“ gold and silver . . . are . . . the direct incarnation of all human labour. Hence the magic of money. ”
Karl Marx, Das Kapital (1867). copy citation
| Author | Karl Marx |
|---|---|
| Source | Das Kapital |
| Topic | money work gold |
| Date | 1867 |
| Language | English |
| Reference | |
| Note | Translated by Samuel Moore and Edward Aveling |
| Weblink | https://www.marxists.org/archive/marx/works/download/pdf/Capital-Volume-... |
Context
“The intermediate steps of the process vanish in the result and leave no trace behind. Commodities find their own value already completely represented, without any initiative on their part, in another commodity existing in company with them. These objects, gold and silver, just as they come out of the bowels of the earth, are forthwith the direct incarnation of all human labour. Hence the magic of money. In the form of society now under consideration, the behaviour of men in the social process of production is purely atomic. Hence their relations to each other in production assume a material character independent of their control and conscious individual action.”
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Meaning and analysis
