THE MODERN LIBRARY
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CAPITAL
A CRITIQUE OF POLITICAL ECONOMY
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CAPITAL
A CRITIQUE OF POLITICAL ECONOMY
BY
KARL MARX
THE PROCESS OF CAPITALIST PRODUCTION
TRANSLATED FROM THE THIRD GERMAN EDITION BY
SAMUEL MOORE AND EDWARD AVELING
EDITED BY
FREDERICK ENGELS
REVISED AND AMPLIFIED ACCORDING TO THE
FOURTH GERMAN EDITION
BY ERNEST UNTERMANN
BENNETT A. CERF • DONALD S. KLOPFER
THE MODERN LIBRARY
NEW YORK
COPYRIGHT, 1906, BY CHARLES H. KERR & COMPANY
Manufactured in the United States of America
Bound for THE MODERN LIBRARY by H. W olfi
01.
1Y\3L
CONTENTS.
PAGE
Editor's Note to the First American Edition,. •..?
Author's Prefaces — I. To the First Edition, ll
II. To the Second Edition 16
Editor's Preface — To the First English Translation.27
Editor's Preface — To the Fourth German Edition »..... 32
PART I.
COMMODITIES and money.
Chapter I. — Commodities, 41
Section 1. — The two Factors of a Commodity; Use Value and Value (the
Substance of Value and the Magnitude of Value), 41
Section 2. — The Twofold Character of the Labour em…