Capital, the Communist Manifesto and Other Writings

By Karl Marx; Max Eastman | Go to book overview
Save to active project

Apart from the time of production, capital must pass through the time of circulation. During this time it produces neither commodities nor surplus-value. The longer the time of circulation lasts, therefore, the smaller, proportionately, is the surplus-value produced. Inversely, the more the capitalist succeeds in reducing the time of circulation, the greater will be the surplus-value. This phenomenon would appear to confirm the false idea that surplus-value is derived from circulation.


CHAPTER XVIII
COMMERCIAL ACTIVITY

(Extracted from vol. II, ch. 6, German ed.)


(A) Purchase and Sale

As we have assumed that commodities are bought and sold at their value, it is only question in these transactions of converting the same value from a commodity form into a money form, and vice versa. If commodities should not be sold at their value, the sum total of the values thus converted remains none the less unchanged; for what is plus on the one side of the balance-sheet is minus on the other side.

The process of conversion requires time and labour power, not, indeed, in order to create value, but in order to render possible the conversion of the value from one form into another. It must be observed, in this connexion, that the reciprocal attempt to obtain on this occasion a surplus quantity of value, does not alter matters. This labour, augmented by the reciprocal evil intentions, creates no more value than the labour which takes place in the course of legal proceedings augments the value of the object of litigation. If therefore, the owners of commodities are not capitalists, but independent and direct producers, the time spent on purchase and sale must be deduced from their labour time; for this reason they have always--in ancient times as in the middles ages--sought to relegate such operations to festival days.

The dimensions assumed by the turnover of commodities in the hands of the capitalists cannot, of course, transform

-233-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Capital, the Communist Manifesto and Other Writings
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen
/ 430

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.