UnderstandCiapnigt al UnderstandCianpgi tal MarxE'cso noTmhieco r y DuncanK . Foley HarvarUdn iversPirteys s CambridMgaes,s achusaentdtL so,n donE,n gland Copyrigh1t9© 8b6y t heP residaenndtF ellows ofH arvardC ollege All rirgehstesr ved Printiendt heU niteSdt atoefsA merica Thibso okh asb eend igitarlelpyr inteTdh.e c ontent remaiindse ntitcota hla otfp reviopursin tings. LiborCfao rnyg Craetsasl ogingD-aitna- Publication FoleDyu,n caKn. Understandcianpgi tal. Bibliograpp.h y: Includiensd ex. 1.C apita2l.M.a rxK,a rl1,8 18-18K8a3pi.t al 3.M arxiaenc onomicsI.T. i tle. HBSOl.F614948 6 335.4'1 86-4736 ISBN0 -674-92(0c8lo7t-h2) ISBN0 -674-92(0pb8k8.-)0 Tom ys tudents witthha fnoakrlst l h heaytv aeu mgeh t Preface Thibso oiksi ntentdoeb dea g uidteof undamepnatsasla igne s Marxw'rsi tionneg cso nomaincdts ot hoev ersatlrlu cotfMu arrex 's econoimdieca Ihs a.v per ovirdeefde retnopc eerst inent chapters ofC apbietcaaluIb seel itehvaaetn yownheo i ss eriously interested inl earnwihnagMt a rtxh ougahbto uetc onommiucssgt o b eyond readiagn ugi doeft hiksi ntdor eadiwnhgaM ta rwxr otAet.t he endo ft heb ookI,h avmea des uggestfioofrnu srt rheeard ing, choostihnogrs eef eretnhcaaetrsh e e lpefiutlhb eerc autsheea yr e vercyl eawrrliyt otreb ne cautsheee yx emplapi afryt ipcouilonaftr vieAw m.o rceo mplbeitbel iogcraabnpe fh oyu nidnt hDei ctionary ofM artxT ihosug(hBto ttoemto ra1el9 .8,4 ). Ih avues emda themattoii lclsu satnrdea xtpel tahitenh eoirny sompel acTehsel. e voefml a themaitsai bcosut th sea maes t hat demandbeyad n i ntermediautned-elregvreaeldc uoantoetm hiec orcyo urse. Mya imi st op roviagd een eirnatlr odutcoMt airoxne' cso nomic theorrayt htehrat noa rgufoear p artiicnutlearrp reBtuattth ieo n. readsehro uklndo twh aItt a kaec ontrovaenrdus nicaoln ventional stanodnt hter eatmoefpn rti caensdl abvoarl utehsev, a luoef labor-paonwdew rh,a Itc altlh ev aluoefm oneayn du nequal exchanSgeer.i socuhso loafMr asr xtihseto ry whosIer eopinion spechta vcer itimcyi ezxepdl anaotfti hoenst eo piacnsdh ave questimoync ehdo iocfve o cabuilnda irsyc ustshienmIgb. e lieve thamty t reatomfet nhte tsoep iicsfs a itthofM ualr xc'osn ception. Buetv emno riem portIab netl,it ehvaetth iwsa yo fa pproaching thper oblheamds e cispievdea gogaidcvaaln taTgheeis n.t erpreta- viiPir eface tiorne loIyn o ffear s simdpilreea,cn tdt, r ansparent explanation oft hree labteitowne elna bttohhree oorfvy a launedt h peh enom enawlo roldfm oneayn pdr icIeatsv .o itdhpsei toffai lmlp osai ng vercyo mpldeixs cusosfli eovneo lfas b straocntt ihsoent udent frisetn coeurnittnhgle a btohre oorfvy a luAe s.t udwehnoth as grasmpyei dn terprweitlalit naibg oeon o pdo sittoiu onnd erstand thaer gumefnootrts h ienrt erpreatswa et.li lons Among mtahneyp eopwlheo h avhee lpmeedu nderstand Maxrisetc onomIiw cosu,l pda rticluilkateroa l cyk nowledge MichaanedSlu saCanr tJeernC,sh ristiJaancGskue rnl,e y, Donald HarrBirsi,d Og'eLta ughChliirna,an njdGi ib tSae nA,l exander ThompsRoonb,eW ritl liaanmdtsh ,oe t hpearr ticiintp hapeno ts liteiccoanlo smeym inaatSr t anfUonridv erdsuirtimyny gt ime thearneSd u zandneBe r unh,Go effraDrudm enLialu,r eHnacrer is, DaviLde viDnoem,i niLqeuveAy l,a Liinp iJeothzRn,o emeJre,s se SchwaArntwza,Sr h aiEkdhw,a Wrodl ffa,n dt hset udeinnmt ys courisnMe a rxeicsotn otmhiecoa rtBy a rnaCrodl loefCg oel umbia University. AliAcmes deAnn,d rBeu rgstGaelrlaeDrrud,m enDioln,a ld HarrSitse,p hMeanr glDienb,o rMaihl enkoLvaintcTceah y,l or, andE dwaWrodl hffa vgei vmeenh eluplcf ommeonntt sh der afts oft hbioso Mki.c hAareoln soofHn a rvard UnPirveesressr ieotdffy mei mportant encaonudsr uapgpeaomtarce trn itt piociiannltt h is preocjJto.d Sii mpsowno'roskn m ym anuschrairspe ts ulitne d innuambelriem proveimnef notrascn edc larity. QuotatfrioomGn srn udriFsonsudea:t oifto hCners i toifPq oulei tical Ecoyn obmy KarlM arxt,r anslbayt Meadr tiNni colaus (HarmondsawnodNr etwhY orPke:n guBiono kasn dR andom Housceo;p yr1i9g37h,Mt a rtNiinc olaarurese )p ribnypt eerd mis sioonft hpeu blisQhueortsa.t iontshf eo flrloombw oionkagsr e repribnyt edp ermoisfIs nitoenrn atPiuobnlailsC hoemrpsa ny: CapiVtoallum,1e ,2s ,a nd3 ,b yK arl Meadrixtb,ey Fd . Engels (copyr1i9g6hT7t)h ;e oorfSi uperlsVu alsu beyK arMla r(xc opyright 196A3C )o; nitbrutttoih oCenr itoiPf qouleiE tciocnbaoyKlm a yrM la rx, editeMda ubryiD coeb (bc opyr1i79g0hS)t;e leWcotrebkydsK a rl Maraxn dF rederick Enge1l69s8 ).( copyright FinaIlw loyu lldi kteot hanmkyw ifHee,l ePneee Fto lefyo,r beariinmn agn wya ytsh meo sbtu rdencsoosmotefms y p ursoufi t thipsa tahn,dm ys onN,i chowlhaoss o,m ehmoawn agteogs i ve meb ack meonreert ghyah neu seusp . Contents 1 On ReadinMga rxM:e thod 1 2 TheC ommoditLya:b orV,a lueM,o ney 12 3 TheT heoroyfC apitaanldS urplVuasl ue 31 4 Productuinodne Cra pitalism 49 5 TheR eproductoifCo anp ital 62 6 TheE qualizaotfti hoenR atoef P rofit 91 7 TheD ivisioofSn u rplVuasl ue 105 8 TheF alliRnagt oef P rofit 125 9 TheT heoroyfC apitaClriissti s 141 10 Socialism 158 SuggesRteeadd ings 137 References 177 Index 181