Capital – A Midweek Review

Where to begin?  Since I posted on Saturday my thoughts on Capital, Volume I, Chapter 3, I’ve only managed to complete the fourth chapter and I’m beginning to make my way through the fifth.  I’m hoping that I’ll be able to continue at my earlier pace because I was quite pleased with how much I had accomplished.

Part 2, The Transformation of Money Into Capital is a short one, and is composed of the following three chapters:

  • Chapter 4:  The General Formula for Capital
  • Chapter 5:  Contradictions in the General Formula
  • Chapter 6:  The Sale and Purchase of Labour-Power

Each of these chapters are relatively short, about 10 pages a piece.  So it shouldn’t be overly difficult or time consuming for me to complete these three chapters.  As I mentioned, I’ve already completed the fourth chapter.  It is my hope that sometime today I’ll complete chapters 5 and 6 and will be able to write about them more thoroughly.

Without getting into too much detail, which will be saved for my post summarizing what I learned, Chapter 4 read very quickly and was rather easy to understand.  Which was a nice surprise given the complexities of the third chapter.  I have also found the commentary in David Harvey’s A Companion To Marx’s Capital to be very beneficial to my understanding of this first volume of Capital.  Professor Harvey explains everything in such a way that it makes it easy to understand exactly what Marx is getting at in this book, and I definitely appreciate the clarity.

So far, reading Capital is a very enjoyable experience and, based on the four chapters I’ve read, is turning out to be very educational as well.  I hope you’ll continue to follow my progress and I encourage you to add your thoughts as I read along, especially if you’ve read the work!


About Jeremy

Husband, book lover, Civil War Buff. If I could read for a living I would, but unfortunately, it doesn't pay the bills!

2 Responses to “Capital – A Midweek Review”

  1. I started Capital ages ago but stopped about a thrid or more of the way through. It is a very subversive book if you haven’t come across radical proletarian theory before…but I had. So it came across to me as more ‘Scientific Socialism’ if you like. My sister bought me Volume 2 for Xmas but I don’t think I’ll get around to reading that for a while.

    I recommend Marx’s Early Writings (Pelican). On The Jewish Qustion, Critique of Hegel’s Philosophy of Right and Philosophical and Economical Manuscripts in particular. (You can read all these on-line for free)

    What originally put me onto Marx (didn’t read any in school etc) was reading some Situationists along with some other factors. I recommend The Situationist Anthology, Society of the Spectacle and The Revolution of Everyday Life. Again, all these are on-line in various places.

    Like I said at the start, The Anthology I found very subversive and also The State and Revolution by Lenin which I read around the same time. I just wish Marxism was a bit cheaper…if the working class is going to emancipate itself then the prices of selected and collected works might have to come down a bit in price…

    Good luck and happy reading, comrade ; )

    • Thanks for the suggestions! I think I’ll see about checking those out at some tiem in the future. Capital definitely isn’t easy to read, and I’ve hit a bit of a rut. I really need to motivate myself to get back into it though!

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