Capital A critique of political economy

Karl Marx, 1818-1883

Book - 1990

From the Publisher: Das Kapital, Karl Marx's masterwork, is the book that above all others formed the twentieth century. From Kapital sprung the economic and political systems that in our time dominated half the earth and for half a century kept the world on the brink of war. Even today, one billion Chinese remain in the power of the Marxist system. Yet this important and powerful work has been passed over by many readers frustrated by Marx's difficult style and his preoccupation with ...nineteenth-century events of little relevance to today's reader. Now Serge Levitsky presents a new revised version of this masterpiece, carefully retranslated for the modern reader and abridged to emphasize the political and philosophical core of Marx's work, while trimming away much that is now unimportant. Here then is a fresh and highly readable version of a work whose ideas have influenced the lives of nearly every person alive today.

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Penguin classics.
London ; New York, N.Y., USA : Penguin Books in association with New Left Review 1990-1991.
Item Description
Translation of: Das Kapital.
Reprint. originally published in this edition: Pelican Books, 1976- 1981.
Includes prefaces to various editions, signed by Karl Marx and Frederick Engels.
Volumes 2-3 translated by David Fernbach.
Physical Description
3 volumes ; 20 cm
Includes bibliographical references and indexes.
Main Author
Karl Marx, 1818-1883 (-)
Other Authors
Friedrich Engels, 1820-1895 (-), Ernest Mandel, Ben Fowkes, David Fernbach
  • Volume 1: Book I: Process of production of capital
  • Volume 2: Book II: Process of circulation of capital
  • Volume 3: Book III: Process of capitalist production as a whole.
  • Volume 1: Introduction / 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 Engles)
  • Preface to the fourth edition (by Engels)
  • Book 1: Process Of Production Of Capital
  • Part 1: Commodities And Money
  • 1: Commodity
  • 2: Process of exchange
  • 3: Money, or the circulation of commodities
  • Part 2: Transformation Of Money Into Capital
  • 4: General formula for capital
  • 5: Contradictions in the general formula
  • 6: Sale and purchase of labour-power
  • Part 3: Production Of Absolute Surplus-Value
  • 7: Labour process and the valorization process
  • 8: Constant capital and variable capital
  • 9: Rate of surplus-value
  • 10: Working day
  • 11: Rate and mass of surplus-value
  • Part 4: Production Of Relative Surplus-Value
  • 12: Concept of relative surplus-value
  • 13: Co-operation
  • 14: Division of labour and manufacture
  • 15: Machinery and large-scale industry
  • Part 5: Production Of Absolute And Relative Surplus-Value
  • 16: Absolute and relative surplus-value
  • 17: Changes of magnitude in the price of labour-power and in surplus-value
  • 18: Different formulae for the rate of surplus-value
  • Part 6: Wages
  • 19: transformation of the value (and respectively the price) of labour-power into wages
  • 20: Time-wages
  • 21: Piece-wages
  • 22: National differences in wages
  • Part 7: Process Of Accumulation Of Capital
  • 23: Simple reproduction
  • 24: Transformation of surplus-value into capital
  • 25: General law of capitalist accumulation
  • Part 8: So-Called Primitive Accumulation
  • 26: Secret of primitive accumulation
  • 27: Expropriation of the agricultural population form the land
  • 28: Bloody legislation against the expropriated since the end of the fifteenth century-the forcing down of wages by act of parliament
  • 29: Genesis of the capitalist farmer
  • 30: Impact of the agricultural revolution on industry-the creation of a home market for industrial capital
  • 31: Genesis of the industrial capitalist
  • 32: Historical tendency of capitalist accumulation
  • 33: Modern theory of colonization
  • Appendix: Results Of The Immediate Process Of Production Introduction / Ernest Mandel
  • 1: Commodities as the product of capital
  • 2: Capitalist production as the production of surplus-value
  • 3: Capitalist production is the production and reproduction of the specifically capitalist relations of production
  • 4: 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.
  • Volume 2: Introduction / Ernest Mandel
  • Translator's preface
  • Preface / Frederick Engels
  • Preface to the second edition / Frederic Engels
  • Book 2: Process Of Circulation Of Capital
  • Part 1: Metamorphoses Of Capital And Their Circuit
  • 1: Circuit of money capital
  • 2: Circuit of productive capital
  • 3: Circuit of commodity capital
  • 4: Three figures of the circuit
  • 5: Circulation time
  • 6: Costs of circulation
  • Part 2: Turnover Of Capital
  • 7: Turnover time and number of turnovers
  • 8: Fixed capital and circulating capital
  • 9: Overall turnover of the capital advanced-turnover cycles
  • 10: Theories of fixed and circulating capital-the physiocrats and Adam Smith
  • 11: Theories of fixed and circulating capital-Ricardo
  • 12: Working period
  • 13: Production time
  • 14: Circulation time
  • 15: Effect of circulation time on the magnitude of the capital advanced
  • 16: Turnover of variable capital
