Karl Marx and the employment contract: from natural abstraction to formal subsumption

Preprint OPEN
Ernesto Screpanti;
(2008)
  • Subject:
    • jel: jel:B24 | jel:J41 | jel:B14

Marx develops two alternative theories of the employment contract: one treats it as an agreement of commodity exchange, and one as a relational arrangement. In the former theory Marx introduces the notion of 'labour power' as a physical stock of labour capacity. Then he... View more
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