Collected Works, Volume 35: Karl Marx - Capital, Volume 1
Karl Marx, Friedrich Engels
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Volume 35 contains Volume I of Capital, Marx's major economic work. Volume I deals with the process of production of capital.
Marx/Engels Collected Works (MECW) is the largest collection of translations into English of the works of Karl Marx and Friedrich Engels. It contains all works published by Marx and Engels in their lifetimes and numerous unpublished manuscripts and letters. The Collected Works, which was translated by Richard Dixon and others, consists of 50 volumes. It was compiled and printed between 1975 and 2005 by Progress Publishers (Moscow) in collaboration with Lawrence and Wishart (London) and International Publishers (New York).
The Collected Works contains material written by Marx between 1835 and his death in 1883, and by Engels between 1838 and his death in 1895. The early volumes include juvenilia, including correspondence between Marx and his father, Marx's poetry, and letters from Engels to his sister. Several volumes collect the pair's articles for the Neue Rheinische Zeitung.
Other volumes in the Collected Works contain well-known works of Marx and Engels, including The Communist Manifesto, The Eighteenth Brumaire of Louis Napoleon, and Capital, lesser-known works, and previously unpublished or untranslated manuscripts. The Collected Works includes 13 volumes of correspondence by the mature Marx and Engels, covering the period from 1844 through 1895.
Although the Collected Works is the most complete collection of the work by Marx and Engels published to date in English, it is not their complete works. A project to publish the pair's complete works in German is expected to require more than 120 volumes.
more and more expands into an embodiment of human labour in the abstract, in the same proportion the character of money attaches itself to commodities that are by nature fitted to perform the social function of a universal equivalent. Those commodities are the precious metals. 100 Capitalist Production The truth of the proposition that, "although gold and silver are not by nature money, money is by nature gold and silver",11 is shown by the fitness of the physical properties of these metals
appearance of having been effected not by means of the change of form of the commodities, but rather by the money acting as a medium of circulation, by an action that circulates commodities, to all appearance motionless in themselves, and transfers them from hands in which they are non-use values, to hands in which they are use values; and that in a direction constantly opposed to the direction of the money. The latter is continually withdrawing commodities from circulation and stepping into
relative value of gold and silver, see Karl Marx, 1. c , p. 136 sq. [present edition, Vol. 29, p. 387 sq.]. Sir Robert Peel, by his Bank Act of 1844, sought to tide over the difficulty, by allowing the Bank of England to issue notes against silver bullion, on condition that the reserve of silver should never exceed more than one-fourth of the reserve of gold. The value of silver being for that purpose estimated at its price in the London market. // Added in the 4th German edition.— We find
two contracting parties always gain, both of them (!) " (Destutt de Tracy, Traité de la volonté et de ses effets, Paris, 1826, p. 68). This work appeared afterwards as Traité d'Econ. Polit.'39 2 Mercier de la Rivière, 1. c , p. 544. 3 "Whether one ofthose two values is money, or they are both ordinary commodities, is in itself a matter of complete indifference" (Mercier de la Rivière, 1. c , p. 543). 4i "It is not the parties to a contract who decide on the value; that has been decided before the
interest-bearing capital are derivative forms, and at the same time it will become clear, why these two forms appear in the course of history before the modern standard form of capital. We have shown that surplus value cannot be created by circulation, and, therefore, that in its formation, something must take place in the background, which is not apparent in the circulation itself.2; But can surplus value possibly originate anywhere else than in circulation, which is the sum total of all the