Here is the synopsis of our sample research paper on Marx's Capital (Chapter Summaries). Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 6 page paper summarizes Karl Marx's Capital Volume One, Chapters 4 through 9. In these chapters, the author discusses issues related to the transformation of money into capital, production and labor. No additional sources cited.
Page Count:
6 pages (~225 words per page)
File: RT13_SA012Cap.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
a portion of Part III. Part II is subtitled "THE TRANSFORMATION OF MONEY INTO CAPITAL " and Part III is dubbed "The Production of Absolute Surplus-Value." II.
Chapter 4: The General Formula for Capital In this chapter Marx discusses basic economic principles and draws on history to explain that capital first became important in the sixteenth
century. He explains that the first appearance of capital is in the form of money. He talks about the phenomenon where money is changed into commodities and commodities are changed
back into money. Marx presents two possible scenarios as they relate to the transfer of money, and using the letter M to represent money and C for commodity, he
provides the example. One is M-C-M and the other is C-M-C. The author explores the two paradigms and explains that while they look similar, as they involve both money and
commodities, they are quite different. For the C-M-C model, the money is converted into a commodity in the end and so the money is spent, but in the inverted form,
or M-C-M, the buyer lays out money so that he may later recover the funds as a seller. Marx explains that by purchasing the commodity, a buyer is putting
money back into circulation so that he can later withdraw it through the sale of the same commodity. Essentially, the buyer lets the money go; however, that is with the
absolute intent of getting it back again. Thus, the money is not construed as spent, but rather, as advanced. Finally, at the end of Chapter 4, after a discussion on
this subject, Marx says that the M-C-M model seems to be a form peculiar to merchants capital alone. Throughout the chapter the models of M-C-M and C-M-C are discussed
...