“It appears then, that capitalist production comprises conditions independent of good or bad will, conditions which permit the working-class to enjoy that relative prosperity only momentarily, and at that always only as the harbinger of a coming crisis.”
Quote by Karl Marx
Work
Capital Volume II, titled The Process of Circulation of Capital, explores how capital moves through the stages of circulation to generate surplus value. The work analyzes the transformation of money capital into commodity capital and productive capital, examining the circuits of industrial capital. Marx discusses the turnover time of capital, fixed and circulating capital, and the reproduction schemas that illustrate the reproduction of the total social capital. This volume was edited and published posthumously by Friedrich Engels in 1885, based on Marx's unfinished manuscripts. Together with Volumes I and III, it forms Marx's comprehensive critique of the capitalist mode of production and remains a fundamental text in political economy and Marxist theory. more
