Capital: A Critique of Political Economy

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Penguin UK, Feb 5, 2004 - Political Science - 1152 pages
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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User Review  - RajivC -

This book, like the first two, is not an easy book to read. I do not know if this book is meant to be required reading in colleges of history and economics, but it should be. It is hard to imagine ... Read full review

LibraryThing Review

User Review  - RajivC -

This book is indeed a very difficult read. I am not an economist, but I am reasonably well educated. I read this book, almost 10 pages at a time, and found it a difficult read. Karl Marx did not write ... Read full review


Introduction by Ernest Mandel
Postface to the Second Edition
Preface to the French Edition
The Commodity
equivalent form
The Process of Exchange
Domestic Industry
Industry The Hastening of this Revolution by the Application of the Factory Acts
Factory Legislation in England
The Production of Absolute and Relative SurplusValue
Changes of Magnitude in the Price of LabourPower and in SurplusValue
The Transformation of the Value and Respectively the Price of Labour

Money or the Circulation of Commodities
The General Formula for Capital
The Sale and Purchase of LabourPower
Constant Capital and Variable Capital
Parts of the Product
Working Day from the Middle of the Fourteenth to the End of the Seventeenth Century
on Other Countries
The Concept of Relative SurplusValue
The Division of Labour and Manufacture
Machinery and Largescale Industry
Women and Children
Production Crises in the Cotton Industry
National Differences in Wages
Simple Reproduction
The Transformation of SurplusValue into Capital
Value into Capital and Revenue Determine the Extent of Accumulation namely
Further Progress of Accumulation and of the Concentration Accompanying
Capitalist Accumulation
The Secret of Primitive Accumulation
Bloody Legislation against the Expropriated since the End of the Fifteenth
The Genesis of the Industrial Capitalist
The Modern Theory of Colonization
Quotations in Languages Other than English and German

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About the author (2004)

Karl Marx was born in 1818 in Trier, Germany and studied in Bonn and Berlin. Influenced by Hegel, he later reacted against idealist philosophy and began to develop his own theory of historical materialism. He related the state of society to its economic foundations and mode of production, and recommended armed revolution on the part of the proletariat. Together with Engels, who he met in Paris, he wrote the Manifesto of the Communist Party. He lived in England as a refugee until his death in 1888, after participating in an unsuccessful revolution in Germany.

Ernst Mandel was a member of the Belgian TUV from 1954 to 1963 and was chosen for the annual Alfred Marshall Lectures by Cambridge University in 1978. He died in 1995 and the Guardian described him as 'one of the most creative and independent-minded revolutionary Marxist thinkers of the post-war world.'

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