Hop in, comrades, we are reading Capital Volumes I-III this year, and we will every year until Communism is achieved. (Volume IV, often published under the title Theories of Surplus Value, will not be included, but comrades are welcome to set up other bookclubs.) This works out to about 6½ pages a day for a year, 46 pages a week.
I’ll post the readings at the start of each week and @mention anybody interested. Let me know if you want to be added or removed.
Week 1, Jan 1-7, we are reading Volume 1, Chapter 1 ‘The Commodity’
Discuss the week’s reading in the comments.
Use any translation/edition you like. Marxists.org has the Moore and Aveling translation in various file formats including epub and PDF: https://www.marxists.org/archive/marx/works/1867-c1/
Ben Fowkes translation, PDF: https://libgen.is/book/index.php?md5=AA342398FDEC44DFA0E732357783FD48
(Unsure about the quality of the Reitter translation, I’d love to see some input on it as it’s the newest one)
AernaLingus says: I noticed that the linked copy of the Fowkes translation doesn’t have bookmarks, so I took the liberty of adding them myself. You can either download my version with the bookmarks added or if you’re a bit paranoid (can’t blame ya) and don’t mind some light command line work you can use the same simple script that I did with my formatted plaintext bookmarks to take the PDF from libgen and add the bookmarks yourself. Also, please let me know if you spot any errors with the bookmarks so I can fix them!
Resources
(These are not expected reading, these are here to help you if you so choose)
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Harvey’s guide to reading it: https://www.davidharvey.org/media/Intro_A_Companion_to_Marxs_Capital.pdf
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A University of Warwick guide to reading it: https://warwick.ac.uk/fac/arts/english/currentstudents/postgraduate/masters/modules/worldlitworldsystems/hotr.marxs_capital.untilp72.pdf
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Reading Capital with Comrades: A Liberation School podcast series - https://www.liberationschool.org/reading-capital-with-comrades-podcast/
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I would like to describe the structure of chapter one. This is best explained in Rubin’s writings[1][2], where he calls this Marx’s dialectical or “genetic” method. I’m still trying to wrap my head around it, so this summary is partly to clarify it to myself.
Marx starts from empirical observation and, through analysis (splitting into smaller parts) reduces the concrete reality of commodities to abstract categories of use value, exchange value, value, and labor.[3] The concepts move from concrete to abstract.
Having analyzed the commodity in its concrete, fully developed form and discovered the abstract categories lying underneath, Marx is only halfway done with his investigation. It is imperative to reverse direction, to move back from abstract to concrete using the concepts thus derived.
Marx criticizes the field of classical political economy for stopping its investigation at this point:
Quote about political economy
Political economy discovered that labor is the content or substance of value, but could not push past this limit because of the analytical direction of its approach (concrete to abstract). Labor is the content of value, but this is only abstractly true. To see how this truth manifests itself in the material world, we have to develop the concept in light of the specific, historically given world being studied. It has to be understood what kind of labor makes up value.
For Marx it was important not only to discover the abstract category of value, but to then build up this category and its interconnections with other categories in order to return to the concrete capitalist reality again, this time with an understanding of the movements happening under the surface. Marx wrote in a letter that the easy part is to discover the law of value; but “[w]here science comes in is to show how the law of value asserts itself.”[4]
The remainder of chapter one, and really the rest of Capital, is Marx developing these abstract categories in order to recover concrete reality again. This is the dialectical-materialist method of Marx, which to him is the only way to sufficiently answer questions of science.
As a final remark, I’ll compare this method with the dialectic of Hegel of which I have only a basic understanding. Hegel wanted a presuppositionless logic by which one could acquire knowledge without influence from preconceived notions. In his Science of Logic this means starting from the concept of pure Being, a total abstraction. Marx was also interested in doing science, acquiring knowledge without preconceptions creeping in. However, for Marx, the correct starting point is not the pure concept, but sensuous, measurable reality. Science presupposes nature. Therefore Marx took inspiration from Hegel’s method but inverted it, transforming it from an idealist method into a materialist one:[5]
Marx Hegel quote
1: https://www.marxists.org/archive/rubin/abstract-labour.htm ↩︎
2: https://www.marxists.org/archive/rubin/value/ch12.htm ↩︎
3: Other concepts appear such as “form of value”. This is not an exhaustive list. ↩︎
4: https://www.marxists.org/archive/marx/works/1868/letters/68_07_11-abs.htm ↩︎
5: https://www.marxists.org/archive/marx/works/1867-c1/p3.htm ↩︎
Great write-up! Marx’s dialectical process seems apparent from the very beginning, and seeks to correct areas which dialectics sufficiently filled in the gaps of prior knowledge.
Thanks for the write-up and the links!
I feel like this has to be one of the greatest value of reading Capital today. Not sure how to word this properly (especially not on mobile), but to me it seems capitalism creates layers of abstraction (beginning with the fact that all commodities, regardless of use-value, can be reduced to a ‘third thing’ in its exchange form), and that these layers, which obfuscated the material reality of commodities and commodity production, only intensifies over time.
Great read, thank you for the write-up!
Commodity fetishism, baybee! Capitalism produces forms that both express and obscure its inner logic