Capital a Critique of Political Economy Vol 2 by Karl Marx
Marx's most important work, however, may be "Das Kapital" , an analysis of the economics of capitalism. He died on March 14, in London, England. Friedrich Engels is perhaps best remembered as the confidant, colleague, and benefactor of Karl Marx. Born into a Calvinist family that owned fabric mills in the Rhineland and had business interests in Manchester, England, Engels joined the family business at age 16; he never had a formal university education.
Despite his family's industrial background, Engels was sympathetic to the poverty of the working masses. At age 18 he published an attack on industrial poverty, and later joined the Hegelian movement that so influenced Marx and bothered conservative Prussian authorities.
Engels first met Marx in , while Marx was editor of a radical newspaper in Cologne. However, they did not establish their lifelong friendship until they met again in Paris two years later. Engels published several works related to economics, the first of which, Outlines of a Critique of Political Economy , attempted to reconcile Hegelian philosophy with the principles of political economy.
His second book, The Condition of the Working Class in England , was a damning description and condemnation of the poverty generated by the Industrial Revolution.
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Contact Contact Us Help. Marx wrote in a letter sent to Engels on 30 April "In Book 1 [ This intertwining, conceived as a movement of commodities and of money, enabled Marx to work out at least the essential elements, if not the definitive form of a coherent theory of the trade cycle, based upon the inevitability of periodic disequilibrium between supply and demand under the capitalist mode of production Ernest Mandel , Intro to Volume II of Capital , Part 3 is the point of departure for the topic of capital accumulation which was given its Marxist treatment later in detail by Rosa Luxemburg , among others.
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International Publishers Co, Inc. Marx, Karl ; Engels, Friedrich , ed.
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