Capital An Abridged Edition

by Marx, Karl; McLellan, David

• ISBN13: 9780199535705
• ISBN10: 0199535701
• Edition: Abridged
• Format: Paperback
• Copyright: 2008-05-15
• Publisher: Oxford University Press

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

Introduction	p. xiii
Note on the Text	p. xxviii
Select Bibliography	p. xxix
A Chronology of Karl Marx	p. xxxi
From Volume One
Preface to the First German Edition	p. 3
Afterword to the Second German Edition	p. 7
Commodities and Money
Commodities	p. 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 Commodities	p. 18
The Form of Value or Exchange-Value	p. 22
The Fetishism of Commodities and the Secret Thereof	p. 42
Exchange	p. 51
Money, or the Circulation of Commodities	p. 58
The Measure of Values	p. 58
The Medium of Circulation	p. 64
Money	p. 84
The Transformation of Money into Capital
The General Formula for Capital	p. 93
Contradictions in the General Formula of Capital	p. 101
The Buying and Selling of Labour-Power	p. 108
The Production of Absolute Surplus-Value
The Labour-Process and the Process of Producing Surplus-Value	p. 115
The Labour-Process or the Production of Use-Values	p. 115
The Production of Surplus-Value	p. 120
Constant Capital and Variable Capital	p. 132
The Rate of Surplus-Value	p. 142
The Degree of Exploitation of Labour-Power	p. 142
The Working-Day	p. 148
The Limits of the Working-Day	p. 148
The Greed for Surplus-Labour. Manufacturer and Boyard	p. 151
Branches of English Industry without Legal Limits to Exploitation	p. 154
Day and Night Work. The Relay System	p. 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 Century	p. 162
The Struggle for the Normal Working-Day. Compulsory Limitation by Law of the Working-Time. The English Factory Acts, 1833 to 1864	p. 166
The Struggle for the Normal Working-Day. Reaction of the English Factory Acts on Other Countries	p. 179
Rate and Mass of Surplus-Value	p. 183
The Production of Relative Surplus-Value
The Concept of Relative Surplus-Value	p. 189
Co-operation	p. 197
Division of Labour and Manufacture	p. 205
Two-Fold Origin of Manufacture	p. 205
The Detail Labourer and his Implements	p. 207
The Two Fundamental Forms of Manufacture: Heterogeneous Manufacture, Serial Manufacture	p. 209
Division of Labour in Manufacture, and Division of Labour in Society	p. 216
The Capitalistic Character of Manufacture	p. 222
Machinery and Modern Industry	p. 229
The Development of Machinery	p. 229
The Value Transferred by Machinery to the Product	p. 239
The Proximate Effects of Machinery on the Workman	p. 244
The Factory	p. 258
The Strife between Workman and Machine	p. 263
The Theory of Compensation as Regards the Workpeople Displaced by Machinery	p. 269
Repulsion and Attraction of Workpeople by the Factory System. Crises in the Cotton Trade	p. 273
Revolution Effected in Manufacture, Handicrafts, and Domestic Industry by Modern Industry	p. 276
The Factory Acts. Sanitary and Educational Clauses of the Same. Their General Extension in England	p. 289
Modern Industry and Agriculture	p. 296
The Production of Absolute and of Relative Surplus-Value
Absolute and Relative Surplus-Value	p. 299
Changes of Magnitude in the Price of Labour-Power and in Surplus-Value	p. 303
Length of the Working-Day and Intensity of Labour Constant. Productiveness of Labour Variable	p. 304
Working-Day Constant. Productiveness of Labour Constant. Intensity of Labour Variable	p. 305
Wages
The Transformation of the Value (and Respectively the Price) of Labour-Power into Wages	p. 309
The Accumulation of Capital
Simple Reproduction	p. 317
Conversion of Surplus-Value into Capital	p. 324
Capitalist Production on a Progressively Increasing Scale. Transition of the Laws of Property that Characterise Production of Commodities into Laws of Capitalist Appropriation	p. 324
Separation of Surplus-Value into Capital and Revenue. The Abstinence Theory	p. 331
The So-Called Labour-Fund	p. 334
The General Law of Capitalist Accumulation	p. 337
The Increased Demand for Labour-Power that Accompanies Accumulation, the Composition of Capital Remaining the Same	p. 337
Relative Diminution of the Variable Part of Capital Simultaneously with the Progress of Accumulation and of the Concentration that Accompanies it	p. 343
Progressive Production of a Relative Surplus-Population or Industrial Reserve Army	p. 350
Different Forms of the Relative Surplus-Population. The General Law of Capitalist Accumulation	p. 358
The So-Called Primitive Accumulation
The Secret of Primitive Accumulation	p. 363
Expropriation of the Agricultural Population from the Land	p. 366
Bloody Legislation against the Expropriated, from the End of the 15th Century. Forcing down of Wages by Acts of Parliament	p. 372
Genesis of the Industrial Capitalist	p. 375
Historical Tendency of Capitalistic Accumulation	p. 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 Production	p. 401
The Law as Such	p. 419
Counteracting Influences	p. 438
Increasing Intensity of Exploitation	p. 438
Depression of Wages below the Value of Labour-Power	p. 441
Cheapening of Elements of Constant Capital	p. 441
Relative Over-Population	p. 442
Foreign Trade	p. 443
The Increase of Stock Capital	p. 445
Exposition of the Internal Contradictions of the Law	p. 447
General	p. 447
Conflict between Expansion of Production and Production of Surplus-Value	p. 452
Excess Capital and Excess Population	p. 456
Genesis of Capitalist Ground-Rent	p. 458
Labour Rent	p. 458
Rent in Kind	p. 462
The Trinity Formula	p. 465
Marx's Selected Footnotes	p. 483
Explanatory Notes	p. 491
Subject Index	p. 495
Name Index	p. 497
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