We are reading Volumes 1, 2, and 3 in one year. This will repeat yearly until communism is achieved. (Volume IV, often published under the title Theories of Surplus Value, will not be included, but comrades are welcome to set up other bookclubs.) This works out to about 6½ pages a day for a year, 46 pages a week.

I’ll post the readings at the start of each week and @mention anybody interested.

Week 1, Jan 1-7, we are reading Volume 1, Chapter 1 ‘The Commodity’

Discuss the week’s reading in the comments.

Use any translation/edition you like. Marxists.org has the Moore and Aveling translation in various file formats including epub and PDF: https://www.marxists.org/archive/marx/works/1867-c1/

Ben Fowkes translation, PDF: http://libgen.is/book/index.php?md5=9C4A100BD61BB2DB9BE26773E4DBC5D

AernaLingus says: I noticed that the linked copy of the Fowkes translation doesn’t have bookmarks, so I took the liberty of adding them myself. You can either download my version with the bookmarks added, or if you’re a bit paranoid (can’t blame ya) and don’t mind some light command line work you can use the same simple script that I did with my formatted plaintext bookmarks to take the PDF from libgen and add the bookmarks yourself.


Resources

(These are not expected reading, these are here to help you if you so choose)


@invalidusernamelol@hexbear.net @Othello@hexbear.net @Pluto@hexbear.net @Lerios@hexbear.net @ComradeRat@hexbear.net @heartheartbreak@hexbear.net @Hohsia@hexbear.net @Kolibri@hexbear.net @star_wraith@hexbear.net @commiewithoutorgans@hexbear.net @Snackuleata@hexbear.net @TovarishTomato@hexbear.net @Erika3sis@hexbear.net @quarrk@hexbear.net @Parsani@hexbear.net @oscardejarjayes@hexbear.net @Beaver@hexbear.net @NoLeftLeftWhereILive@hexbear.net @LaBellaLotta@hexbear.net @professionalduster@hexbear.net @GaveUp@hexbear.net @Dirt_Owl@hexbear.net @Sasuke@hexbear.net @wheresmysurplusvalue@hexbear.net @seeking_perhaps@hexbear.net @boiledfrog@hexbear.net @gaust@hexbear.net @Wertheimer@hexbear.net @666PeaceKeepaGirl@hexbear.net @BountifulEggnog@hexbear.net @PerryBot4000@hexbear.net @PaulSmackage@hexbear.net @420blazeit69@hexbear.net @hexaflexagonbear@hexbear.net @glingorfel@hexbear.net @Palacegalleryratio@hexbear.net @ImOnADiet@lemmygrad.ml @RedWizard@lemmygrad.ml @joaomarrom@hexbear.net @HeavenAndEarth@hexbear.net @impartial_fanboy@hexbear.net @bubbalu@hexbear.net @equinox@hexbear.net @SummerIsTooWarm@hexbear.net @Awoo@hexbear.net @DamarcusArt@lemmygrad.ml @SeventyTwoTrillion@hexbear.net @YearOfTheCommieDesktop@hexbear.net @asnailchosenatrandom@hexbear.net @Stpetergriffonsberg@hexbear.net @Melonius@hexbear.net @Jobasha@hexbear.net @ape@hexbear.net @Maoo@hexbear.net @Professional_Lurker@hexbear.net @featured@hexbear.net @IceWallowCum@hexbear.net @Doubledee@hexbear.net

  • quarrk [he/him]@hexbear.net
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    8 months ago

    I was just looking through this thread and saw this comment. The money stuff is quite interesting to think about. You will like chapter 3 if you’re into money

    While not a historical “origins of money” it is an excellent logical argument as to WHY money arises within a society based on commodity exchange.

    Yeah exactly! I don’t think it is entirely ahistorical but we certainly have today more detailed archaeological knowledge about the historical development of money.

    Radhika Desai and Michael Hudson are two Marxists who have interesting views on money. Hudson in particular is one of the world’s experts on money, having led teams at Harvard to study debt in the ancient Near East. What he found is that debt is a constant through societies, and that what keeps the world stable is periodic debt jubilees; something that modern liberal governments explicitly refuse to do.

    Marx clearly also understood money to not be exclusive to capitalism, saying in Capital ch 3:

    The class-struggles of the ancient world took the form chiefly of a contest between debtors and creditors, which in Rome ended in the ruin of the plebeian debtors. They were displaced by slaves. In the middle ages the contest ended with the ruin of the feudal debtors, who lost their political power together with the economic basis on which it was established. Nevertheless, the money relation of debtor and creditor that existed at these two periods reflected only the deeper-lying antagonism between the general economic conditions of existence of the classes in question.

    Desai, for her part, believes in the basic accuracy of the historiography of money in Capital. But she adds that in reality it was not so neat and tidy. Capitalist money, rather than developing on its own foundation, attached itself to the real conditions in which capitalism found itself in the 15th century or so. So in some ways, the chaos of the monetary system has its roots in trying to force a thing to take on a form required by capitalism (as outlined in Capital) which may be unnatural to it.

    Finally, it is easy for one to forget that there are two kinds of money, and Marx only discusses one kind in volume 1: commodity money. Today, money is primarily credit money i.e. debt, created by private banks independently of the state. Marx anticipated credit money as well in chapter 3, but says it is outside the scope:

    We allude here only to inconvertible paper money issued by the State and having compulsory circulation. It has its immediate origin in the metallic currency. Money based upon credit implies on the other hand conditions, which, from our standpoint of the simple circulation of commodities, are as yet totally unknown to us. But we may affirm this much, that just as true paper money takes its rise in the function of money as the circulating medium, so money based upon credit takes root spontaneously in the function of money as the means of payment.

    • Red Wizard 🪄
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      8 months ago

      It really has me thinking about all kinds of stuff honestly. Back in the day I was a huge Magic The Gathering player, and these early chapters had me thinking about MTGs secondary market and how sets and rotations impacted the value of any given card. Had me thinking about Pucatrade and its closure. The points system, which was supposed to be the money in its trade economy became wildly inflated as time went on. Really interesting reddit thread where people discuss its failings.

      I also love to DM dnd/ttrpgs and these early chapters also had me thinking about the class relations and economic relations of D&D. I think a lot of people fall back on our familiarity with our time and places understanding of economy and try to shoehorn those ideas into a vaguely feudal setting. Not a lot of thought goes into how a given “small village with a tavern” stays afloat, and all transactions with in that space are effectively money transactions. However, it’s way more likely that someone trades their labor for a nights stay and a hot meal then some coin. Or the tavern owner need the labor and is willing to provide room and a meal in exchange.

      Along those lines it begs some questions. What is the economic relations of a civilization of dwarfs whose lifespan can be nearly 400 years+? Would they even value gold in the same way a human civilization does? Would they even have an economy based on commodity exchange? if not what does that look like and how does it shape their social relations? How does that impact their diplomatic relations?

      Its all a lot to chew on, and makes me excited for the rest of the book.