of the World's Best Books

CAPITAL

A CRITIQUE OF POLITICAL ECONOMY

The publishers will be pleased to send, upon request, an illustrated folder setting forth the purpose and scope of THE MODERN LIBRARY, and listing each volume in the series. Every reader of books will find titles he has been looking for, handsomely printed, in unabridged editions, and

at an unusually low price.

REVISED AND AMPLIFIED ACCORDING TO THE
FOURTH GERMAN EDITION

BY ERNEST UNTERMANN

BENNETT A. CERF DONALD S. KLOPFER
THE MODERN LIBRARY

NEW YORK

BENNETT A. CERF · DONALD S. KLOPFER · ROBERT K. HAAS

Manufactured in the United States of America

Printed by Parkway Printing Company

Bound by H. Wolff

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

Substance of Value and the Magnitude of Value),

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

Section 3.-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,

އ

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

(b.) Quantitative Determination of Relative Value,

3. The Equivalent Form of Value,

.41

41

48

54

56

56

57

57

61

64

69

72

72

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,

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

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 II.-Exchange

CHAPTER II1.-Money, or the Circulation of Commodities,

Section 1.-The Measure of Value,

Section 2.-The Medium of Circulation.

a. The Metamorphosis of Commodities,

b. The Currency of Money,

CHAPTER IV.-The General Formula for Capital,

CHAPTER V.-Contradictions in the General Formula of Capital,

CHAPTER VI.-The Buying and Selling of Labour-Power,