Key: (page numbers for Penguin Classics edition of Capital), [page numbers for David Harvey’s Companion to Capital] Chapter 5: Contradictions in the General Formula (258) What distinguishes the form of circulation relevant to capital production (M-C-M)? An inverted order of succession of the two antithetical processes: sale and purchase This inversion has no existence for 2 of the 3 people involved [92] To answer the question, “Does capital lay its own golden eggs?,” Marx starts with examining the contradictions within M-C-M + ΔM Fundamental question: where does the increment, surplus value, come from? [93] Classical liberal economics holds that M-C must be equivalent to…

  Key: (page numbers for Penguin Classics edition of Capital), [page numbers for David Harvey’s Companion to Capital]   Chapter 4: The General Formula for Capital   (247) Capital starts with circulation of commodities Production of commodities and their circulation in developed form: trade World trade begins in 16th century Money (ultimate product of commodity circulation) is the first form of appearance of capital Capital first confronts landed property in the form of money In form of monetary wealth, merchants’ capital and usurers’ capital All new capital steps onto the stage (i.e. onto the market) in the shape of money, money that has to be shaped into capital by definite processes First distinction…