Commodities
To supplement “Value, Price and Profit”,
here, linked for download, below, is a shortened (by removing one part) version
of Chapter 1 of Karl Marx’s greatest work, “Capital”, Volume 1. This is a text
that has been the material for many a political school. It begins with this
great definition of commodities:
“The wealth of those
societies in which the capitalist mode of production prevails, presents itself
as ‘an immense accumulation of commodities,’ its unit being a single commodity.
Our investigation must therefore begin with the analysis of a commodity.
“A commodity is, in
the first place, an object outside us, a thing that by its properties satisfies
human wants of some sort or another. The nature of such wants, whether, for
instance, they spring from the stomach or from fancy, makes no difference.
Neither are we here concerned to know how the object satisfies these wants,
whether directly as means of subsistence, or indirectly as means of
production.”
And Marx later says:
“A use-value, or
useful article, therefore, has value only because human labour in the abstract
has been embodied or materialised in it.”
The second section of the chapter explores this dual
character of commodities.
The third section, which contains quite a lot of formulas,
is omitted for the sake of brevity. Sections of the chapter that have been left
out can be read on Marxists Internet Archive.
The fourth and last section of the chapter is on the Fetishism
of Commodities, meaning that in a capitalist society the relations between
commodities replace the relations between people.
In commodities, writes Marx, “the social character of men's labour appears to them as an objective
character stamped upon the product of that labour; because the relation of the
producers to the sum total of their own labour is presented to them as a social
relation, existing not between themselves, but between the products of their
labour.”
If there is a single purpose for Marx’s book it is to
re-make human relations so that they are between humans again, or in other
words to restore human beings to themselves.
Please download and
read this text via the following link:
Capital V1, C1, Commodities, Marx (9048 words)
Further (optional)
reading:
Value, Price and Profit,
Parts 6 to 10, Marx (6563 words)
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