Capital: Volume II

Front Cover
Penguin UK, May 25, 2006 - Political Science - 624 pages
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.
 

Contents

Introduction by Ernest Mandel
Preface Frederick Engels
The Circuit of Productive Capital
The Circuit of Commodity Capital
The Three Figures of the Circuit
Circulation Time
Turnover Time and Number of Turnovers
The Overall Turnover of the Capital Advanced Turnover Cycles
Circulation Time
Effect of Circulation Time on the Magnitude of the Capital Advanced
The Turnover of Variable Capital
The Circulation of SurplusValue
The Reproduction and Circulation of the Total Social Capital
Former Presentations of the Subject
Simple Reproduction
Accumulation and Reproduction on an Expanded Scale

Theories of Fixed and Circulating Capital The Physiocrats and Adam Smith
Theories of Fixed and Circulating Capital Ricardo
The Working Period
Production Time
Notes
Chronology of Works by Marx and Engels
Index of Authorities Quoted
Copyright

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About the author (2006)

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.'

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