Capital : A Critique of Political Economy (Penguin Classics) (Volume 2)

The "forgotten" second volume of Capital, Marx's world-shaking analysis of economics, politics, and history, contains the vital discussion of commodity, the cornerstone to Marx's theories. Cover 1 Table of Contents 4 Introduction (Ernest Mandel) 6 Translator's Preface 41 Preface (Engels) 42 Preface to the Second Edition (Engels) 52 Part I: The Metamorphoses of Capital and their Circuit 54 Chapter 1: The Circuit of Money Capital 55 Chapter 2: The Circuit of Productive Capital 73 Chapter 3: The Circuit of Commodity Capital 84 Chapter 4: The Three Figures of the Circuit 91 Chapter 5: Circulation Time 101 Chapter 6: The Costs of Circulation 104 Part II: The Turnover of Capital 116 Chapter 7: Turnover Time and Number of Turnovers 117 Chapter 8: Fixed Capital and Circulating Capital 119 Chapter 9: The Overall Turnover of the Capital Advanced. Turnover Cycles 132 Chapter 10: Theories of Fixed and Circulating Capital. The Physiocrats and Adam Smith 135 Chapter 11: Theories of Fixed and Circulating Capital. Ricardo 148 Chapter 12: The Working Period 154 Chapter 13: Production Time 159 Chapter 14: Circulation Time 164 Chapter 15: Effect of Circulation Time on the Magnitude of the Capital Advanced 168 Chapter 16: The Turnover of Variable Capital 185 Chapter 17: The Circulation of Surplus-Value 198 Part III: The Reproduction and Circulation of the Total Social Capital 213 Chapter 18: Introduction 214 Chapter 19: Former Presentations of the Subject 218 Chapter 20: Simple Reproduction 235 Chapter 21: Accumulation and Reproduction on an Expanded Scale 283 Quotations in Languages other than English and German 301 Index of Authorities Quoted 302 General Index 305 Chronology of Works by Marx and Engels 311 Karl Marx's 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 Create Fresh Insights. Arguing That Capitalism Would Cause 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'--publisher. Vol.2. Translated By David Fernbach. 1992, C1978. Karl Marx ; Introduced By Ernest Mandel. Translated By David Fernbach. Originally Published: 1978. Translation Of: Das Kapital. Includes Bibliographical References And Indexes. From the Publisher: Das Kapital, Karl Marx's masterwork, is the book that above all others formed the twentieth century. From Kapital sprung the economic and political systems that in our time dominated half the earth and for half a century kept the world on the brink of war. Even today, one billion Chinese remain in the power of the Marxist system. Yet this important and powerful work has been passed over by many readers frustrated by Marx's difficult style and his preoccupation with nineteenth-century events of little relevance to today's reader. Now Serge Levitsky presents a new revised version of this masterpiece, carefully retranslated for the modern reader and abridged to emphasize the political and philosophical core of Marx's work, while trimming away much that is now unimportant. Here then is a fresh and highly readable version of a work whose ideas have influenced the lives of nearly every person alive today 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' Das Kapital, Karl Marx's seminal work, is the book that above all others formed the twentieth century. From Kapital sprung the economic and political systems that at one time dominated half the earth and for nearly a century kept the world on the brink of war. v. 1. Book I: The process of production of capital v. 2. Book II: The process of circulation of capital v. 3. Book III: The process of capitalist production as a whole.