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.
Capital, Volume II (Das Kapital)
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About the Author
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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Most Helpful Customer Reviews
9 of 9 people found the following review helpful:
5.0 out of 5 stars
An astonishing achievement,
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This review is from: Capital : A Critique of Political Economy (Penguin Classics) (Volume 2) (Paperback)
I hate how some of the other people reviewing the volumes of Das Kapital fail to see that at least in this book, Marx wasn't advocating anything. It was his analysis of the fundamental features of capitalism. This book deals with the cell of capitalism: the commodity. This book is simply Marx's analysis of how the labor in the production of commodities becomes the commodity itself (commodity fetishism). He identifies the three circuits of capital required to produce commodities in a capitalist society: money capital, productive capital, and commodity capital. The third chapter I found to be very interesting because in this chapter Marx identifies two forms of consumption, these being productive consumption and personal consumption. This created the circular flow of money to becoming either money capital or productive capital. Highly recommended for anyone looking to understand how societies function and how capitalism really works.
4 of 5 people found the following review helpful:
4.0 out of 5 stars
The production process as a necessary evil for the purpose of money-making,
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This review is from: Capital : A Critique of Political Economy (Penguin Classics) (Volume 2) (Paperback)
The most important point made in this volume is : "The production process appears simply as an unavoidable middle term, a necessary evil for the purpose of money-making." In his time, Marx could not have foreseen how this reality would transform our world beyond all imagination, once the current phase of mass consumption on a global scale was reached. Most objects capitalism offer today are objects with little usefulness, but are so thoroughly pushed by publicity and social conformism that they seem to fulfill vital necessities of life.
7 of 13 people found the following review helpful:
5.0 out of 5 stars
Must read,
By Radical reader (Washington, D.C.) - See all my reviews
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This review is from: Capital : A Critique of Political Economy (Penguin Classics) (Volume 2) (Paperback)
Although Marx's Capital remains a difficult read, it is essential for understanding the current economic mess, in particular the growth of unproductive speculative capital. With speculative debt reaching nearly ten times the level of the world's productive economy (GDP), it appears that the barons of capitalism have sealed their own fate. Find out why.
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Inside This Book
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First Sentence:
The circuit of capital comprises three stages. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
constant capital value, individual industrial capital, hoard formation, new money capital, constant circulating capital, additional money capital, variable capital value, third working period, annual social product, second working period, total commodity product, constant capital consumed, circulation sphere, simple commodity circulation, additional constant capital, additional variable capital, first working period, same capital value, social working day, valorized capital, constant capital component, modity capital, old natural form, total social capital, valorized value Key Phrases - Capitalized Phrases (CAPs): (learn more)
Adam Smith, Book Two, Mercantile System, Capital Volume, Destutt de Tracy, Theories of Surplus-Value, Turnover Period Working Period Circulation Period, Book One, Elements of Political Economy, Monetary System, John Stuart Mill, Royal Commission, Thomas Tooke, Turnover Period Working Period Advance New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
The circuit of capital comprises three stages. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
constant capital value, individual industrial capital, hoard formation, new money capital, constant circulating capital, additional money capital, variable capital value, third working period, annual social product, second working period, total commodity product, constant capital consumed, circulation sphere, simple commodity circulation, additional constant capital, additional variable capital, first working period, same capital value, social working day, valorized capital, constant capital component, modity capital, old natural form, total social capital, valorized value Key Phrases - Capitalized Phrases (CAPs): (learn more)
Adam Smith, Book Two, Mercantile System, Capital Volume, Destutt de Tracy, Theories of Surplus-Value, Turnover Period Working Period Circulation Period, Book One, Elements of Political Economy, Monetary System, John Stuart Mill, Royal Commission, Thomas Tooke, Turnover Period Working Period Advance New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 54
books:
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100
books
cite this book:
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- RC Series Bundle: The Accumulation of Capital (Routledge Classics) by Rosa Luxemburg on 7 pages
- The Wealth of Nations (Bantam Classics) by Adam Smith on 7 pages
- Poverty of Philosophy (Great Books in Philosophy) by Karl Marx on 5 pages
- Das Kapital, Gateway Edition (Skeptical Reader) by Karl Marx on 4 pages
- Contribution to the Critique of Political Economy by Karl Marx on 4 pages
See all 54 books this book cites
- Knock on Wood: Nature as Commodity in Douglas-Fir Country by W. Scott Prudham on 6 pages
- Shakespeare's Domestic Economies: Gender and Property in Early Modern England (New Cultural Studies) by Natasha Korda in Back Matter (1), Back Matter (2), and Back Matter (3)
- Border Fetishisms: Material Objects in Unstable Spaces (Zones of Religion) by Patricia Spyer on page 33, and page 205
- A Critique of Adjudication [fin de siècle] by Duncan Kennedy in Back Matter (1), and Back Matter (2)
- The Political Languages of Emancipation in the British Caribbean and the U.S. South by Demetrius L. Eudell in Back Matter (1), and Back Matter (2)
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