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Capital, Volume I
''Capital, Volume I'' (1867), by Karl Marx, is a critical analysis of capitalism as political economy, meant to reveal the economic laws of the capitalist mode of production, how it was the precursor of the socialist mode of production, and of the class struggle rooted in the capitalist social relations of production. The first of three volumes of ''Capital: Critique of Political Economy'' was published on 14 September 1867, and was the sole volume published in Marx's lifetime. This volume is registered in the Memory of the World Programme of UNESCO together with manuscripts of ''The Communist Manifesto'' in June 2013.
==Part One: Commodities and Money==
Chapters 1, 2, and 3 are a theoretical discussion of the commodity, value, exchange, and the genesis of money. As Marx writes, "Beginnings are always difficult in all sciences ... the section that contains the analysis of commodities, will therefore present the greatest difficulty." The modern reader is often perplexed about Marx going on about "one coat is equal to twenty yards of linen". Professor John Kenneth Galbraith reminds us that "the purchase of a coat by an average citizen was an action comparable in modern times to the purchase of an automobile or even a house."
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