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Marx’s Capital, Volume 1, Chapter 22: A Critical Summary

Chapter 22 of volume 1 of Capital is called “National Differences in Wages” and deals with the various factors that cause differences between national wage rates. For Marx’s views on how the value of labour-power is determined as a subsistence wage, see his analysis in Chapter 6 of volume 1.Marx reminds his readers of the discussion in Chapter 17 and the issue of how the subsistence wage may vary: “ … the quantum of the means of subsistence in which the price of labour is realised might...

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