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The Value of Labor

by Lampland, Martha paperback , 368 pages
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  9780226314600 
The University of Chicago Press 
22/09/2016 
United States 

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At the heart of today's fierce political anger over income inequality is a feature of capitalism that Karl Marx famously obsessed over: the commodification of labor. Most of us think wage-labor economics is at odds with socialist thinking, but as Martha Lampland explains in this fascinating look at twentieth-century Hungary, there have been moments when such economics actually flourished under socialist regimes. Exploring the region's transition from a capitalist to a socialist system and the economic science and practices that endured it she sheds new light on the two most polarized ideologies of modern history.