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Reserve army of labour is a concept in Karl Marx's critique of political economy. [1] It refers to the unemployed and underemployed in capitalist society . It is synonymous with "industrial reserve army" or "relative surplus population", except that the unemployed can be defined as those actually looking for work and that the relative surplus ...
This increase in real wages could nevertheless be accompanied by decrease in the labor share, and an increase in the power of the capitalist class. A Marx had recognized as early as Wage Labour and Capital (1847): "If capital grows rapidly, wages may rise, but the profit of capital rises disproportionately faster. The material position of the ...
The distinction between labour and labour-power, according to Marx, helped to solve a problem that David Ricardo had failed to solve, i.e. explaining why the surplus value resulting from profit normally arises out of the process of production itself—rather than in the investment of capital (e.g. the advance of money-capital in the form of ...
"The Rehabilitation of the Rabble: How and why Marx and Engels wrongly depicted the lumpenproletariat as a reactionary force". Netherlands Journal of Sociology. 20: 13– 41. Draper, Hal (December 1972). "The Concept of the Lumpenproletariat in Marx and Engels". Économies et Sociétés. 15: 2285–3 12. ISSN 0013-0567. Hayes, Peter.
Labour process theory (LPT) is a Marxist theory of the organization of work under capitalism.Researchers in critical management studies, organization studies, and related disciplines have used LPT to explain antagonistic relationships between employers and employees in capitalist economies, with a particular focus on problems of deskilling, worker autonomy, and managerial control at the point ...
Marx failed to systematically theorize the impact of demographic effects on economic reproduction, except that he studied the reserve army of labour and criticized the "overpopulation" theories of Thomas Malthus. Malthus was anxious that population growth would outstrip the capacity of the economy to sustain all the new people.
Marx viewed the colonization of the Americas, the African slave trade, and the events surrounding the First Opium War and Second Opium War as important instances of primitive accumulation. [6]: 14 In The German Ideology and in volume 3 of Capital, Marx discusses how primitive accumulation alienates humans from nature. [6]: 14
Marx published about the categories of abstract and concrete labour for the first time in A Contribution to the Critique of Political Economy (1859) and they are discussed in more detail in chapter 1 of Capital, Volume I, where Marx writes: "On the one hand all labour is, speaking physiologically, an expenditure of human labour power, and in ...