  • 17: Circulation of surplus-value
  • Part 3: Reproduction And Circulation Of The Total Social Capital
  • 18: Introduction
  • 19: Former presentations of the subject
  • 20: Simple reproduction
  • 21: Accumulation and reproduction on an expanded scale
  • Quotations in language 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.
  • Volume 3: Introduction / Ernest Mandel
  • Preface / Frederick Engels
  • Book 3: Process Of Capital Production As A Whole
  • Part 1: Transformation Of Surplus-Value Into Profit, And Of The Rate Of Surplus-Value Into The Rate Of Profit
  • 1: Cost price and profit
  • 2: Rate of profit
  • 3: Relationship between rate of profit and rate of surplus-value
  • 4: Effect of the turnover on the rate of profit
  • 5: Economy in the use of constant capital
  • 6: Effect of changes in price
  • 7: Supplementary Remarks
  • Part 2: Transformation Of Profit Into Average Profit
  • 8: Different compositions of capital in different branches of production, and the resulting variation in rates of profit
  • 9: Formation of a general rate of profit (average rate of profit), and transformation of commodity values into prices of production
  • 10: Equalization of the general rate of profit through competition-Market prices and market values-surplus profit
  • 11: Effects of the general fluctuations in wages on the prices of production
  • 12: Supplementary remarks
  • Part 3: Law Of the Tendential Fall In The Rae Of Profit
  • 13: Law itself
  • 14: Counteracting factors
  • 15: Development of the law's internal contradictions
  • Part 4: Transformation Of Commodity Capital And Money Capital Into Commercial Capital And Money-Dealing Capital (Merchant's Capital)
  • 16: Commercial capital
  • 17: Commercial profit
  • 18: Turnover of commercial capital-prices
  • 19: Money-dealing capital
  • 20: Historical material on merchant's capital
  • Part 5: Division Of Profit Into Interest And Profit Of Enterprise
  • 21: Interest-bearing capital
  • 22: Division of profit-rate of interest-'natural' rate of interest
  • 23: Interest and profit of enterprise
  • 24: Interest-bearing capital as the superficial form of the capital relation
  • 25: Credit and fictitious capital
  • 26: Accumulation of money capital, and its influence on the rate of interest
  • 27: Role of credit in capitalist production
  • 28: Means of circulation and capital-the views of Tooke and Fullarton
  • 29: Banking capital's component parts
  • 30: Money capital and real capital: I
  • 31: Money capital and real capital: II (continuation)
  • 32: Money capital and real capital: III (conclusion)
  • 33: Means of circulation under the credit system
  • 34: Currency principle and the English bank legislation of 1844
  • 35: Precious metal and rate of exchange
  • 36: Pre-capitalist relations
  • Part 6: Transformation Of Surplus Profit Into Ground-Rent
  • 37: Introduction
  • 38: Differential rent in general
  • 39: First form of differential rent (differential rent I)
  • 40: Second form of differential rent (differential rent II)
  • 41: Differential rent II-first case: price of production constant
  • 42: Differential rent II-second case: price of production falling
  • 43: Differential rent II-third case: rising price of production-results
  • 44: Differential rent even on the poorest land cultivated
  • 45: Absolute ground-rent
  • 46: Rent of buildings-rent of mines-price of land
  • 47: Genesis of capitalist ground-rent
  • Part 7: Revenues And Their Sources
  • 48: Trinity formula
  • 49: On the analysis of the production process
  • 50: Illusion created by competition
  • 51: Relations of distribution and relations of production
  • 52: Classes
  • Supplement and addendum to volume 3 of Capital / (Frederick Engels)
  • 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.
Review by Publisher Summary 1

The first volume of a political treatise that changed the worldOne of the most notorious works of modern times, as well as one of the most influential, Capital is an incisive critique of private property and the social relations it generates. Living in exile in England, where this work was largely written, Marx drew on a wide-ranging knowledge of its society to support his analysis and create fresh insights. Arguing that capitalism would cause an ever-increasing division in wealth and welfare, he predicted its abolition and replacement by a system with common ownership of the means of production. Capital rapidly acquired readership among the leaders of social democratic parties, particularly in Russia in Germany, and ultimately throughout the world, to become a work described by Marx friend and collaborator Friedrich Engels as “the Bible of the working class.”For more than seventy years, Penguin has been the leading publisher of classic literature in the English-speaking world. With more than 1,700 titles, Penguin Classics represents a global bookshelf of the best works throughout history and across genres and disciplines. Readers trust the series to provide authoritative texts enhanced by introductions and notes by distinguished scholars and contemporary authors, as well as up-to-date translations by award-winning translators.