Capital

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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 what Darwin 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 of its 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 Engels published in 1895. ABOUT THE SERIES: For over 100 years Oxford World's Classics has made available the widest range of literature from around the globe. Each affordable volume reflects Oxford's commitment to scholarship, providing the most accurate text plus a wealth of other valuable features, including expert introductions by leading authorities, helpful notes to clarify the text, up-to-date bibliographies for further study, and much more.

Karl Heinrich Marx (5 May 1818 - 14 March 1883) was a German philosopher, economist, historian, sociologist, political theorist, journalist and socialist revolutionary. Marx completed his doctoral thesis, titled The Difference Between the Democritean and Epicurean Philosophy of Nature, in 1841 and submitted it to the University of Jena. He was awarded a Ph.D. in April 1841. In 1844, Marx befriended Friedrich Engels, the German socialist and became a revolutionary communist. Marx's The Poverty of Philosophy was published in 1847. Marx and Engels published ""The Communist Manifesto"", a political pamphlet summarizing their theories about the nature of society and politics, in 1848. One of the most important political documents of the world, this monumental text is highly influential and continues to remain widely read. The first volume, Capital, Volume I, of his magnum opus Capital (Das Kapital) was published in 1867. Marx continued to work on the remaining two volumes which were published after his death by Engels. Capital, Volume II was published in 1885 and Capital, Volume III in 1894. Considered to be his masterwork, Capital has been translated into all the major languages.

Capital Introduction by Ernest Mandel
Translator's Preface
Preface to the First Edition
Postface to the Second Edition
Preface to the French Edition
Postface to the French Edition
Preface to the Third Edition (by Engels)
Preface to the English Edition (by Engels)
Preface to the Fourth Edition (by Engels)
BOOK I: THE PROCESS OF PRODUCTION OF CAPITAL

Part One: Commodities and Money

Chapter 1: The Commodity
1. The Two Factors of the Commodity: Use-Value and Value (Substance of VAlue, Magnitude of Value)
2. The Dual Character of the Labour Embodied in Commodities
3. The Value-Form, or Exchange-Value
(a) The Simple, Isolated, or Accidental Form of Value
(1) The two poles of the expression of value: the relative form of value and the equivalent form
(2) The relative form of value
(i) The content of the relative form of value
(ii) The quantitative determinacy of the relative form of value
(iii) The equivalent form
(iv) The simple form of value considered as a whole
(b) The Total or Expanded Form of Value
(1) The expanded relative form of value
(2) The particular equivalent form
(3) Defects of the total or expanded form of value
(c) The General Form of Value
(1) The changed character of the form of value
(2) The development of the relative and equivalent forms of value: their interdependence
(3) The transition from the general form of value to the money form
(d) The Money Form
4. The Fetishism of the Commodity and Its Secret

Chapter 2: The Process of Exchange

Chapter 3: Money, or the Circulation of Commodities
1. The Measure of Values
2. The Means of Circulation
(a) The Metamorphosis of Commodities
(b) The Circulation of Money
(c) Coin. The Symbol of Value

3. Money
(a) Hoarding
(b) Means of Payment
(c) World Money

PART TWO: THE TRANSFORMATION OF MONEY INTO CAPITAL

Chapter 4: The General Formula for Capital

Chapter 5: Contradictions in the General Formula

Chapter 6: The Sale and Purchase of Labour-Power

PART THREE: THE PRODUCTION OF ABSOLUTE SURPLUS-VALUE

Chapter 7: The Labour Process and the Valorization Process
1. The Labour Process
2. The Valorization Process

Chapter 8: Constant Capital and Variable Capital

Chapter 9: The Rate of Surplus-Value
1. The Degree of Exploitation of Labour-Power
2. The Representation of the Value of the Product by Corresponding Proportional Parts of the Product
3. Senior's "Last Hour"
4. The Surplus Product

Chapter 10: The Working Day
1. The Limits of the Working Day
2. The Voracious Appetite for Surplus Labour. Manufacturer and Boyar
3. Branches of English Industry without Legal Limits to Exploitation
4. Day Work and Night Work. The Shift System
5. The Struggle for a Normal Working Day. Laws for the Compulsory Extension of the Working Day, from the Middle of the Fourteenth to the End of the Seventeenth Century
6. The Struggle for a Normal Working Day. Laws for the Compulsory Limitation of Working Hours. The English Factory Legislation of 1833-64
7. The Struggle for a Normal Working Day. Impact of the English Factory Legislation on Other Countries

Chapter 11: The Rate and Mass of Surplus-Value

PART FOUR: THE PRODUCTION OF RELATIVE SURPLUS-VALUE

Chapter 12: The Concept of Relative Surplus-Value

Chapter 13: Co-operation

Chapter 14: The Division of Labour and Manufacture
1. The Dual Origin of Manufacture
2. The Specialized Worker and His Tools
3. The Two Fundamental Forms of Manufacture - Heterogeneous and Organic
4. The Division of Labour in Manufacture, and the Division of Labour in Society
5. The Capitalist Character of Manufacture

