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Transcript

Karl Marx's Capital:

The Secret of Primitive Accumulation

by Charissa Schwartz

ECO 4550

September 14th, 2020

Karl Marx's Important Terms

Terms

"Primitive Accumulation"

"Capitalist Accumulation"

"Labourer"

"Industrial Capitalists"

Primitive

Accumulation

wealth accumulation by force: conquests, robberies, murder & enslavement, lords with serf servants, etc.

Systems

Capitalist Accumulation

wealth accumulation by orchestration: capitalists organizing the labourers, capitalists providing

capital

the Labourer

"the great majority that, despite all its labour, has up to now nothing to sell but itself..."

Participants

&

the Industrial Capitalist

"the wealth of the few that increases constantly although they have long ceased to work."

(Marx, p. "1/4")

Money

"Vicious Circle" of capitalistic production

+

"capitalist production... not only maintains this separation, but reproduces it on a continually extending scale"

Vicious Circle

Value

Surplus

(Marx, p. "2/4")

MoP

Resources

Resources

  • https://www.coursehero.com/lit/Capital-Das-Kapital/vol-1-part-8-chapters-26-33-summary/
  • Marx, Karl. Capital Volume One: The Secret of Primitive Accumulation. https://www.marxists.org/archive/marx/works/1867-c1/ch26.htm
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