Month: December 2017

In September 1867, 150 years ago, a book appeared in Hamburg with a first edition print run of 1,000 copies. This book was called Das Kapital, by Karl Marx. In the book, Marx sets out to analyse the capitalist reality in the form of a ‘critique of political economy’. He begins with an analysis of the commodity, describing its use and exchange value, and laying out, both economically and historically, how capital is produced, extracted and accumulated.