Chapter 15: Machinery and Large-Scale Industry
1. The Development of Machinery
2. The Value Transferred by the Machinery to the Product
3. The Most Immediate Effects of Machine Production on the Worker
(a) Appropriation of Supplementary Labour-Power by Capital. The Employment of Women and Children
(b) The Prolongation of the Working Day
(c) Intensification of Labour
4. The Factory
5. The Struggle between Worker and Machine
6. The Compensation Theory, with Regard to the Workers Displaced by Machinery
7. Repulsion and Attraction of Workers through the Development of Machine Production. Crises in the Cotton Industry
8. The Revolutionary Impact of Large-Scale Industry on Manufacture, Handicrafts and Domestic Industry
(a) Overthrow of Co-operation Based on Handicrafts and on the Division of Labour
(b) The Impact of the Factory System on Manufacture and Domestic Industries
(c) Modern Manufacture
(d) Modern Domestic Industry
(e) Transition from Modern Manufacture and Domestic Industry to Large-Scale Industry. The Hastening of this Revolution by the Application of the Factory Acts to those Industries
9. The Health and Education Clauses of the Factory Acts. The General Extension of Factory Legislation in England
10. Large-Scale Industry and Agriculture

PART FIVE: THE PRODUCTION OF ABSOLUTE AND RELATIVE SURPLUS-VALUE

Chapter 16: Absolute and Relative Surplus-Value

Chapter 17: Changes of Magnitude in the Price of Labour-Power and in Surplus-Value
1. The Length of the Working Day and the Intensity of Labour Constant; the Productivity of Labour Variable
2. The Length of the Working Day and the Productivity of Labour Constant; the Intensity of Labour Variable
3. The Productivity and Intensity of Labour Constant; the Length of the Working Day Variable
4. Simultaneous Variations in the Duration, Productivity and Intensity of Labour

Chapter 18: Different Formulae for the Rate of Surplus-Value

PART SIX: WAGES

Chapter 19: The Transformation of the Value (and Respectively the Price) of Labour-Power into Wages

Chapter 20: Time-Wages

Chapter 21: Piece-Wages

Chapter 22: National Differences in Wages

PART SEVEN: THE PROCESS OF ACCUMULATION OF CAPITAL

Chapter 23: Simple Reproduction

Chapter 24: The Transformation of Surplus-Value into Capital
1. Capitalist Production on a Progressively Increasing Scale. The Inversion which Converts the Property Laws of Commodity Production into Laws of Capitalist Appropriation
2. The Political Economists' Erroneous Conception of Reproduction on an Increasing Scale
3. Division of Surplus-Value into Capital and Revenue. The Abstinence Theory
4. The Circumstances which, Independently of the Proportional Division of Surplus-Value into Capital and Revenue, Determine the Extent of Accumulation, namely, the Degree of Exploitation of Labour-Power, the Productivity of Labour, the Growing Difference in Amount between Capital Employed and Capital Consumed, and the Magnitude of the Capital Advanced
5. The So-Called Labour Fund

Chapter 25: The General Law of Capitalist Accumulation
1. A Growing Demand for Labour-Power Accompanies Accumulation if the Composition of Capital Remains the Same
2. A Relative Diminution of the Variable Part of Capital Occurs in the Course of the Further Progress of Accumulation and of the Concentration Accompanying It
3. The Progressive Reduction of a Relative Surpluse Population or Industrial Reserve Army
4. Different Forms of Existence of the Relative Surplus Population. The General Law of Capitalist Accumulation
5. Illustrations of the General Law of Capitalist Accumulation
(a) England from 1846 to 1866
(b) The Badly Paid Strata of the British Industrial Working Class
(c) The Nomadic Population
(d) Effect of Crises on the Best Paid Section of the Working Class
(e) The British Agricultural Proletariat
(f) Ireland

PART EIGHT: SO-CALLED PRIMITIVE ACCUMULATION

Chapter 26: The Secret of Primitive Accumulation

Chapter 27: The Expropriation of the Agricultural Population from the Land

Chapter 28: Bloody Legislation against the Expropriated since the End of the Fifteenth Century. The Forcing Down of Wages by Act of Parliament

Chapter 29: The Genesis of the Capitalist Farmer

Chapter 30: Impact of the Agricultural Revolution on Industry. The Creation of a Home Market for Industrial Capital

Chapter 31: The Genesis of the Industrial Capitalist

Chapter 32: The Historical Tendency of Capitalist Accumulation

Chapter 33: The Modern Theory of Colonization

Appendix: Results of the Immediate Process of Production
Introduction by Ernest Mandel
I. Commodities as the Product of Capital
II. Capitalist Production as the Production of Surplus-Value
III. Capitalist Production is the Production and Reproduction of the Specifically Capitalist Relations of Production
IV. Isolated Fragments

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

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 what Darwin 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 of its 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 Engels published in 1895.