The book is a critique about the fundamental structure of capitalism. One of the main premises of his work states that capitalism is flawed from its roots and that naturally communism will follow. Marx created a new jargon in order to build his theory; he refered to certain objects as commodities. "A commodity is an external object that satisfies a human need either directly or indirectly" (spark notes). according to Marx commodites have three important traits: their use-value. which refers the usefulness of the object. exchange-value which refers to the value of the object relative to some other object. and finally the real value or just value which accounts for the amount of work that it took to produce that particular unit. He used this new terminology in order to describe a simplified model of Capitalism which he named as
The book is a critique about the fundamental structure of capitalism. One of the main premises of his work states that capitalism is flawed from its roots and that naturally communism will follow. Marx created a new jargon in order to build his theory; he refered to certain objects as commodities. "A commodity is an external object that satisfies a human need either directly or indirectly" (spark notes). according to Marx commodites have three important traits: their use-value. which refers the usefulness of the object. exchange-value which refers to the value of the object relative to some other object. and finally the real value or just value which accounts for the amount of work that it took to produce that particular unit. He used this new terminology in order to describe a simplified model of Capitalism which he named as