We are reading Volumes 1, 2, and 3 in one year. This will repeat yearly until communism is achieved. (Volume IV, often published under the title Theories of Surplus Value, will not be included, but comrades are welcome to set up other bookclubs.) This works out to about 6½ pages a day for a year, 46 pages a week.
I'll post the readings at the start of each week and @mention anybody interested.
Week 1, Jan 1-7, we are reading Volume 1, Chapter 1 'The Commodity'
Discuss the week's reading in the comments.
Use any translation/edition you like. Marxists.org has the Moore and Aveling translation in various file formats including epub and PDF: https://www.marxists.org/archive/marx/works/1867-c1/
Ben Fowkes translation, PDF: http://libgen.is/book/index.php?md5=9C4A100BD61BB2DB9BE26773E4DBC5D
AernaLingus says: I noticed that the linked copy of the Fowkes translation doesn't have bookmarks, so I took the liberty of adding them myself. You can either download my version with the bookmarks added, or if you're a bit paranoid (can't blame ya) and don't mind some light command line work you can use the same simple script that I did with my formatted plaintext bookmarks to take the PDF from libgen and add the bookmarks yourself.
Resources
(These are not expected reading, these are here to help you if you so choose)
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Harvey's guide to reading it: https://www.davidharvey.org/media/Intro_A_Companion_to_Marxs_Capital.pdf
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A University of Warwick guide to reading it: https://warwick.ac.uk/fac/arts/english/currentstudents/postgraduate/masters/modules/worldlitworldsystems/hotr.marxs_capital.untilp72.pdf
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Reading Capital with Comrades: A Liberation School podcast series - https://www.liberationschool.org/reading-capital-with-comrades-podcast/
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I had a few thoughts/questions that might get addressed later. Chpt 1 is a lot of simple examples but I can't help but think on them more:
Maybe oversimplified here, but what about particularly difficult, dangerous, or unpleasant jobs? An hour in the mines is surely worth more than an hour driving trains. I can think of a lot of ways to properly value different jobs without resorting to trying to value the product, but it's odd it's not mentioned here when the next quote is.
In my mind, experience/training/knowledge is a form of capital. Time spent training or learning should be considered a part of the labor, so someone inexperienced who is making coats should be compensated the same as an expert making coats, assuming they are laboring the same, no? Again, I can think of ways of rewarding craftsmanship and experience without basing it on the product, but saying a coat made by one person is more valuable using non-commoditized attributes seems prone to rent seeking.
How is this difference resolved in a global society with commodities? A poor mine yielding less than a rich mine - is the price paid the average labor cost so the rich mine miners are underpaid and poor mine miners overpaid? Are they paid their labor value and subject to the needs of the local factories, the poor mine is shut down?
It's my opinion that the mine should only operate if the ore is absolutely necessary or the transportation costs from the rich mine are prohibitive, in which case the rich mine would be paid less per ore while the poor mine is paid more per ore. This would keep the value of labor consistent between the two environs but I'm not sure this is what marx is saying or maybe it's just glossed over at this chapter?
I see authors and journalists so often get close to the contradictions in something only to never reach the conclusion and state it. I assume it's intentional but sometimes I wonder if everyone's just fucking clueless. It's funny to see even Aristotle didn't get it, or died a grifter.
People who do no work are unable to value the work, so they use shortcuts, trend lines, technical analysis to incant the price points. "An ounce of silver is always worth x ounces of gold so if gold goes up silver must too. " -someone who has never seen the inside of a mine
Reward is an immaterial moral judgement about what things "ought" to cost.
In future chapters, the value of labor-power will be discussed. I don't want to spoil that but it is quite important. Necessary training does impact the value of labor-power.
Thanks for the clarification!