Marx capital volume 1 epub

It was there that he developed — in close collaboration with his lifelong friend Friedrich Engels — his socio-economic political philosophy, which left lasting impressions not only on the thinkers coming after him but on the world and mankind in general. The second and the third volumes were edited from his notes and published by his friend Friedrich Engels, resulting in a book which exceeds 1, pages and is as unreadable as the later Joyce. And to understand why this happens, you have to understand how the relation between use-value and exchange value functions.

Exchange-value, on the other hand, is the value a commodity gets when compared to other commodities on the market, i. A car produced by Rolls-Royce is much more expensive than a car produced, say, by Fiat, not because the first does more functions than the latter, but because the market has artificially created an exchange value which is not related to the use-value, but to things such as prestige and social status. And secondly, the very existence of luxury cars results in hunger for thousands of people, since it disrupts the relationship between the exchange-value and the use-value, from which only the wealthy profit.

In other words, whenever a capitalist sells a commodity, he sells it with the intention of maximizing the exchange value, which, of course, results in him maximizing his profit. And he is the only one who gets anything out of this deal because his workers are still only paid for their use value. And this is, basically, what surplus value means: by working to create a product, workers add an exchange value to the use value of an object.

However, workers get paid only for their use value, and capitalists get paid for both the use and the exchange value of the commodity. Children — as young as eight years — worked for 14 hours a day.

And many others worked for even more than that! Capitalists own the means of production and have all the power, while workers have none of it and have to willingly accept that their bosses dictate their day for them. And this will go on, says Marx, until the day workers realize that they are much more powerful than it seems at first sight.

Capitalism Exploits Workers 2. Capitalism is far from good, let alone the most perfect system humanity can devise. And, unfortunately, they do the exact opposite — trying to maximize their profit by paying their workers as little as possible. For millions of people worldwide, work means doing one repetitive task over and over again for eight years a day, thirty years straight! And they only start caring about accumulating capital vast enough to grant them an opportunity to buy any commodity they may like in the future.

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I have other questions or need to report an error Please email the diagnostic information above to removing the spaces around the and we will try to help. The question is: why should one be afraid of a book? And, much more importantly, who? He lived in England as a refugee until his death in , after participating in an unsuccessful revolution in Germany. He died in 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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Add To Cart. Karl Marx. Capital, Volume 3. Save Not today. Format ebook. Author Karl Marx. Publisher Wordsworth Editions Ltd. Release 01 October Subjects Philosophy Nonfiction. Search for a digital library with this title Search by city, ZIP code, or library name Learn more about precise location detection. View more libraries Capital, Volume 1.