Part 2, Chapters 15-16 Summary and Analysis

In some ways, Marx considered Das Kapital to be a work of art. It contains sections on economics, morality, the history of industrial development and comments on the times. The work consists of three volumes, and there are many sections that are purely abstract and exercises in logic.

Marxian economics is a study of capitalism. Marx takes a scientific approach and then involves morality, which causes a bit of a discrepancy. Labor is treated as a commodity that is bought and sold. The Labor Theory of Value states that the value of that labor is a subsistence level wage, but the worker creates more value than he receives in wages. The extra amount of value is called surplus value and it goes to the capitalist, who Marx does not feel is entitled to it. Machinery and equipment...