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Labour process
pp. 225-232
Abstract
The labour process is a Marxian term that refers to the ways in which labour and capital combine to produce goods and services. The emphasis on the role of labour in the production process derives from Marx's (1867) distinction between labour-power and labour. Labour-power is the capacity to work that the capitalist purchases for a wage on the labour market; labour is the effort actually expended by a unit of labour-power in the production process. Given wages and prices, the surplus-value that the capitalist extracts from the production process depends upon the amount of labour services that he can elicit from the labour-power that he has purchased.
Publication details
Published in:
Eatwell John, Milgate Murray, Newman Peter (1990) Marxian economics. Basingstoke, Palgrave Macmillan.
Pages: 225-232
DOI: 10.1007/978-1-349-20572-1_35
Full citation:
Lazonick William (1990) „Labour process“, In: J. Eatwell, M. Milgate & P. Newman (eds.), Marxian economics, Basingstoke, Palgrave Macmillan, 225–232.