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Contribution to the Critique of Political Economy - Softcover

 
9780717800414: Contribution to the Critique of Political Economy
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Book may have numerous typos, missing text, images, or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1911. Excerpt: ... 3. MONEY. Money as distinguished from coin, the result of the circulation process C--M--C, forms the starting point of the circulation process M--C--M, i. e. the exchange of money for commodity in order to exchange commodity for money. In the form C--M--C, commodity forms the starting and final points of the movement; in the form M--C--M, money plays that part. In the former case money is the medium of exchange of commodities, in the latter the commodity helps money to become money. Money which appears merely as a means of circulation in the first form becomes an end in the second form; while commodity which appeared first as the end, now becomes but a means. Since money is itself the result of circulation C--M--C, the result of circulation appears at the same time as its starting point in the form M--C--M.

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About the Author:

Described as one of the most influential figures in human history, Karl Marx was a German philosopher and economist who wrote extensively on the benefits of socialism and the flaws of free-market capitalism. His most notable works, Das Kapital and The Communist Manifesto (the latter of which was co-authored by his collaborator Friedrich Engels), have since become two of history s most important political and economic works. Marxism the term that has come to define the philosophical school of thought encompassing Marx s ideas about society, politics and economics was the foundation for the socialist movements of the twentieth century, including Leninism, Stalinism, Trotskyism, and Maoism. Despite the negative reputation associated with some of these movements and with Communism in general, Marx s view of a classless socialist society was a utopian one which did not include the possibility of dictatorship. Greatly influenced by the philosopher G. W. F. Hegel, Marx wrote in radical newspapers from his young adulthood, and can also be credited with founding the philosophy of dialectical materialism. Marx died in London in 1883 at the age of 64.

Language Notes:
Text: English (translation)
Original Language: German

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