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The essence of capital is its ability to mobilize social labor by buying labor power and setting it to work. This requires a market in which the capacity of human beings to work can be bought and sold like any other commodity: buyers of labor power offer wages, which sellers accept in return for a commodity, their own labor.
Eric Wolf
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To understand how caste works concretely, one must, however, look beyond kinship organization and ritual idiom to the political economy of caste.
Eric Wolf
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Wealth in the hands of the holders of wealth is not capital until it controls the means of production, buys labor power, and puts it to work, continuously expanding surpluses by intensifying productivity through an ever-rising curve of technological inputs.
Eric Wolf
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Nobody ever did anything very foolish except from some strong principle.
William Lamb, 2nd Viscount Melbourne
Eric Wolf
Born:
February 1, 1923
Died:
March 6, 1999
(aged 76)
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