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Capital: A Critique of Political Economy, Vol. III. The Process of Capitalist Production as a Whole; Marx, Karl
2 paragraphs found.
Part V, Chapter 23
Note:
"Masters are laborers as well as their journeymen. In this character their interest is precisely the same as of their men. But they are also either capitalists, or the agents of capitalists, and in this respect their interest is decidedly opposed to the interest of the workmen." (P. 27.) "The wide spread of education among the journeymen mechanics of this country diminishes daily the value of the labor and skill of almost all masters and employers by increasing the number of persons who possess their peculiar knowledge." (P. 30, Hodgskin, Labor defended against the Claims of Capital, etc., London, 1825.)
Part V, Chapter 24
Note:
"It is clear, that no labor, no productive power, no ingenuity, and no art, can answer the overwhelming demands of compound interest. But all saving is made from the revenue of the capitalist, so that actually these demands are constantly made and as constantly the productive power of labor refuses to satisfy them. A sort of balance is, therefore, constantly struck." ( Labour defended against the Claims of Capital, p. 23. By Hodgskin.)

Part V, Chapter XXVI.