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 conscientiously and lovingly OCR'd (using ClearScan) from the easiest to be had scanned model. i've got additionally further the whole 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 dead information. i used to be in a position to get Vol. three (coming quickly) to fifty three MB and it's the comparable size. when you can aspect me to a greater test, I'll increase this one. Regardless, it truly is a great replica if you happen to have to cite pages, and have an interest during this translation.

This 1867 study—one of the main influential records of recent times—looks on the courting among exertions and cost, the position of cash, and the clash among the periods.

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Sample text

Cula­ tion; of money bent upon accretion of money, that is of capital In pre-capitalist societies, capital appears outside the sphe·re of production, and hardly ever enters that sphere. It feeds parasitic­ ally upon the social surplus product produced and originally ap­ propriated by non-capitalist classes. Here Marx comes to his central point. A basi

Introd uction 51 spedal quality, a special 'use-value ' for the capitalist. When the capitalist 'consumes ' labour-power in the process of production, the worker produces value. His labour has the double capacity to conserve value- that is, to transfer into the finished product the value of the raw material and of a fraction of the machinery used up in this process of production - and to create new value, by spending itself. The whole mystery of the origin of profits and rents is over once one understands that, in the process of production, ·the workers can (and must - otherwise the capitalist would not hire them) produce value over and above the value of their own labour-power, over and above the equivalent of the wages which they receive.

The separa­ tion of the producer from his means of production was a long and bloody historical process, analysed in detail by Marx in Part Eight of Capital Volume 1, 'So-Called Primitive Accumulation'. In the third place, the worker does not sell the capitalist his labour, but his labour-power, his capacity to work for a given period of time. 42 As such it has a specific value (exchange-value), as any other cbmmodity does: the quantity of social labour necessary to· . reproduce it - that is to say the value of the consumer goods necessary to keep the worker and his children in condition to continue to work at a given level of intensity of effort.

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