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Capital and Industrial Relations

In: Industrial Relations

Author

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  • Richard Hyman

Abstract

It is no accident that Capital was the work to which Marx devoted the bulk of his mature life. After his early grounding in classical and German philosophy, the young Marx immersed himself in the study of economic history and political economy. This intellectual reorientation both reflected and reinforced a conviction that theories and philosophies cannot be seriously discussed or understood in the abstract, but must be treated as products of the social conditions in which they arise. ‘The production of ideas, of conceptions, of consciousness, is at first directly interwoven with the material activity and the material intercourse of men, the language of real life’ (Marx and Engels 1970: 47). Social life in turn is shaped by the most basic of human activities: the organisation of work, the manner in which men act upon the material world and satisfy their material needs. ‘By producing their means of subsistence, men are indirectly producing their actual material life … The “ history of humanity” must always be treated in relation to the history of industry and exchange’ (ibid.: 42, 50).

Suggested Citation

  • Richard Hyman, 1975. "Capital and Industrial Relations," Palgrave Macmillan Books, in: Industrial Relations, chapter 4, pages 94-120, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-15623-8_5
    DOI: 10.1007/978-1-349-15623-8_5
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