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  • Thumbnail for Truck wages
    Truck wages are wages paid not in conventional money but instead in the form of payment in kind (i.e. commodities, including goods and/or services); credit...
    14 KB (1,770 words) - 08:06, 1 April 2024
  • Minimum wage (redirect from Minimum wages)
    minimum wage legislation by the end of the 20th century. Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws...
    162 KB (20,236 words) - 23:53, 30 April 2024
  • Thumbnail for Commodity fetishism
    In Marxist philosophy, the term commodity fetishism describes the economic relationships of production and exchange as being social relationships that...
    55 KB (6,656 words) - 12:43, 28 March 2024
  • point of time. The nominal value of the commodity bundle at a point of time is the total market value of the commodity bundle, depending on the market price...
    11 KB (1,714 words) - 06:30, 12 March 2024
  • power as a commodity was first explicitly stated by Friedrich Engels in The Principles of Communism (1847): "Labor [power] is a commodity, like any other...
    38 KB (5,635 words) - 22:10, 8 January 2024
  • political economy and especially Karl Marx's critique of political economy, a commodity is any good or service ("products" or "activities") produced by human...
    18 KB (2,608 words) - 02:33, 3 May 2024
  • Thumbnail for Labour economics
    functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers, usually in exchange for a wage paid by...
    47 KB (5,955 words) - 13:41, 9 April 2024
  • produce a commodity from the wages paid to the laborers for its production. Therefore, wages did not always increase with the price of a commodity. However...
    71 KB (9,583 words) - 19:39, 11 May 2024
  • Thumbnail for Heqanakht Papyri
    Silver discussed macro and micro aspects of the commodity wages paid to estate workers, and other commodity monetary transactions cited in the Heqanakht...
    6 KB (926 words) - 03:57, 18 December 2023
  • Thumbnail for Das Kapital, Volume I
    the focus of Volume I shifts to surplus value (the value of a finished commodity minus the cost of production), which he divides into absolute and relative...
    118 KB (17,596 words) - 16:34, 4 February 2024
  • Thumbnail for Wage labour
    usually occur in a labour market where wages or salaries are market-determined. In exchange for the money paid as wages (usual for short-term work-contracts)...
    15 KB (1,816 words) - 20:01, 23 February 2024
  • Thumbnail for Slavery in Australia
    this labour, the Indigenous people were given portions of inexpensive commodities such as tobacco, rum, slop-clothing, flour and offal. Trade in Aboriginal...
    76 KB (7,883 words) - 01:12, 23 April 2024
  • governing the value of commodities as represented by the social relationship of wages and price, capitalists cannot raise or lower wages merely at their whim...
    6 KB (869 words) - 19:58, 17 March 2024
  • This comes from Marx's labour theory of value which means that, for any commodity, the price (or wage) of labor power is determined by its cost of production—namely...
    35 KB (4,583 words) - 19:31, 23 March 2024
  • Thumbnail for Piero Sraffa
    economics at the University of Cambridge. His book Production of Commodities by Means of Commodities is taken as founding the neo-Ricardian school of economics...
    37 KB (5,103 words) - 00:38, 17 April 2024
  • Thumbnail for The Wealth of Nations
    few in which it consists altogether in one, the wages of labour: but that the price of every commodity necessarily resolves itself into some one, or other...
    78 KB (11,369 words) - 16:34, 24 March 2024
  • be equalized across countries as a result of international trade in commodities. The theorem assumes that there are two goods and two factors of production...
    3 KB (433 words) - 15:34, 24 February 2021
  • society's output and that wages and profit were inversely related: an increase in profit came at the expense of a reduction in wages. Marx built much of the...
    52 KB (6,506 words) - 07:29, 9 May 2024
  • Thumbnail for Export subsidy
    when internal price supports, as in a guaranteed minimum price for a commodity, create more production than can be consumed internally in the country...
    5 KB (529 words) - 23:13, 23 March 2024
  • Thumbnail for Johann Heinrich von Thünen
    made substantial contributions to economic debates on rent, land use, and wages. Von Thunen was born on June 24, 1783 on his father's estate Canarienhausen...
    10 KB (1,041 words) - 18:14, 13 May 2024
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