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  • Marx's Theory of Exploitation in Firms

Marx's Concept of the 'Reserve Army of the Unemployed'

The 'reserve army of the unemployed' is a term from Karl Marx's 1867 book, Capital, which describes the pool of unemployed people in a capitalist economy. Marx argued that the existence of this group serves as a disciplinary tool, as the fear of being fired and joining their ranks compels employed workers to submit to employer demands.

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Economy

CORE Econ

Economics

Social Science

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Science

Introduction to Microeconomics Course

The Economy 2.0 Microeconomics @ CORE Econ

Ch.6 The firm and its employees - The Economy 2.0 Microeconomics @ CORE Econ

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Learn After

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