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A CRITIQUE OF POLITICAL ECONOMY

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A CRITIQUE OF POLITICAL ECONOMY

BY

KARL MARX

THE PROCESS OF CAPITALIST PRODUCTION
FROM THE THIRD GERMAN EDITION BY

TRANSLATED

SAMUEL MOORE AND EDWARD AVELING

'EDITED BY

FREDERICK ENGELS

REVISED AND AMPLIFIED ACCORDING TO THE
FOURTH GERMAN EDITION

BY ERNEST UNTERMANN

BENNETT A. CERF DONALD S. KLOPFER

THE MODERN LIBRARY

NEW YORK

π

Section 1.-The two Factors of a Commodity; Use Value and Value (the

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Substance of Value and the Magnitude of Value),

Section 2.-The Twofold Character of the Labour embodied in Commodities, 48

Section 8.-The Form of Value, or Exchange Value,

A. Elementary or Accidental Form o Value,

1. The two Poles of the Expression of Value: Relative Form and

Equivalent Form,

The Relative Form of Value,

(a.) The Nature and Import of this Form,

(b.) Quantitative Determination of Relative Value,

8. The Equivalent Form of Value,

4. The Elementary Form of Value considered as a Whole,

B. Total or Expanded Form of Value,

1. The Expanded Relative Form of Value,

2. The Particular Equivalent Form,

3. Defects of the Total or Expanded Form of Value,

C. The General Form of Value,

1. The altered Character of the Form of Value,

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2. The interdependent Development of the Relative Form of Valus,

and of the Equivalent Form..

3. Transition from the General Form to the Money Form,

D. The Money Form, .

Section 4.-The Fetishism of Commodities and the Secret thereof,

CHAPTER 11.-Money, or the Circulation of Commodities,

Section 1.-The Measure of Value,

Section 2.-The Medium of Circulation.

a. The Metamorphosis of Commodities,

6. The Currency of Money,

CHAPTER V.-Contradictions in the General Formula of Capital,
CHAPTER VI.-The Buying and Selling of Labour-Power,