„We have just seen that, apart from money-capital, circulating capital is only another name for commodity-capital. But to the extent that labour power circulates in the market, it is not capital, no form of commodity-capital. It is not capital at all; the labourer is not a capitalist, although he brings a commodity to market, namely his own skin.“

—  Karl Marx, livre Le Capital

Vol. II, Ch. X, p. 211.
Das Kapital (Buch II) (1893)

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Karl Marx photo
Karl Marx69
philosophe, sociologue et économiste allemand 1818 - 1883

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„The circulation of capital realizes value, while living labour creates value.“

—  Karl Marx German philosopher, economist, sociologist, journalist and revolutionary socialist 1818 - 1883

(1857/58)
Source: Notebook V, The Chapter on Capital, p. 463.

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„No fixed capital can yield any revenue but by means of a circulating capital.“

—  Adam Smith Scottish moral philosopher and political economist 1723 - 1790

Source: (1776), Book II, Chapter I, p. 311.

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„In reality, the labourer belongs to capital before he has sold himself to capital.“

—  Karl Marx German philosopher, economist, sociologist, journalist and revolutionary socialist 1818 - 1883

Vol. I, Ch. 23, pg. 633.
(Buch I) (1867)

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„As a beast of toil an ox is fixed capital. If he is eaten, he no longer functions as an instrument of labour, nor as fixed capital either.“

—  Karl Marx German philosopher, economist, sociologist, journalist and revolutionary socialist 1818 - 1883

Vol. II, Ch. VIII, p. 163.
(Buch II) (1893)

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„Capital' is not what capital is called, it is what its name is called.“

—  Joan Robinson English economist 1903 - 1983

Source: Contributions to Modern Economics (1978), Chapter 8, Production Function and Theory of Capital, p. 79

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„Money could not be converted into capital if wage labour did not exist.“

—  David Harvey British anthropologist 1935

Source: The Limits To Capital (2006 VERSO Edition), Chapter 9, Money, Credit And Finance, p. 253

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„The circulation of commodities is the original precondition of the circulation of money.“

—  Karl Marx German philosopher, economist, sociologist, journalist and revolutionary socialist 1818 - 1883

Grundrisse (1857-1858)
Source: Notebook I, The Chapter on Money, p. 107.

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