Marx, Karl Capital

Marx, Karl. Capital. Vol. i Edited by Frederick Engels. Translated from the third German edition by Samuel Moore and Edward Aveling. 1867. Reprint, New York International Publishers, 1967. 

Marx, Karl. 1976. Capital. Volume One. New York Random House. 

The starting point for Luxemburg s investigation is the reproduction of the total social capital. Karl Marx made a contribution of lasting service to the theory of economics when he drew attention to the problem of the reproduction of the entire social capital (Luxemburg 1951 31). The historically specific cornerstone of capitalist reproduction is that it requires the formation of profits ... 

Hein, E. (2002) Money, interest, and capital accumulation in Karl Marx s economics a monetary interpretation , WSI Discussion Paper No. 102, Duesseldorf WSI. 

In 1878 Karl Marx developed the reproduction schema his model of how total capital is produced and reproduced. This is thought to be the first two-sector economic model ever constructed. Two key aspects of Marx s writings are widely agreed to be undeveloped the role of aggregate demand and the role of money. This book has as its aim the synthesis of various strands of economic thought in an attempt to understand and clarify the structure of the reproduction schema. This synthesis will challenge prevailing orthodoxies. 

Karl Marx, Preface to the First German Edition, Capital, vol. 1 (New York, 1906), p. 12. 

Results of the Immediate Process of Production. Appendix to Karl Marx, Capital. Volume One, translated by Ben Fowkes, New York Vintage Books 1977. 

A more perplexing case is that of Karl Marx. Marx, of course, had little impact on the thought, much less the policy, of his own time, but in retrospect his judgments are crucial. Marx was a close student of Smith long passages in the three, volumes of Capital and, particularly, his monumental Theories of Surplus Value attest to his conviction that Smith is such a commanding figure that each proposition in The Wealth of Nations must be held up to close critical scrutiny. It is also well known... 

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