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Class 02 - Vol 2, Chapters 1-3

Reading Marx's Capital Volume 2 (audio)

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The Circulation of Capital and Labor Power

This chapter explores the intricate connection between money capital, labor power, and commodity circulation within the capital circuit. It distinguishes between MCM and CMC circuits, emphasizing the shift from money as capital to money for wage goods. The discussion delves into the transformation of labor power and means of production into forms of capital, shaping the dynamics of surplus value production.

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