Marx's 'Das Kapital' For Beginners

Marx's 'Das Kapital' For Beginners


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Marx's 'Das Kapital' cannot be put into a box marked "economics." It is a work of politics, history, economics, philosophy and even in places, literature (yes Marx's style is that rich and evocative). Marx's 'Das Kapital' For Beginners is an introduction to the Marxist critique of capitalist production and its consequences for a whole range of social activities such as politics, media, education and religion. 'Das Kapital' is not a critique of a particular capitalist system in a particular country at a particular time. Rather, Marx's aim was to identify the essential features that define capitalism, in whatever country it develops and in whatever historical period. For this reason, 'Das Kapital' is necessarily a fairly general, abstract analysis. As a result, it can be fairly difficult to read and comprehend. At the same time, understanding 'Das Kapital' is crucial for mastering Marx's insights to capitalism.

Marx's 'Das Kapital' For Beginners offers an accessible path through Marx's arguments and his key questions: What is commodity? Where does wealth come from? What is value? What happens to work under capitalism? Why is crisis part of capitalism's DNA? And what happens to our consciousness, our very perceptions of reality and our ways of thinking and feeling under capitalism? Understanding and learn from Marx's work has taken on a fresh urgency as questions about the sustainability of the capitalist system in today's global economy intensify.

Product Details

ISBN-13: 9781934389591
Publisher: For Beginners
Publication date: 05/29/2012
Series: For Beginners
Pages: 138
Sales rank: 612,059
Product dimensions: 6.00(w) x 9.00(h) x 0.36(d)

About the Author

Michael Wayne is a Professor in Screen Media at Brunel Univerity in London. He has written widely on Marxist cultural theory, film, television and the media.

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Steerforth Press

Copyright © 2012 Michael Wayne
All rights reserved.
ISBN: 978-1-934389-63-8


the commodity

Marx began his critique of capitalism with something very ordinary and everyday. The commodity. The first words of Das Kapital are:

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. —Marx, Das Kapital

Everyone knows that a commodity is something that is bought and sold, or traded for something else thought to be of equal worth.

And it is plain that commodities are bought and sold because they are useful for people.

So a commodity has two sides to it. It has a use value and an exchange value. An exchange value expresses itself as the price at which the commodity exchanges.

This then is our opening definition of a commodity: It is something that is bought and sold because it is useful for people. Expressed like this, there does not seem to be a problem. The use-value side of the commodity and the exchange-value side seem to fit snugly together.

A commodity appears, at first sight, a very trivial thing, and easily understood. Its analysis shows that it is, in reality, a very queer thing, abounding in metaphysical subtleties and theological niceties. —Marx, Das Kapital

* * *

If at first sight the commodity appears a trivial, easily understood thing, Marx will show that within capitalism, things are not as they appear.

Marx's analysis reveals how, in fact, use value and exchange value are at war with each other within modern capitalism.

Let us first consider the use-value side of things. Think about a random sample of products: a teabag, a hammer and a pair of binoculars.

The first thing you notice about them as use values is how different their uses are. Indeed they are quite unique to each product.

Try using a teabag to bang in some nails, or a hammer to magnify a distant object and you are unlikely to have much success.

The utility of a thing makes it a use value. But this utility is not a thing of air. Being limited by the physical properties of the commodity, it has no existence apart from that commodity. —Marx, Das Kapital

As well as being distinct from each other, the unique uses these products have depends very much on their physical structure.

Imagine making a cup of tea with a teabag that did not have any perforations.

Or using binoculars that did not have any lenses inside them.

So the usefulness of these products relates to their precise physical structure and combination of elements. Again this all points to the unique and specific qualities they have for being useful.

Where do the materials for products come from? Obviously they start life as natural materials in some form or another. Tea comes from plants, their bags a blend of wood and vegetable-based fibers. A hammer made from steel comes from iron and carbon combinations. Glass necessary to make lenses also derives from such natural materials as sand and lime.

Of course nature does not spontaneously transform itself into these handy products that make our lives better, more comfortable and more developed. This is a transformation – almost magical in some ways – that is produced by HUMAN LABOR.

Labor is, in the first place, a process in which both man and nature participate, and in which man of his own accord starts, regulates, and controls the material reactions between himself and nature. He opposes himself to nature as one of her own forces, setting in motion arms and legs, head and hands, the natural forces of his body, in order to appropriate nature's production in a form adapted to his own wants. By thus acting on the external world and changing it, he at the same time changes his own nature. He develops his slumbering powers and compels them to act in obedience to his sway. —Marx, Das Kapital

So use value has its origins in nature and human labor. And this is true throughout human history – not just the recent history of capitalist production. Human beings have always produced use values from natural raw materials. And this process of production has in turn developed us as creative, intelligent human beings.

The labor process of human beings is quite different from the instinctual activity that governs animals.

