Karl Marx and The Capital

Karl Marx (1818 - 1883)

Karl Marx (1818 – 1883)

On May 5, 1818, German philosopher and revolutionary socialist Karl Marx was born in Trier, Germany. He is best known for his publicationsThe Communist Manifesto‘ and ‘Das Kapital‘, as well as his ideas have played a significant role in the establishment of the social sciences and the development of the socialist movement.

“Every beginning is difficult, holds in all sciences.”
Karl Marx, The Capital, Author’s prefaces to the First Edition.

A Doctorate in Absentia

Karl Marx was born in Trier, Germany, the third of nine children of Heinrich (Heschel) Marx, a lawyer, and his wife Henriette, nèe Pressburg. After finishing high school in Trier in 1835, he went to Bonn to study law and fiscal accounting. One year later he moved to the Friedrich-Wilhelms-Universität (today: Humboldt-Universität) in Berlin and attended law lectures. On April 15, 1841 Marx received his doctorate in absentia at the University of Jena with a thesis on the difference between Democritical and Epicurean natural philosophy. Counting for a professorship, Marx then moved to Bonn; but the politics of the Prussian government denied him – like Ludwig Feuerbach, Bruno Bauer and others – the academic career, as Marx was regarded as a leading head of the opposition left-wing Hegelians.

Writing for the Rheinische Zeitung für Politik, Handel und Gewerbe

Around this time, liberal citizens founded the Rheinische Zeitung für Politik, Handel und Gewerbe in Cologne as a joint organ of various opposition movements ranging from monarchist liberals to radical democrats. Marx became a principal contributor to the paper, which first appeared on January 1, 1842. On 15 October 1842, Marx took over the editorial office of the newspaper, which from then on took an even more radical opposition position. Through his journalism, Marx became increasingly involved with political activities and began considering communist theory. In 1843, Marx moved to Paris, where together with Arnold Ruge, he began publishing the journal Deutsch-Französische Jahrbücher. Because of his work, he began contact by letter with Friedrich Engels, who had contributed two articles

Hegel’s Influence

Throughout his active working years, Marx was highly influenced by the theories of Georg Wilhelm Friedrich Hegel even though he often distanced himself from radical groups of ‘Hegelians‘.[6] In early works, such das ‘On The Jewish Question’, Marx defined the cause of human freedom in the community rather than isolation. He also made his points about religion in general, considering them as a “response to alienation in material life”. The economic-philosophical manuscripts from 1844 are Marx’ first draft of an economic system, which at the same time makes the philosophical direction clear. There Marx developed his theory of “alienated work” based on Hegel in detail for the first time.


In the first five fragments of German ideology dedicated to the criticism of the young Hegelian critic of religion, Ludwig Feuerbach, Marx and Engels developed a model of the “practical development process” of human history, which, in contrast to the Hegelians, they understand not primarily as a developmental process of the mind, but as a history of human practice and social relations: “it starts from the really active people and from their real life process the development of the ideological reflexes and echoes of this life process is also depicted“. Particular attention is paid to the moment of the division of labour as a determining factor of historical development. Marx had also participated in the editing of the German weekly Vorwärts!, published in Paris, which attacked the absolutism of the German states – especially Prussia – soon under Marx’ influence with a clearly socialist orientation.

The Communist Manifesto

In early 1846, Marx and Engels founded the Communist Correspondence Committee in Brussels with the aim of unifying the content and organizing the revolutionary communists and workers of Germany and other countries to prepare the ground for the formation of a proletarian party. In the same year Marx succeeded in founding the Communist League and was commissioned to write its manifesto. It was published in the revolutionary year 1848 and went down in history as the Communist Manifesto (actually: Manifesto of the Communist Party). Shortly thereafter, the French February Revolution in 1848 caused political upheaval throughout Europe; when it reached Brussels, Marx was arrested and expelled from Belgium.

The Capital

“We suffer not only from the development of capitalist production, but also from the incompleteness of that development. Alongside the modern evils, we are oppressed by a whole series of inherited evils, arising from the passive survival of archaic and outmoded modes of production, with their accompanying train of anachronistic social and political relations. We suffer not only from the living, but from the dead. Le mort saisit le vif!”
– LKarl Marx, The Capital, Preface to the First Edition, Capital Volume 1, Peinguin Classics edition 1976.

Marx then went into exile with his family to London, where he initially lived in poor conditions of journalistic activity; he received financial support above all from Engels, who followed Marx to England. Politically he devoted himself to international agitation for communism, theoretically he developed essential elements of an analysis and critique of capitalism with a scientific claim. As a result, Marx’s major economic works were created. The first systematic presentation of Marx’ basic economic ideas was published in 1859 Zur Kritik der politischen Ökonomie, which was originally intended to be continued as the first issue. But Marx was not yet satisfied with the detailed execution of the overall plan, and so he began his work anew. It was not until 1867 that the first of the three volumes of his main work Das Kapital (The Capital) appeared. Marx himself published the first volume on commodity production. After his death, Friedrich Engels published volume 2 on the process of circulation of capital, and volume 3 on the process of capitalist production as a whole using the collected manuscripts of Karl Marx.

"Karl Marx's "Das Kapital" in an 1867 edition from the Saitzew Collection at the Zentralbibliothek Zürich

“Karl Marx’s “Das Kapital” in an 1867 edition from the Saitzew Collection at the Zentralbibliothek Zürich

The Exploitation of the Worker

In commodity production, Marx defines the exchange and the division of labour, meaning that different people are responsible for different tasks in the process as conditions for the existence of markets. He then on-goes a very critical analysis of the existing political economy and the system of markets in general. Marx discusses in the first volume how capitalist production processes amplify the struggle of the classes and he emphasizes various contradictions of the capitalist production methods. As one of the first political economists, Marx shows how profit is created through capitalism. In his mind, it is made from the exploitation of the worker, which became later known as the surplus value theory of profit. Marx was convinced that there can be no actual harmony between the capitalist and the worker, which causes struggles for better wages, and working conditions. Also he emphasized that there cannot be a long time balance in the market as a whole.

The First International

In 1864, Marx became involved in the International Workingmen’s Association (also known as the First International), to whose General Council he was elected at its inception in 1864. In that organisation, Marx was involved in the struggle against the anarchist wing centred on Mikhail Bakunin. Although Marx won this contest, the transfer of the seat of the General Council from London to New York in 1872, which Marx supported, led to the decline of the International.During the last decade of his life, Marx’s health declined and he became incapable of the sustained effort that had characterised his previous work

Along with the Capital, Marx’ works are considered as necessary and groundbreaking, making him a significant contributor to economic thought in general, as well as philosophy, literature, and he is credited as one of the founders of modern social sciences.

Ivan Szelenyi, 13. Marx’s Theory of Class and Exploitation, [8]

References and Further Reading:

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