the worker is in inverse proportion to the power and volume of his production; that the necessary consequence of competition is the accumulation of capital in a few hands and hence the restoration of monopoly in a more terrible form; and that, finally, the distinction between capitalist and landlord, between agricultural worker and industrial worker, disappears and the whole of society must split into the two classes of property owners and propertyless workers.

Type
Chapter
Information
The Philosophy of Economics
An Anthology
, pp. 108 - 128
Publisher: Cambridge University Press
Print publication year: 2007

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