Capital, Volume Two: The Process of Circulation of Capital, by Karl Marx, is the second volume of Marx's magnum opus, Capital. In this volume, Marx examines the process of circulation of capital, which is the process by which capital is exchanged between different economic agents. He begins by discussing the different forms of capital, such as money, commodities, and labor-power, and how they are exchanged in the market. He then moves on to discuss the different stages of the circulation process, such as production, circulation, and distribution. He also examines the role of credit and the role of the state in the circulation of capital. Finally, he looks at the implications of the circulation process for the development of capitalism and the exploitation of the working class. This volume is essential reading for anyone interested in understanding the dynamics of capitalism and the role of capital in the modern economy.
By Karl Marx · First published 1867 · Genre: Political Theory, Economics, Philosophy · 21 chapters