Wage Labor and Capital/Value, Price and Profit

Since their first appearance as separate brochures Wage Labor and Capital/Value, Price and Profit have served as popular introductions to the study of political economy, each complementing the other. First written in 1847, Wage Labor and Capital is the foundation for the economic theories that were later developed in Capital. Value, Price and Profit was first given as a speech by Marx in 1865 and expands on his ideas regarding the relationship between wages and profit. Marx argues that workers are responsible for creating the value that leads to profit and they are entitled to share in it through increased wages.