Publisher's Synopsis
Capital: A Critique Of Political Economy V2: The Process Of Circulation Of Capital (1908) is a seminal work by Karl Marx, which is the second volume of his three-volume series on the analysis of capitalism. This book focuses on the process of circulation of capital, which is the movement of capital from one form to another in the process of production. Marx argues that this process is the key to understanding the dynamics of capitalism and the exploitation of workers.The book is divided into three parts. Part one discusses the concept of value and the process of exchange in a capitalist system. Marx argues that value is not inherent in commodities but is created through the labor process. He also critiques the idea of free markets and argues that they are not truly free because of the power imbalance between capitalists and workers.Part two focuses on the process of circulation of capital, which is the movement of capital from one form to another in the process of production. Marx analyzes the different stages of this process, including the purchase of labor power, the production process, and the sale of the finished product. He argues that the capitalist system is inherently unstable and prone to crises because of the contradictions between the forces of production and the relations of production.Part three discusses the role of credit and financial institutions in the capitalist system. Marx argues that credit is a form of capital that is used to expand production and increase profits. However, he also argues that credit can lead to financial instability and crises.Overall, Capital: A Critique Of Political Economy V2: The Process Of Circulation Of Capital (1908) is a complex and challenging work that provides a detailed analysis of the workings of capitalism. It is a key text in the Marxist tradition and continues to be influential in contemporary debates about economic inequality and exploitation.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
