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An Analysis of Karl Marx


Variations of pricing often stem from fetishism of the commodity, which is Marx's next major point in this book. To have a purely capitalist economy with no fetishizing of commodities would mean that the price of the commodity is only effected by the labor that was involved in creating it. However, Marx notes that humans are fallible, and will often place way too much worth or attention, or fetishize, certain commodities for rather arbitrary reasons. Marx notes that the main thing that gets fetishized in a capitalist economy is money, and that when people place too much importance on this, there becomes an imbalance in both the economy and the society as a whole (Marx, 1965). When this imbalance occurs, often it is the labor class that gets exploited, while the wealthier class, which leads to sociological divides that are hard to alleviate. This exploitation of classes of people has been something that sociologists have been examining since its inception, and through this work, Marx is laying the foundation to understanding the potential sociological ramifications of capitalism (Marx, 1965). .
             Published in 1885, Marx's second of three volumes, Capital, Volume II continues on where its predecessor left off; Marx focuses less on the production side of commodities and capitalism, and looks towards what happens when commodities are actually circulating within the economy. The least popular of the three volumes, Volume II delves much more into the dark underside of capitalism and how classes are further divided. Volume II is divided into three sections: The Metamorphoses of Capital and Their Circuits, The Turnover of Capital, and the Reproduction and circulation of the Aggregate of Social Capital. Focusing less on the processes of capitalism and more on their evolution over time, Marx is effectively creating many counterpoints to the initial volume (Marx, 1965). As Marx outlined in Volume I the fact that most commodities are priced based on labor, he writes about what happens when that formulation breaks down: .


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