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Labour power

Index Labour power

Labour power (in German: Arbeitskraft; in French: force de travail) is a key concept used by Karl Marx in his critique of capitalist political economy. [1]

70 relations: Abstract labour and concrete labour, Adam Smith, Authority, Ben Fine, Border control, Capital accumulation, Capital, Volume I, Capitalism, Compensation of employees, Constant capital, Das Kapital, David Ricardo, Economic growth, Elements of the Philosophy of Right, Employment, Ernest Mandel, Exile, Exploitation of labour, Fiscal policy, French language, Friedrich Engels, Full employment, Geoffrey Hodgson, Georg Wilhelm Friedrich Hegel, German language, Guaranteed minimum income, Harry Braverman, Herbert Gintis, Human capital, Hustling, Ian Gough, Ian Steedman, Information society, Karl Marx, Labour economics, Labour market flexibility, Law, Makoto Itoh, Management, Marcel van der Linden, Marxian economics, Means of production, Minimum wage, Monetary policy, Neoclassical economics, Political economy, Price controls, Productive and unproductive labour, Reification (Marxism), Reserve army of labour, ..., Robert Rowthorn, Roman Rozdolsky, Samuel Bowles (economist), Social class, Supply and demand, Surplus labour, Surplus product, Surplus value, The American Economic Review, Time-use survey, Tom Brass, Trade union, Unemployment, Unemployment benefits, Use value, Valorisation, Value-added tax, Wage, Workforce, Working class. Expand index (20 more) »

Abstract labour and concrete labour

Abstract labour and concrete labour refer to a distinction made by Karl Marx in his critique of political economy.

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Adam Smith

Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.

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Authority

Authority derives from the Latin word and is a concept used to indicate the foundational right to exercise power, which can be formalized by the State and exercised by way of judges, monarchs, rulers, police officers or other appointed executives of government, or the ecclesiastical or priestly appointed representatives of a higher spiritual power (God or other deities).

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Ben Fine

Ben Fine (born 1948) is Professor of Economics at the University of London's School of Oriental and African Studies.

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Border control

Border controls are measures taken by a country to monitor or regulate its borders.

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Capital accumulation

Capital accumulation (also termed the accumulation of capital) is the dynamic that motivates the pursuit of profit, involving the investment of money or any financial asset with the goal of increasing the initial monetary value of said asset as a financial return whether in the form of profit, rent, interest, royalties or capital gains.

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Capital, Volume I

Capital.

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Capitalism

Capitalism is an economic system based upon private ownership of the means of production and their operation for profit.

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Compensation of employees

Compensation of employees (CE) is a statistical term used in national accounts, balance of payments statistics and sometimes in corporate accounts as well.

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Constant capital

Constant capital (c), is a concept created by Karl Marx and used in Marxian political economy.

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Das Kapital

Das Kapital, also known as Capital.

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David Ricardo

David Ricardo (18 April 1772 – 11 September 1823) was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill.

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Economic growth

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

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Elements of the Philosophy of Right

Elements of the Philosophy of Right (Grundlinien der Philosophie des Rechts) is a work by Georg Wilhelm Friedrich Hegel published in 1820, though the book's original title page dates it to 1821.

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Employment

Employment is a relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.

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Ernest Mandel

Ernest Ezra Mandel (also known by various pseudonyms such as Ernest Germain, Pierre Gousset, Henri Vallin, Walter; 5 April 1923 – 20 July 1995), was a Marxist economist and a Trotskyist activist and theorist.

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Exile

To be in exile means to be away from one's home (i.e. city, state, or country), while either being explicitly refused permission to return or being threatened with imprisonment or death upon return.

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Exploitation of labour

Exploitation of labour is the act of treating one's workers unfairly for one's own benefit.

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Fiscal policy

In economics and political science, fiscal policy is the use of government revenue collection (mainly taxes) and expenditure (spending) to influence the economy.

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French language

French (le français or la langue française) is a Romance language of the Indo-European family.

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Friedrich Engels

Friedrich Engels (. Random House Webster's Unabridged Dictionary.;, sometimes anglicised Frederick Engels; 28 November 1820 – 5 August 1895) was a German philosopher, social scientist, journalist and businessman.

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Full employment

Full employment means that everyone who wants a job have all the hours of work they need on "fair wages".

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Geoffrey Hodgson

Geoffrey Martin Hodgson (born 28 July 1946) is a Research Professor of Business Studies in the University of Hertfordshire, and also the editor-in-chief of the Journal of Institutional Economics. Hodgson is recognised as one of the leading figures of modern critical institutionalism which carries forth the critical spirit and intellectual tradition of the founders of institutional economics, particularly that of Thorstein Veblen.

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Georg Wilhelm Friedrich Hegel

Georg Wilhelm Friedrich Hegel (August 27, 1770 – November 14, 1831) was a German philosopher and the most important figure of German idealism.

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German language

German (Deutsch) is a West Germanic language that is mainly spoken in Central Europe.

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Guaranteed minimum income

Guaranteed minimum income (GMI), also called minimum income, is a system of social welfare provision that guarantees that all citizens or families have an income sufficient to live on, provided they meet certain conditions.

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Harry Braverman

Harry Braverman (December 9, 1920 – August 2, 1976) was an American Marxist, worker, political economist and revolutionary.

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Herbert Gintis

Herbert Gintis (born February 11, 1940) is an American economist, behavioral scientist, and educator known for his theoretical contributions to sociobiology, especially altruism, cooperation, epistemic game theory, gene-culture coevolution, efficiency wages, strong reciprocity, and human capital theory.

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Human capital

Human capital is a term popularized by Gary Becker, an economist and Nobel Laureate from the University of Chicago, and Jacob Mincer.

