Description

Karl Marx’s magnum opus, *Das Kapital*, is one of the most significant works in the history of the social sciences and political thought, and is central to our understanding of modern capitalist society. The first volume of "Capital", "The Process of Production of Capital", is the best known and most widely read part. However, the first volume is based on and presupposes the theorems formulated in the second and third volumes, particularly regarding the recurring crises of capitalism.

The second volume, ‘The Circulation of Capital’, takes as its starting point, as the title suggests, the circulation of capital in its various forms rather than production. Here, Marx shifts his gaze from the factory floor to capitalism as a macroeconomic system and its conditions of equilibrium, offering a different perspective on how capital functions than in the first volume.

This third edition of the second volume features a clarifying introduction by the British cultural geographer and social theorist David Harvey, who has written several acclaimed works on the development of capitalism and study guides for both the first and second volumes of Capital.