Karl Marx’s Capital,
Volume 1, Part 0
First Edition, 1867
A Quest for a Secret
Capital, Volume 1
Next week,
the Communist University begins posting a ten-part course on Karl Marx’s
Capital, Volume 1. This will be the first of four ten-week courses to be
run through this and its related e-mail channels in 2012. The first
Johannesburg Communist University live session is scheduled to take place on 25
January 2012.
The course
on Capital, Volume 1 will be followed by three further ten-week courses, on Capital
Volumes 2 and 3, on The Classics, and last but not least, our course “No Woman,
No Revolution”. This year’s courses therefore amount to a comprehensive
run-through of the most fundamental texts of Marxism – all three volumes of
Capital, plus the most salient of the other Marxist Classics, plus indispensable
material on revolutionary women.
Karl Marx’s “Capital, Volume 1”, published in 1867, is the
most outstanding product of a long project that Marx begun in the 1840s, when
he was still a young man in his twenties.
Volume 2, edited by Marx’s lifelong comrade and intellectual
collaborator Frederick Engels, was published two years after Marx’s death, in
1885. Volume 3 was published in 1894, one year before Engels’ death.
The entire project is a quest for a full explanation of what
Marx called, at the end of Chapter 18 of Volume 1: “The secret of the
self-expansion of capital.”
This secret is what Marx called Surplus-Value, gained by purchasing the commodity Labour-Power at its full value, and
then putting it to work and expropriating the entire product of the actual Labour expended. This
constantly-repeated process sustains the otherwise unstable thing called
Capital, rather as a table-tennis ball may be kept in the air by a fountain of
water or of air.
In studying this book, it helps to be able to follow the
development of Marx’s quest for “the secret of the self-expansion of capital”
consciously.
Karl Marx’s thought did not spring forth fully-elaborated in
one moment. Especially in the early years, Marx had to work very hard, and his
quest was still work-in-progress when he died. All this is apparent from works
produced prior to 1867, as much as from Volume 1 itself, and from the papers he
left for Engels to put together for publication, up to the very last page the
last chapter of Volume 3, which ends: “[Here
the manuscript breaks off.]”.
Reading it as a quest, which it was, makes it more
understandable.
The size of Capital,
Volume 1
One challenge presented by Volume 1 is its uneven shape and
large size. The Communist University’s method, strongly influenced by the work
of Paulo Freire, relies on certain simple principles and practices. We discuss
original texts. We use extracts from books to create “Short Texts” that can be
used as Freirean “codifications”. The point is not to learn the work s if for
an examination, but to have a discussion, and thereby to socialise our
collective understanding of it.
In the case of “Capital”, this principle of discussion is no
less crucial; but the huge size of the project made the search for “Short
Texts” difficult. Please note that the source of all our texts for this series
on Capital Volume 1 has been Marxists Internet Archive. You can
consult that text to fill in any omissions you may find in the material
presented.
The shape of Capital,
Volume 1
Capital, Volume 1 contains 33 chapters. Most of them are
short, but there are five long ones, starting with Chapter 1
(Commodities). Chapter 3 (Money) is also
long, as is Chapter 10 (The Working Day), Chapter 15 (Machinery and Modern
Industry), and Chapter 25 (General Law of Capital Accumulation).
The structure of the book is deliberate, not accidental.
Commodity is the right point of departure, and together with the subsequent two
chapters on Exchange, and Money, it sets the scene for Chapters 4 and 5 which
give the outline “General Formula for Capital”.
The remaining 28 chapters are a carefully-paced rolling out
of the idea of Surplus-Value, with all its implications, in short, easy, and sometimes
repetitive steps. Exceptions are Chapters 10, 15 and 25, which are “books
within the book”. Yet these inner books are also part of the quest for “the secret of the self-expansion of
capital”.
Consequent design of
the CU series on “Karl Marx’s Capital, Volume 1”
The above considerations led to the following decisions
(which will be explained further in the introductions to the individual texts):
- The series begins with Marx’s 1848 study-circle text called “Wage Labour and Capital”, and specifically with Engels’ 1891 Introduction to the first publication of that text, because it explains why Karl Marx worked for so many years on the question of Surplus-Value, a question that had not been fully answered in 1848, by anyone.
- There are also two other texts showing the development of Marx’s work in the two decades prior to 1867. These help to get an overview of the main work, and should assist the reader/student to get a grasp of Karl Marx’s overall intention. One of these consists of parts from the 1848 “Communist Manifesto”. The other is extracts from Marx’s 1865 talk to workers called “Value, Price and Profit”.
The above three instalments constitute the first part of our ten-part course.
Capital Volume 1 itself is reduced, where necessary, in the
following ways:
- Some text is left out (i.e. “redacted”). This has been done with the third section of Chapter 1, with six of the ten sections in Chapter 15, and with part of Chapter 25.
- Footnotes are sometimes left out. This is regrettable! The footnotes to “Capital” are a treasury of great worth. For this reason, wherever there is spare space in terms of working to multiples of four pages for printing purposes, footnotes have been retained.
Capital Volume 1 is then re-divided in the following ways:
- Short Chapters are combined together.
- Long Chapters are divided.
- In one situation (Chapters 2 and 3) a chapter is divided and part of it is added to the previous chapter
The above results in a division of Capital Volume 1 into 20
parts, which are than divided in an appropriate way among the remaining 9 parts
(weeks) of the course, with one main text in each part and the others given as
alternative or additional reading.
So that we end up with a ten-week course – our standard CU
course length. After completing Volume 1, we will follow on with a ten-week
combined treatment of Capital, Volumes 2 and 3.
By completing this collective, co-operative reading of
Marx’s Capital, you will join a relatively small group of people in this world who
have actually read it all. You will know by then that it is an enjoyable work
and not at all the terrifying thing that may at first appear to be.
- To download the full Capital, Volume 1 course
in PDF files, please click here
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