Marx’s Capital II, The Circulation of Capital: General Introduction
Christopher J. Arthur, Geert Reuten
Abstract
Christopher J. Arthur, Geert Reuten
Abstract
To understand how the life and growth of capital related to the exploitation of people was Marx’s aim in his great work, Capital . But for a comprehensive account of the logic of capital’s life process it was necessary to go beyond the dynamic of class struggle at the point of production elucidated in the first volume of the work. Marx discerned three complementary aspects of capital’s movement which he treated in three books: the production of capital (1867); the circulation of capital (1885); and ‘the process as a whole’ (including distribution) (1894). These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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To understand how the life and growth of capital related to the exploitation of people was Marx’s aim in his great work, Capital . But for a comprehensive account of the logic of capital’s life process it was necessary to go beyond the dynamic of class struggle at the point of production elucidated in the first volume of the work. Marx discerned three complementary aspects of capital’s movement which he treated in three books: the production of capital (1867); the circulation of capital (1885); and ‘the process as a whole’ (including distribution) (1894). These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Key concepts: Capital (architecture), Means of production, Circulation (fluid dynamics), Fixed capital, Production (economics), Economics, Financial capital, Neoclassical economics