A spider conducts operations that resemble those of a weaver, and a bee puts to shame many an architect in the construction of her cells. But what distinguishes the worst architect from the best of bees is this, that the architect raises his structure in imagination before he erects it in reality. At the end of every labor process, we get a result that already existed in the imagination of the laborer at its commencement. He not only effects a change of form in the material on which he works, but he also realizes a purpose of his own that gives the law to his modus operandi, and to which he must subordinate his will. —Marx, Das Kapital

Because human labor is not directed by instinctual drives but by creativity and imagination, human beings can be inventive. They can adapt to their environment and adapt their environment. They can discover things about themselves and the natural world around them. All this opens up the possibility of making a human history distinct from the history of nature.

The development of the human hand as a tool-making organ was decisive in the development of a human history. As Marx's lifelong friend and collaborator Frederick Engels wrote:

The first operations for which our ancestors gradually learned to adapt their hands during the many thousands of years of transition from ape to man could have been only very simple ones. The lowest savages ... are nevertheless far superior to these transitional beings. Before the first flint could be fashioned into a knife by human hands, a period of time probably elapsed in comparison with which the historical period known to us appears insignificant. But the decisive step had been taken; the hand had become free and could henceforth attain ever greater dexterity; the greater flexibility thus acquired was inherited and increased from generation to generation. —Frederick Engels, The Part Played By Labor In The Transition From Ape To Man

So labor is the very basis of what and who we are as human beings. The unique use values that labor produces derive in turn from the specific qualities which particular kinds of labor bring to the raw materials they work on.

If you want to make paper then it simply will not do to treat wood as if it were iron ore and put it in a hot furnace. Labor must work with the particular qualities which different natural materials have.

It will be important to remember the hymn to human creativity embodied in labor that Marx writes about here when we get to consider what happens to human labor under capitalism.

Now, human labor produces two types of products. One type functions as tools or raw materials that will be used in further acts of labor. The other type produces final products that can be consumed or used by individuals to reproduce themselves – whether that is a roof over their heads or a bite to eat.

Tools and raw materials that have already been worked upon by human labor remain only latent or potential use values. They require further labor to make those use values a reality.

Living labor must seize upon these things and rouse them from their death-sleep, change them from mere possible use values into real and effective ones. Bathed in the fire of labor, appropriated as part and parcel of labor's organism, and, as it were, made alive for the performance of their functions in the process, they are in truth consumed, but consumed with a purpose, as elementary constituents of new use values, of new products, ever ready as means of subsistence for individual consumption, or as means of production for some new labor process. —Marx, Das Kapital

Marx's argument that living labor is required to realize the potential inherent in tools (including advanced machinery) or raw materials will be very important later on for his analysis of capitalism.

Finally we should note that although labor is absolutely central to what Marx called our "species being," labor is in turn dependent on nature. This relationship, Marx says in Das Kapital, is the, "everlasting nature-imposed condition of human existence, and therefore is independent of every social phase of that existence, or rather, is common to every such phase."

Just as it is worth thinking about what happens to human labor when capitalism comes on the historical scene, so too it is worth thinking about what happens to nature and our relationship to nature under capitalism.

For now, though, the one thing you need to take from what we have said so far is that use values and the process of producing them are characterized by unique and specific qualities.

We have been considering the use-value side of products. As we have seen, human beings have always produced use values in order to survive and in order to develop. That production is likely to have been under difficult and unjust circumstances (for example, serfdom or slavery) but that is not the issue right now.

Use values ... constitute the substance of all wealth, whatever may be the social form of that wealth. —Marx, Das Kapital

However, in the last few hundred years, the production of use values has been embodied largely in commodities. This is a new social form of wealth that we call capitalism, and it means that use values are now combined with exchange values.

In the form of society we are about to consider, [use values] are, in addition, the material depositories of exchange value. —Marx, Das Kapital

So what is exchange value?

It must be the value at which commodities exchange for each other. This exchange value finds its expression in prices. And what are prices?

Prices are wooing glances cast at money by commodities. —Marx, Das Kapital

In money, commodities find an easily divisible and portable means of exchange. But money also measures the value of commodities.

So the exchange value of a commodity finds a mirror of its value in money.

Where once in precapitalist times an ordinary commodity such as a chicken might have been traded for another ordinary commodity such as salt, today, under capitalism, one ordinary commodity is exchanged for money.

Commodities find their own value already represented without any initiative on their part, in another commodity existing in company with them. —Marx, Das Kapital

Money is the universal mirror or equivalent that keeps company with all other ordinary commodities. It is in fact no more than a commodity itself, because it is a representation of the exchange value of the ordinary commodity.

Money functions as a means of circulation only because in it the values of commodities have independent reality. —Marx, Das Kapital

We can find out something important about the nature of exchange value by taking a closer look at money – which is both the means of exchange and the measure of value.

Imagine three piles of money, each bigger than the other. The first thing that we notice about these piles of money is that there is very little difference between them. The only difference in fact is a quantitative one.

Now this is in contrast to our three ordinary commodities we discussed earlier: the teabag, the hammer and the binoculars.

