Capital Study Series: Session 2


Read:

  • Capital, Chapter 3 – Money, or the Circulation of Commodities

Watch:

Optional Reading:

Study Questions:

Some of the questions below are borrowed from the Marxists Internet Archive

  1. What circumstances (discussed in this chapter) may cause a general rise in the price of commodities?
  2. What does Marx mean by an object which “may have a price without having value”?
  3. Marx talks about money as “a material expression” and an “incarnation”. Can you think of other instances of ideas and social relations taking on “a material expression”?
  4. What is the material basis for hoarding as described by Marx?
  5. How does this analysis change now that our money is no longer tied to the gold standard?