It was an open letter, passed to all Catholic bishops, that addressed the condition of the working classes.It discussed the relationships and mutual duties between labor and capital, as well as government and its citizens. Of primary concern was the need for some amelioration of "The misery and wretchedness pressing so unjustly on the majority of the working class." It supported the rights of labor to form unions, rejected socialism and unrestricted capitalism, whilst affirming the right to private property."Rerum Novarum" is considered a foundational text of modern Catholic social teaching. Many of the positions in Rerum novarum were supplemented by later encyclicals, in particular Pius XI's Quadragesimo anno (1931), John XXIII's Mater et magistra (1961), and John Paul II's Centesimus annus (1991).

    He published various books during his lifetime, with the most notable being The Communist Manifesto (1848) and Capital (1867–1894), many of which were co-written with his friend, the fellow German revolutionary socialist Friedrich Engels.The text of Wage Labour and Capital came from lectures Marx delivered to the German Workmen's Club of Brussels in 1847, a time of great political upheaval. The relationship between wage-labour to capital is a core concept in Marx's analysis of political economy and its relationship with capitalism. This book is an essential for anyone attempting to understand the development of Marxist theory.This edition of Wage Labour and Capital is specially formatted with a Table of Contents.

    Here, in this classic primer on the subject, German economist EUGEN V. BOHM-BAWERK (1851-1914) discusses: . the nature of capital . historical development of the concept . competing ideas about capital . the function of capital in production . two conceptions of value . price and the law of supply and demand . loans and interest . and much more. First published in Germany in 1888 and in English in 1891, this intriguing work offers yet another valuable perspective on one of the most basic and yet most debated subjects in economics.