Publisher: Modern Library
Publication Date: 1936
Book Condition: Very Good. No Dustjacket.
Edition: 1st Edition.
New York. 1936. Modern Library. 1st Modern Library Edition. Very Good. No Dustjacket. 21. 869 pages. hardcover. keywords: May 5. inventory # 20513. FROM THE PUBLISHER - Das Kapital: Kritik der politischen Ökonomie (CAPITAL, in the English translation) is an extensive treatise on political economy written in German by Karl Marx and edited in part by Friedrich Engels. The book is a critical analysis of capitalism. Its first volume was published in 1867. According to Marx, the central driving force of capitalism is in the exploitation and alienation of labour. The ultimate source of capitalist profits and surplus is the unpaid labor of wage laborers. Employers can claim the new output value because of their ownership of the productive capital assets - protected by the state through property rights. By producing output as capital - money which is used to buy something only in order to sell it again - for the employers, the workers constantly reproduce the condition of capitalism by their labor. However, though Marx is very concerned with the social aspects of commerce, his book is not an ethical treatise, but rather an attempt to explain the objective ‘laws of motion’ of the capitalist system as a whole, its origins and future. He aims to reveal the causes and dynamics of the accumulation of capital, the growth of wage labor, the transformation of the workplace, the concentration of capital, competition, the banking and credit system, the tendency of the rate of profit to decline, land-rents and many other things. Bookseller Inventory # 20513
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