Capital An Abridged Edition

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Edition: Abridged
Format: Paperback
Pub. Date: 2008-05-15
Publisher(s): Oxford University Press
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Summary

A classic of early modernism, Capital combines vivid historical detail with economic analysis to produce a bitter denunciation of mid-Victorian capitalist society. It has also proved to be the most influential work in social science in the twentieth century; Marx did for social science whatDarwin had done for biology. Millions of readers this century have treated Capital as a sacred text, subjecting it to as many different interpretations as the bible itself. No mere work of dry economics, Marx's great work depicts the unfolding of industrial capitalism as a tragic drama - with a message which has lost none ofits relevance today. This is the only abridged edition to take account of the whole of Capital. It offers virtually all of Volume 1, which Marx himself published in 1867, excerpts from a new translation of 'The Result of the Immediate Process of Production', and a selection of key chapters from Volume 3, which Engelspublished in 1895.

Author Biography


David McLellan is Professor of Political Theory at the University of Kent.

Table of Contents

Introductionp. xiii
Note on the Textp. xxviii
Select Bibliographyp. xxix
A Chronology of Karl Marxp. xxxi
From Volume One
Preface to the First German Editionp. 3
Afterword to the Second German Editionp. 7
Commodities and Money
Commoditiesp. 13
The Two Factors of a Commodity: Use-Value and Value (the Substance of Value and the Magnitude of Value)p. 13
The Two-Fold Character of the Labour Embodied in Commoditiesp. 18
The Form of Value or Exchange-Valuep. 22
The Fetishism of Commodities and the Secret Thereofp. 42
Exchangep. 51
Money, or the Circulation of Commoditiesp. 58
The Measure of Valuesp. 58
The Medium of Circulationp. 64
Moneyp. 84
The Transformation of Money into Capital
The General Formula for Capitalp. 93
Contradictions in the General Formula of Capitalp. 101
The Buying and Selling of Labour-Powerp. 108
The Production of Absolute Surplus-Value
The Labour-Process and the Process of Producing Surplus-Valuep. 115
The Labour-Process or the Production of Use-Valuesp. 115
The Production of Surplus-Valuep. 120
Constant Capital and Variable Capitalp. 132
The Rate of Surplus-Valuep. 142
The Degree of Exploitation of Labour-Powerp. 142
The Working-Dayp. 148
The Limits of the Working-Dayp. 148
The Greed for Surplus-Labour. Manufacturer and Boyardp. 151
Branches of English Industry without Legal Limits to Exploitationp. 154
Day and Night Work. The Relay Systemp. 159
The Struggle for a Normal Working-Day. Compulsory Laws for the Extension of the Working-Day from the Middle of the 14th to the End of the 17th Centuryp. 162
The Struggle for the Normal Working-Day. Compulsory Limitation by Law of the Working-Time. The English Factory Acts, 1833 to 1864p. 166
The Struggle for the Normal Working-Day. Reaction of the English Factory Acts on Other Countriesp. 179
Rate and Mass of Surplus-Valuep. 183
The Production of Relative Surplus-Value
The Concept of Relative Surplus-Valuep. 189
Co-operationp. 197
Division of Labour and Manufacturep. 205
Two-Fold Origin of Manufacturep. 205
The Detail Labourer and his Implementsp. 207
The Two Fundamental Forms of Manufacture: Heterogeneous Manufacture, Serial Manufacturep. 209
Division of Labour in Manufacture, and Division of Labour in Societyp. 216
The Capitalistic Character of Manufacturep. 222
Machinery and Modern Industryp. 229
The Development of Machineryp. 229
The Value Transferred by Machinery to the Productp. 239
The Proximate Effects of Machinery on the Workmanp. 244
The Factoryp. 258
The Strife between Workman and Machinep. 263
The Theory of Compensation as Regards the Workpeople Displaced by Machineryp. 269
Repulsion and Attraction of Workpeople by the Factory System. Crises in the Cotton Tradep. 273
Revolution Effected in Manufacture, Handicrafts, and Domestic Industry by Modern Industryp. 276
The Factory Acts. Sanitary and Educational Clauses of the Same. Their General Extension in Englandp. 289
Modern Industry and Agriculturep. 296
The Production of Absolute and of Relative Surplus-Value
Absolute and Relative Surplus-Valuep. 299
Changes of Magnitude in the Price of Labour-Power and in Surplus-Valuep. 303
Length of the Working-Day and Intensity of Labour Constant. Productiveness of Labour Variablep. 304
Working-Day Constant. Productiveness of Labour Constant. Intensity of Labour Variablep. 305
Wages
The Transformation of the Value (and Respectively the Price) of Labour-Power into Wagesp. 309
The Accumulation of Capital
Simple Reproductionp. 317
Conversion of Surplus-Value into Capitalp. 324
Capitalist Production on a Progressively Increasing Scale. Transition of the Laws of Property that Characterise Production of Commodities into Laws of Capitalist Appropriationp. 324
Separation of Surplus-Value into Capital and Revenue. The Abstinence Theoryp. 331
The So-Called Labour-Fundp. 334
The General Law of Capitalist Accumulationp. 337
The Increased Demand for Labour-Power that Accompanies Accumulation, the Composition of Capital Remaining the Samep. 337
Relative Diminution of the Variable Part of Capital Simultaneously with the Progress of Accumulation and of the Concentration that Accompanies itp. 343
Progressive Production of a Relative Surplus-Population or Industrial Reserve Armyp. 350
Different Forms of the Relative Surplus-Population. The General Law of Capitalist Accumulationp. 358
The So-Called Primitive Accumulation
The Secret of Primitive Accumulationp. 363
Expropriation of the Agricultural Population from the Landp. 366
Bloody Legislation against the Expropriated, from the End of the 15th Century. Forcing down of Wages by Acts of Parliamentp. 372
Genesis of the Industrial Capitalistp. 375
Historical Tendency of Capitalistic Accumulationp. 378
From 'Results of the Immediate Process of Production'p. 383
From Volume Three
Formation of a General Rate of Profit (Average Rate of Profit) and Transformation of the Values of Commodities into Prices of Productionp. 401
The Law as Suchp. 419
Counteracting Influencesp. 438
Increasing Intensity of Exploitationp. 438
Depression of Wages below the Value of Labour-Powerp. 441
Cheapening of Elements of Constant Capitalp. 441
Relative Over-Populationp. 442
Foreign Tradep. 443
The Increase of Stock Capitalp. 445
Exposition of the Internal Contradictions of the Lawp. 447
Generalp. 447
Conflict between Expansion of Production and Production of Surplus-Valuep. 452
Excess Capital and Excess Populationp. 456
Genesis of Capitalist Ground-Rentp. 458
Labour Rentp. 458
Rent in Kindp. 462
The Trinity Formulap. 465
Marx's Selected Footnotesp. 483
Explanatory Notesp. 491
Subject Indexp. 495
Name Indexp. 497
Table of Contents provided by Ingram. All Rights Reserved.

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