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A Contribution to the Critique of Political Economy

The author analyzes the foundations of bourgeois political economy by dissecting the commodity and the money form, treating commodities’ dual character as use-value and exchange-value and identifying labor-time as their common substance. He develops how money emerges as the universal equivalent, detailing physical qualities required for a universal medium—divisibility, homogeneity, uniformity, and durability—and critiques earlier value theories. An introductory section frames the inquiry in a materialist account of social development and outlines a broader program to examine capital, landed property, wage labor, the state, foreign trade, and the world market.

About This Book

The author analyzes the foundations of bourgeois political economy by dissecting the commodity and the money form, treating commodities’ dual character as use-value and exchange-value and identifying labor-time as their common substance. He develops how money emerges as the universal equivalent, detailing physical qualities required for a universal medium—divisibility, homogeneity, uniformity, and durability—and critiques earlier value theories. An introductory section frames the inquiry in a materialist account of social development and outlines a broader program to examine capital, landed property, wage labor, the state, foreign trade, and the world market.

About the Author

Marx, Karl portrait

Karl Marx

Karl Marx (1818-1883) was a German philosopher, economist, and revolutionary socialist whose works have had a profound impact on modern political thought. He is best known for co-authoring "The Communist Manifesto," which outlines the principles of communism and critiques capitalism. Marx's analysis of history and society, particularly his theory of historical materialism, has influenced various fields, including sociology, economics, and political science. His seminal work, "Das Kapital," delves into the capitalist system and its socio-economic implications. Marx's ideas continue to spark debate and inspire movements around the world, making him a pivotal figure in the study of political theory and social change.

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