Category: Marx’s Capital Study Group

  • The Labour Process and the Valorization Process

    Read more in this PDF about The Labour Process and the Valorization Process 

  • Preliminary comments on CAPITAL: Chapters 1 and 2

    1. In this idealized society Marx envisions in the first few chapters of Capital, we are all atomized, independent producers pursuing our own private self-interest. We each decide what we produce and how much we produce of it without consulting anyone else. This division of labor develops spontaneously in history.…

  • Glossary For The First Two Chapters Of Marx’s Capital

    COMMODITY: It is something that is produced specifically to be exchanged for some other commodity (which can include money). If someone bakes a cake for one’s family, it is not a commodity since it is not being exchanged. But if someone bakes a cake to sell, then it becomes a…

  • Bill’s notes on Commodity Fetishism

    “What I have to examine in this work is the capitalist mode of production, and the relations of production and forms of intercourse that correspond to it.” From the first Preface to Capital by Marx. So this is not intended to be a standard economics textbook that just talks about…