We saw that each of those had very different qualities. Of course these qualities come in certain quantities. The quantitative dimension is a natural part of what they are, but it is the qualitative dimension that is most crucial to their differential usefulness. But money is pretty much just money. There is not a lot you can do with it.

You cannot wear money, eat it, smoke it or use it to put nails into woodwork. It has a very thin qualitative dimension. The most important thing about money for most people is its quantitative dimension: how much you have!

You can of course spend money, which is what we generally do with it. But money itself does not really have much of an intrinsic use value in the way a teabag does or a painting by Picasso. As Georg Simmel, a Marx-influenced German sociologist wrote at the turn of the twentieth century:

Money, with all its colorlessness and indifference, becomes the common denominator of all values; irreparably it hollows out the core of things, their individuality, their specific value, and their in-comparability. —Georg Simmel, The Metropolis and Mental Life

So in this sense money is not the same as an ordinary commodity. It is pure exchange value; it is the expression of the commodity only in terms of its monetary worth. To put it another way, it is the expression of only the exchange-value side of the commodity.

As use values, commodities are, above all, of different qualities, but as exchange values they are merely different quantities, and consequently do not contain an atom of use value. —Marx, Das Kapital

What would it mean to look at our ordinary commodities as if they did not contain an "atom of use value"? Well, we would then only be measuring their value and the different amounts of each commodity that would make them equivalent.

So around 100 teabags would be equivalent to one hammer and around 1,000 teabags might be equivalent to a particular pair of binoculars, while maybe 7 hammers would equate to the same pair of binoculars.

By making these commodities equivalent, we are no longer concerned with what differentiates them – i.e., their use values. In terms of their qualities they are all the same – simply expressions of value that are quantitatively comparable.

Instead of taking 1,000 teabags to a shop selling binoculars, we take money, but whether we take money or teabags, we would basically be implying the same thing: that $20 is equal to 1,000 teabags or one pair of binoculars.

The exchange of commodities is evidently an act characterized by a total abstraction from use value. —Marx, Das Kapital

In making 1,000 teabags equivalent to 7 hammers and one pair of binoculars we are discarding their differences and saying that they all share something in common (the act of abstraction Marx writes about).

What they share is the same monetary worth. But what ultimately is value? What is being measured by money and what is being expressed in exchange value?

Marx's answer must initially strike us as strange. It is the human labor power embodied in the commodities which gives them their value.

This is strange because we have already seen that human labor is a producer of use values and it shares with use values their unique and specific qualities. So how can human labor power also be crystallized into a commodity as exchange value, as something that is "a mere congelation of homogenous human labor," as Marx calls it?

Something must happen to human labor when it starts producing commodities under capitalism to enable wildly different commodities to be measured as equivalents.

Along with the useful qualities of the products themselves, we put out of sight both the useful character of the various kinds of labor embodied in them and the concrete forms of that labor. There is nothing left but what is common to them all; all are reduced to one and the same sort of labor, human labor in the abstract. —Marx, Das Kapital

So while human labor produces use values on the one hand, on the other, human labor undergoes some sort of "abstraction" and it is this abstract human labor that produces value in commodities.

We have now learned that commodities are made up of two parts: use value and exchange value. We have begun to see that their combination in a commodity might not be as harmonious as we first supposed. Why? Because exchange value is entirely indifferent to use value. Use value and exchange value then are strange bedfellows. They are joined together in the commodity but one is characterized by the principle of quality (use value) and the other by the principle of quantity (exchange value).

Could commodities themselves speak, they would say: Our use value may be a thing that interests men. It is no part of us as objects. What, however, does belong to us as objects, is our value. Our natural intercourse as commodities proves it. In the eyes of each other we are nothing but exchange values. —Marx, Das Kapital

We can begin to see that the two sides of the commodity might not necessarily get along. We have the basis here of a contradiction. A contradiction arises when two principles that negate one another are embodied within a phenomenon, an object or a system.

Further, we have seen that the twofold character of the commodity is related somehow to the twofold character of labor when it starts producing commodities. On the one hand there is concrete labor, what Marx in Das Kapital calls "a special sort of productive activity, the nature of which is determined by its aim, mode of operation, subject, means, and result."

On the other hand there is abstract labor – which is not a separate activity but is woven into concrete labor. But abstract labor seems to be the polar opposite of concrete labor. It has no specificity or particularity about it. Abstract labor is homogeneous and equivalent, without differentiation, merely an expenditure of physiological energy.


Excerpted from MARX'S DAS KAPITAL FOR BEGINNERS by MICHAEL WAYNE, SUNGYOON CHOI. Copyright © 2012 Michael Wayne. Excerpted by permission of Steerforth Press.
All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher.
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Table of Contents


Title Page,
chapter one The Commodity,
chapter two The Exchange of Commodities,
chapter three Circulation and the Buying of Labor-Power,
chapter four Value,
chapter five Work Under Capitalism,
chapter six Reproduction and Crises,
chapter seven Commodity Fetishism and Ideology,
chapter eight After Capitalism?,

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