Capital: Critique of Political Economy v. 2

Capital: Critique of Political Economy v. 2

Paperback Penguin Classics Language: English / German

By (author) Karl Marx, Introduction by Ernest Mandel, Translated by David Fernbach

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  • Publisher: PENGUIN CLASSICS
  • Format: Paperback | 624 pages
  • Language: English / German
  • Dimensions: 137mm x 196mm x 28mm | 408g
  • Publication date: 1 March 1993
  • Publication City/Country: London
  • ISBN 10: 0140445692
  • ISBN 13: 9780140445695
  • Edition: 2
  • Edition statement: 2nd edition
  • Sales rank: 24,570

Product description

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.

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Author information

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.'

Table of contents

Capital Volume 2 Introduction Translator's Preface Preface (Frederick Engels) Preface to the Second Edition (Frederick Engels) Book II: The Process of Circulation of Capital Part One: The Metamorphoses of Capital and their CircuitChapter 1: The Circuit of Money Capital 1. First Stage. M-C 2. Second Stage. The Function of Productive Capital 3. Third Stage. C'-M' 4. The Circuit as a Whole Chapter 2: The Circuit of Productive Capital 1. Simple Reproduction 2. Accumulation and Reproduction on an Expanded Scale 3. Accumulation of Money 4. The Reserve Fund Chapter 3: The Circuit of Commodity Capital Chapter 4: The Three Figures of the Circuit (Natural Economy, Money Economy and Credit Economy) (The Matching of Demand and Supply) Chapter 5: Circulation Time Chapter 6: The Costs of Circulation 1. Pure Circulation Costs (a) Buying and Selling Time (b) Book-keeping (c) Money 2. Costs of Storage (a) Stock Formation in General (b) The Commodity Stock Proper 3. Transport Costs Part Two: The Turnover of CapitalChapter 7: Turnover Time and Number of Turnovers Chapter 8: Fixed Capital and Circulating Capital 1. The Formal Distinctions 2. Components, Replacement, Repairs and Accumulation of the Fixed Capital Chapter 9: The Overall Turnover of the Capital Advanced. Turnover Cycles Chapter 10: Theories of Fixed and Circulating Capital. The Physiocrats and Adam Smith Chapter 11: Theories of Fixed and Circulating Capital. Ricardo Chapter 12: The Working Period Chapter 13: Production Time Chapter 14: Circulation Time Chapter 15: Effect of Circulation Time on the Magnitude of the Capital Advanced 1. Working Period and Circulation Period Equal 2. Working Period Longer than Circulation Period 3. Working Period Shorter than Circulation Period 4. Results 5. Effect of Changes in Price Chapter 16: The Turnover of Variable Capital 1. The Annual Rate of Surplus-Value 2. The Turnover of an Individual Variable Capital 3. The Turnover of Variable Capital Considered from the Social Point of View Chapter 17: The Circulation of Surplus-Value 1. Simple Reproduction 2. Accumulation and Expanded Reproduction Part Three: The Reproduction and Circulation of the Total Social CapitalChapter 18: Introduction 1. The Object of the Inquiry 2. The Role of Money Capital Chapter 19: Former Presentations of the Subject 1. The Physiocrats 2. Adam Smith (a) Smith's General Perspectives (b) Smith's Resolution of Exchange-Value into v+s (c) The Constant Capital Component (d) Capital and Revenue in Adam Smith (e) Summary 3. Later Writers Chapter 20: Simple Reproduction 1. Formulation of the Problem 2. The Two Departments of Social Production 3. Exchange Between the Two Departments: I against II 4. Exchange Within Department II. Necessary Means of Subsistence and Luxury Items 5. The Mediation of the Exchanges by Monetary Circulation 6. The Constant Capital in Department I 7. Variable Capital and Surplus-Value in the Two Departments 8. The Constant Capital in Both Departments 9. A Look Back at Adam Smith, Storch and Ramsay 10. Capital and Revenue: Variable Capital and Wages 11. Replacement of the Fixed Capital (a) Replacement of the Depreciation Component in the Money Form (b) Replacement of the Fixed Capital in Kind (c) Results 12. The Reproduction of the Money Material 13. Destutt de Tracy's Theory of Reproduction Chapter 21: Accumulation and Reproduction on an Expanded Scale 1. Accumulation in Department I (a) Hoard Formation (b) The Additional Constant Capital (c) The Additional Variable Capital 2. Accumulation in Department II 3. Schematic Presentation of Accumulation (a) First Example (b) Second Example (c) The Exchange of II in the Case of Accumulation 4. Supplementary Remarks Quotations in Languages Other than English and German Index of Authorities Quoted General Index Note on Previous Editions of the Works of Marx and Engels Chronology of Works by Marx and Engels