Collected Works, Vol. 29: Marx: 1857-1861 by Frederick Engels Karl Marx

By Frederick Engels Karl Marx

A part of a definitive English-language version, ready in collaboration with the Institute of Marxism-Leninism in Moscow, which incorporates the entire works of Marx and Engels, no matter if released of their lifetimes or on the grounds that. The sequence contains their whole correspondence and newly chanced on works.

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By Frederick Engels Karl Marx

A part of a definitive English-language version, ready in collaboration with the Institute of Marxism-Leninism in Moscow, which incorporates the entire works of Marx and Engels, no matter if released of their lifetimes or on the grounds that. The sequence contains their whole correspondence and newly chanced on works.

Show description

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Extra info for Collected Works, Vol. 29: Marx: 1857-1861

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The in nce ste exi nal tio no a had y usl vio pre ich wh ce, pri the t fact tha the commodity, is now really posited, and that the commodity is now actually exchanged for its price, money, does not increase this price, of course. Circulation time, therefore, does not appear as time which determines value; and the number of turnovers, as far as it is t tha g tin ica ind as ear app not s doe e, tim n atio cul cir by d ine erm det capital introduces a new value-determining element, one which belongs to it, sui generis, as distinct from labour.

BY labour tIme and cIrculation time [V I- 3 5 ] ' . in th e �bove. B. m. On w'hich capital intrporodupceorts Iohneres gIVen into e pOSItIng 0 �alue IS, as shown above, a n . If , e . , a �apItal of [ 1 ? 0 reqUIres 3 mo egative, limiting one. nths, say 90 da s, for . productIOn, It could, If cI rculation time = O , turn over 4 Jmes a . yea:, . and all of It would be continuousl y a ct �osItmg surplus labour, as value multiplying itivseelfa. sIfcapital, i. e . as 8 0 of the 90 ays represented necessary labour, 10 w o 1�bou:.

Of capital; as giving one capital a partICular qualIty as compared WIth another; as particularising it. s we have already see� on repeated occasions, nothing is more mIstaken than overlookIng the fact that the distinction �etween use value and exchange value, which in simple circula­ tIOn, to the extent that it is realised, lies outside the economic determination of form, lies outside it in general. We have found, rath�r, that at the different stages of the development of economic relatIons exchange value and use value are determined in different relations, and that this determinateness itself appears as a different determination of value as such.

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