Economics: Karl Marx Theory

Read the articles attached and answer the following questions:

1) What is meant by exploitation in Marx’s framework? Explain in relation to the wage-relation.

2) To what extent have Marx’s concepts been misrepresented in contemporary scholarship. Discuss in relation to one specific secondary source.
3) What are social relations of production and why did Mr. Peel leave them in England?
4) How would you characterize the methodology used by Marx and Engels? Explain in relation to what you consider the three most fundamentally important aspects of their methodology.
5) What are the 5 most significant concepts elaborated in ‘Wage-labour and capital’? Elaborate brief descriptions for each and attempt to describe how they link together.

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