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leberwurst proletariat

Tag: reproduction

Simon Clarke’s Guide to Capital: All Three Volumes


Simon Clarke’s homepage / publications. Guide to Capital as doc / pdf

Capital, volume 1, Chapter 1.


The first chapter of Capital is both the most important, in that it introduces the basic concepts of Marx’s theory of value, and the most difficult.

Marx first began to work out his theory of value in the Grundrisse (1857), but the discussion there is very convoluted and incomplete. The first version of Chapter One of Capital is to be found in the Critique of Political Economy (1859), whose first chapter is in many ways the best introduction to Chapter One of Capital. The discussion of the Critique differs in a number of ways from that of Capital:

  1. In the Critique Marx does not make the fundamental distinction between value and exchange-value that is made in Capital
  2. in the Critique the argument has a much more ‘Hegelian’ flavour: the argument is entirely formulated in terms of the development of the contradiction between (exchange)-value and use-value
  • the logical and historical development of the argument are both present, but are separated: a logical analysis is followed by a historical one, whereas in Capital the two are more closely integrated
  • Marx devotes much more attention to money in the Critique (and in the Grundrisse) than he does in Capital, (the discussion of money in Capital refers the reader back to the Critique)
  1. The explanation of the theory of value in the Critique is rather different from that in Capital. In the Critique the discussion of commodity fetishism is more closely integrated into the discussion of the theory of value and it is clear that for Marx it is the ‘qualitative’ rather than the ‘quantitative’ dimension that is important: i.e. the theory of value is a theory of the way in which, through money and exchange, private labours are brought into social relation with one another. In Capital the exposition emphasises the quantitative dimension first: the theory of value as a theory of the ratio in which commodities exchange, before discussing the qualitative dimension.

The version of the first chapter of Capital in the English translations is a revised version that first appeared in the third German edition. In the first two editions the first chapter was shorter (roughly the first two sections of the later version and shorter versions of the third and fourth sections), and there was also an Appendix on ‘The form of value’ that was integrated into the third section in the rewrite. The change was made in an attempt to make the first chapter more comprehensible but it does introduce some differences in emphasis. (A translation of the first version of Ch. 1 and the Appendix is published, in a very tortuous translation, in Value Studies by Marx (A. Dragstedt, ed.). A much better translation of the Appendix has been published in Capital and Class, 4, 1978.)

Chapter One of Capital offers us a sociological theory of the market. Marx does not see the market simply as an institution in which individuals meet to exchange commodities, to be understood in isolation from the production of commodities, for exchange itself has implications for production. It is through the price mechanism that apparently independent producers are persuaded to produce in accordance with social needs: if too much of a commodity is produced, the price falls and less will be produced: producers will direct their labour into the production of other goods. If a producer is inefficient he or she will not get full recognition in the market for the work he or she has done, and so will be compelled to increase efficiency. Thus the market is the place in which the labour of individual producers is brought into relation with that of other producers, and so of society as a whole. The market is a particular way of allocating social labour, appropriate to a particular kind of society in which individuals work independently of one another to produce goods for the use of others. Thus the relation between individual producers in a commodity producing society is not directly recognised as a social relation – the producers do not get together to plan production as interdependent members of society. Instead the social relation between these producers takes the form of a relation between things, between the goods they exchange for one another. The exchange ratio, or exchange value, of commodities, is not, therefore, merely a relation between inanimate objects, but it expresses the relation between the labours of the individuals who have produced those commodities. This idea is the basis of Marx’s theory of value.

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Federici vs. Marx (Gilles Dauvé)

“rough magic I here abjure”

Shakespeare,The Tempest, 1610

Caliban & the Witch is of undeniable interest for our understanding of social movements at the critical juncture between medieval and modern times, of the advent of capitalism, its sexual dimension, the treatment of women and the conversion of female and male bodies into a work-machine, among other things. But the book also sets forth a vision of past and present which is as questionable as the political perspective that this vision entails. (1)

How capitalism came about according to Silvia Federici

Federeci claims to be writing “against Marxist orthodoxy” (p.6), and Caliban & the Witch is commonly read as a complement (or for some readers, as an alternative) to Marx’s Capital, especially Part VIII. Federici writes:

“ (..) my description of primitive accumulation includes a set of historical phenomena that are absent in Marx, and yet have been extremely important for capitalist accumulation. They include : 1) the development of a new sexual division of labour subjugating women’s labour and women’s reproductive function to the reproduction of the work-force; 2) the construction of a new patriarchal order, based upon the exclusion of women from waged-work and their subordination to men; 3) the mechanization of the proletarian body and its transformation, in the case of women, into a machine for the production of new workers.” (p. 11)

So we expect to read what was missing in the accepted master narrative, especially as history suffers from a long tradition of writing women off. The question is, where does a counter-hegemonic history lead us? In Federici’s case, the author is not merely filling in gaps: her analysis of primitive accumulation amounts to nothing less than a conception of capitalism not just different from Marx’s but indeed opposed to it.

In order to understand the birth of capitalism, she emphasises the specific oppression that social groups, women in particular, were subjected to. That is what she is targeting, and her approach prioritises certain factors and downplays others.

The question is, what tipped the historical scales ?

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