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Hustling

Hustling is the deceptive act of disguising one's skill in a sport or game with the intent of luring someone of probably lesser skill into gambling (or gambling for higher than current stakes) with the hustler, as a form of both a confidence trick and match fixing.

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Ian Gough

Ian Gough (born 10 November 1976) is a former Wales international rugby union footballer.

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Ian Steedman

Ian Steedman (born 1941 in London) was for many years a Professor of economics at the University of Manchester before moving down the road to Manchester Metropolitan University.

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Information society

An information society is a society where the creation, distribution, use, integration and manipulation of information is a significant economic, political, and cultural activity.

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Karl Marx

Karl MarxThe name "Karl Heinrich Marx", used in various lexicons, is based on an error.

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Labour economics

Labour economics seeks to understand the functioning and dynamics of the markets for wage labour.

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Labour market flexibility

The degree of labour market flexibility is the speed with which labour markets adapt to fluctuations and changes in society, the economy or production.

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Law

Law is a system of rules that are created and enforced through social or governmental institutions to regulate behavior.

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Makoto Itoh

is a Japanese economist and is considered internationally to be one of the most important scholars of Marx's theory of value.

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Management

Management (or managing) is the administration of an organization, whether it is a business, a not-for-profit organization, or government body.

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Marcel van der Linden

Marcel Marius van der Linden (born 9 October 1952) was director of research at the International Institute of Social History until 2014, is now Senior Researcher at the Institute, and also holds a professorship dedicated to the history of social movements at the University of Amsterdam.

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Marxian economics

Marxian economics, or the Marxian school of economics, refers to a school of economic thought tracing its foundations to the critique of classical political economy first expounded upon by Karl Marx and Friedrich Engels.

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Means of production

In economics and sociology, the means of production (also called capital goods) are physical non-human and non-financial inputs used in the production of economic value.

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Minimum wage

A minimum wage is the lowest remuneration that employers can legally pay their workers.

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Monetary policy

Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

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Neoclassical economics

Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.

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Political economy

Political economy is the study of production and trade and their relations with law, custom and government; and with the distribution of national income and wealth.

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Price controls

Price controls are governmental restrictions on the prices that can be charged for goods and services in a market.

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Productive and unproductive labour

Productive and unproductive labour are concepts that were used in classical political economy mainly in the 18th and 19th centuries, which survive today to some extent in modern management discussions, economic sociology and Marxist or Marxian economic analysis.

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Reification (Marxism)

In Marxism, reification (Verdinglichung, literally: "making into a thing") is the process by which social relations are perceived as inherent attributes of the people involved in them, or attributes of some product of the relation, such as a traded commodity.

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Reserve army of labour

Reserve army of labour is a concept in Karl Marx's critique of political economy.

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Robert Rowthorn

Robert "Bob" Rowthorn (born 20 August 1939) is Emeritus Professor of Economics at the University of Cambridge and has been elected as a Life Fellow of King’s College.

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Roman Rozdolsky

Roman Osipovich Rosdolsky (Роман Осипович Роздольский; Рома́н О́сипович Роздо́льський Roman Osipovič Rozdol's'kyj) (Lemberg, July 19, 1898 – Detroit, October 20, 1967) was an important Marxian scholar and political revolutionary.

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Samuel Bowles (economist)

Samuel Stebbins Bowles (born January 6, 1939), is an American economist and Professor Emeritus at the University of Massachusetts Amherst, where he continues to teach courses on microeconomics and the theory of institutions.

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Social class

A social class is a set of subjectively defined concepts in the social sciences and political theory centered on models of social stratification in which people are grouped into a set of hierarchical social categories, the most common being the upper, middle and lower classes.

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Supply and demand

In microeconomics, supply and demand is an economic model of price determination in a market.

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Surplus labour

Surplus labour (German: Mehrarbeit) is a concept used by Karl Marx in his critique of political economy.

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Surplus product

Surplus product (German: Mehrprodukt) is an economic concept explicitly theorised by Karl Marx in his critique of political economy.

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Surplus value

Surplus value is a central concept in Karl Marx's critique of political economy.

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The American Economic Review

The American Economic Review is a peer-reviewed academic journal of economics.

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Time-use survey

A time-use survey is a statistical survey which aims to report data on how, on average, people spend their time.

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Tom Brass

Tom Brass is an academic who has written widely on peasant studies.

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Trade union

A trade union or trades union, also called a labour union (Canada) or labor union (US), is an organization of workers who have come together to achieve many common goals; such as protecting the integrity of its trade, improving safety standards, and attaining better wages, benefits (such as vacation, health care, and retirement), and working conditions through the increased bargaining power wielded by the creation of a monopoly of the workers.

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Unemployment

Unemployment is the situation of actively looking for employment but not being currently employed.

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Unemployment benefits

Unemployment benefits (depending on the jurisdiction also called unemployment insurance or unemployment compensation) are payments made by the state or other authorized bodies to unemployed people.

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Use value

Use value (German: Gebrauchswert) or value in use is the utility of consuming a good—the want-satisfying power of a good or service in classical political economy.

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Valorisation

In Marxism, the valorisation or valorization of capital is the increase in the value of capital assets through the application of value-forming labour in production.

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Value-added tax

A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally, based on the increase in value of a product or service at each stage of production or distribution.

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Wage

A wage is monetary compensation (or remuneration, personnel expenses, labor) paid by an employer to an employee in exchange for work done.

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Workforce

The workforce or labour force (labor force in American English; see spelling differences) is the labour pool in employment.

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Working class

The working class (also labouring class) are the people employed for wages, especially in manual-labour occupations and industrial work.

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Redirects here:

Labor power, Labor-power, Labour-power.

References

[1] https://en.wikipedia.org/wiki/Labour_power

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