Capital: A Critique of Political Economy, Volume 1 by Karl Marx, Ben Fowkes, Ernest Mandel

By Karl Marx, Ben Fowkes, Ernest Mandel

This model has been rigorously and lovingly OCR'd (using ClearScan) from the easiest on hand scanned model. i've got additionally further the total desk of contents (as PDF bookmarks). i attempted to get it as small as attainable however the underlining tousled the ClearScan, including a minimum of 50 MB of lifeless information. i used to be capable of get Vol. three (coming quickly) to fifty three MB and it's the comparable size. should you can element me to a greater test, I'll enhance this one. Regardless, it truly is a very good reproduction in the event you have to cite pages, and have an interest during this translation.

This 1867 study—one of the main influential files of recent times—looks on the dating among exertions and cost, the position of cash, and the clash among the sessions.

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Extra resources for Capital: A Critique of Political Economy, Volume 1

Example text

Again, these movements of capital and investment correspond in the final· analysis to conditions of'economy' and 'waste' of social labour, that is to the workings of the law of value. is a further development and per­ fection of the labour theory of value as it emanated from the 'classical' school of political economy, and especially of Ricardo's version. Bu t the changes Marx brought into that theory were manifold. One especially was to be decisive: the use of the concept of abstract social labour as the foundation of his theory of.

L�Ysi§ . tl:l��rocess of production. n. Jocess of production of capital, and a process of produc­ tion and constant reprm:luction-·of-the basic antagonistic social relations: the relation between wage-labour and capital, the com­ pulsion for the proletariat to sell its labour-power to the capital­ ists, the compulsion for the capitalists to accumulate capital and therefore to maximize the extortion of surplus-value from the workers. Volume 1 of Capital is centred around Marx's basic discovery, the explanation of the ' secret' of surplus-value.

In order to understand this theory, it is sufficient to formulate the question to which Marx tried to give an answer. The problem is as foilows. Man has to work in order to satisfy his material needs, to 'produce his material life ' . The way in which the labour of all producers in a given society is divided among different branches of material production will determine the extent to which different needs can be fulfilled. Hence, given a certain set of needs, a rough equilibrium between needs and output requires a 35.

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