Capital

A Critique of Political Economy

Author: Karl Marx

Publisher: N.A

ISBN: N.A

Category: Capital

Page: N.A

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Das Kapital

A Critique of Political Economy

Author: Karl Marx

Publisher: Simon and Schuster

ISBN: 1596987995

Category: Political Science

Page: 356

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One of the most notorious works of modern times, as well as one of the most influential, Capital is an incisive critique of private property and the social relations it generates. Living in exile in England, where this work was largely written, Marx drew on a wide-ranging knowledge of its society to support his analysis and generate fresh insights. Arguing that capitalism would create an ever-increasing division in wealth and welfare, he predicted its abolition and replacement by a system with common ownership of the means of production. Capital rapidly acquired readership among the leaders of social democratic parties, particularly in Russia and Germany, and ultimately throughout the world, to become a work described by Marx's friend and collaborator Friedrich Engels as 'the Bible of the Working Class'.
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Capital: A Critique of Political Economy. Volume I

The Economist

Author: Karl Marx

Publisher: VM eBooks

ISBN: N.A

Category: Business & Economics

Page: N.A

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THE TWO FACTORS OF A COMMODITY: USE-VALUE AND VALUE (THE SUBSTANCE OF VALUE AND THE MAGNITUDE OF VALUE). THE wealth of those societies in which the capitalist mode of production prevails, presents itself as "an immense accumulation of commodities,"10 its unit being a single commodity. Our investigation must therefore begin with the analysis of a commodity. A commodity is, in the first place, an object outside us, a thing that by its properties satisfies human wants of some sort or another. The nature of such wants, whether, for instance, they spring from the stomach or from fancy, makes no difference. 11 Neither are we here concerned to know how the object satisfies these wants, whether directly as means of subsistence, or indirectly as means of production. Every useful thing, as iron, paper, 8c., may be looked at from the two points of view of quality and quantity. It is an assemblage of many properties, and may therefore be of use in various ways. To discover the various use of things is the work of history.12 So also is the establishment of socially-recognised standards of measure for the quantities of these useful objects. The diversity of these measures has its origin partly in the diverse nature of the objects to be measured, partly in convention. The utility of a thing makes it a use-value.13 But this utility is not a thing of air. Being limited by the physical properties of the commodity, it has no existence apart from that commodity. A commodity, such as iron, corn, or a diamond, is therefore, so far as it is a material thing, a use-value, something useful. This property of a commodity is independent of the amount of labour required to appropriate its useful qualities. When treating of use-value, we always assume to be dealing with definite quantities, such as dozens of watches, yards of linen, or tons of iron. The use-values of commodities furnish the material for a special study, that of the commercial knowledge of commodities.14 Use-values become a reality only by use or consumption: they also constitute the substance of all wealth, whatever may be the social form of that wealth. In the form of society we are about to consider, they are, in addition, the material depositories of exchange value.
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Capital: A Critique of Political Economy. Volume II

The Economist

Author: Karl Marx

Publisher: VM eBooks

ISBN: N.A

Category: Business & Economics

Page: N.A

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THE CIRCULATION OF MONEY-CAPITAL. The circulation process4 of capital takes place in three stages, which, according to the presentation of the matter in Volume I, form the following series: First stage: The capitalist appears as a buyer on the commodity and labor market; his money is transformed into commodities, or it goes through the circulation process M-C. Second stage: Productive consumption of the purchased commodities by the capitalist. He acts in the capacity of a capitalist producer of commodities; his capital passes through the process of production. The result is a commodity of more value than that of the elements composing it. Third stage: The capitalist returns to the market as a seller; his commodities are exchanged for money, or they pass through the circulation process C-M. Hence the formula for the circulation process of money capital is: M-C...P...C'-M', the dots indicating the points where the process of circulation was interrupted, and C' and M' designating C and M increased by surplus value.
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Capital, Vol. 2

A Critique of Political Economy; The Process of Circulation of Capital (Classic Reprint)

Author: Karl Marx

Publisher: Forgotten Books

ISBN: 9781334474545

Category: Business & Economics

Page: 626

View: 3537

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Excerpt from Capital, Vol. 2: A Critique of Political Economy; The Process of Circulation of Capital The manuscript next following in the order of time is that of Volume III. It was written for the greater part in 1864 and 1865. After this manuscript had been completed in its essential parts, Marx undertook the elaboration of Volume I, which was published in 1867. I am now preparing this manuscript of Volume III for the printer. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Education and the Reproduction of Capital

Neoliberal Knowledge and Counterstrategies

Author: R. Kumar

Publisher: Springer

ISBN: 1137007583

Category: Education

Page: 251

View: 8899

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A reflection on the specific context of neoliberal capitalism and it's impact on education. The chapters establish the intersectionality of state, capital and education and engage with possibilities of transcending the onslaught of capital in different geographical locations – from the Northern Hemisphere to the Southern Hemisphere.
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Karl Marx

Author: Roberto Marchionatti

Publisher: Taylor & Francis

ISBN: 9780415181587

Category: Business & Economics

Page: 296

View: 6230

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The four volume set consists of a collection of materials - introduction to editions of Marx's works, articles, book excerpts, reviews, letters - on Marx's Das Kapital in English, French and German written between 1867, that is the year of publication of Volume 1, and 1914, when it may be said that critical appraisal of Marx's work was completed and Marx was undeniably recognized as a member of the economists', and more generally the social scientists', community. -- The material is organized under four main headings: I Debate on the First Volume of Das Kapital; II The Second Volume of Das Kapital and the Debate on the Third Volume; III Critical Appraisal of MArx's Work, 1899-1914. I; IV Critical Appraisals of Marx's Work, 1899-1914. II.
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Capital, Exploitation and Economic Crisis

Author: John Weeks

Publisher: Routledge

ISBN: 1136808019

Category: Business & Economics

Page: 208

View: 6310

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In 2008 the capitalist world was swept by the severest crisis since the Great Depression of the 1930s. Mainstream economics neither anticipated nor could account for this disastrous financial crisis, which required massive state intervention throughout the capitalist world. Karl Marx did anticipate this type of financial collapse, arguing that it was derivative from the ‘fetishism of commodities’ inherent in the capitalist mode of production. This book substantiates the foregoing claim by a journey from Marx’s analysis of commodities to the capitalist crisis of the twenty-first century. The book demonstrates that Marx's framework (1) demonstrates that capitalism is but one historical form of class society among many; (2) explains the transition from pre-capitalist to capitalist society; (3) reveals the concrete operation of a capitalist economy; and (4) shows why others would explain the capitalist economy in alternative theoretical frameworks. The central element in his framework from which all else derives is ‘the theory of value’. This book is not an exercise in the history of thought. It is an attempt to analyze the nature of contemporary capitalist society. While Marx’s analysis of capitalism has implications for political action, these need not lead one to embrace revolution in place of reform, though it can and has provided the analytical foundation for both. Marx’s analysis of capitalism is a coherent whole, and meaningful insights cannot be obtained by extracting elements from it. Weeks starts out by looking at the nature of capitalism and an analysis circulation, money and credit unfold from the theory of value. The nature and inherent necessity of competition are demonstrated in chapter eight. A consequence of competition, expressed in the movement of capital, is technical change, the contradictory impact of which is explained in chapter nine. This is brought together with the other elements of value theory (money, credit and competition) in chapter ten, where economic crises are treated in detail. The final chapter applies the theory of crisis to the extreme financial disturbances of the 2000s. This book should be of interest to students and researchers of economics, politics and sociology.
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