Seeming as /leftypol/ is useless for the this kind of thread, this will be the designated Capital reading thread. The gist is that people new to Marx, like me, will be able to ask here questions specifically regarding the volumes of Capital.
Starting on page 63 (in the PDF arranged by marxists.org), I run into this long and confusing paragraph:
>In a given country there take place every day at the same time, but in different localities, numerous one-sided metamorphoses of commodities, or, in other words, numerous sales and numerous purchases. The commodities are equated beforehand in imagination, by their prices, to definite quantities of money.
So far so good.
>And since, in the form of circulation now under consideration, money and commodities always come bodily face to face, one at the positive pole of purchase, the other at the negative pole of sale,
>it is clear that the amount of the means of circulation required, is determined beforehand by the sum of the prices of all these commodities. As a matter of fact, the money in reality represents the quantity or sum of gold ideally expressed beforehand by the sum of the prices of the commodities. The equality of these two sums is therefore self-evident.
What exactly did he mean by "determined beforehand" and "ideally"? As some platonic sum of prices that should be if it's converted to money or the literal equality of value of the the amount of prices to the circulating currency? Judging by the paragraph on the next page I'm inclined to think of the former.
>We know, however, that, the values of commodities remaining constant, their prices vary with the value of gold (the material of money), rising in proportion as it falls, and falling in proportion as it rises. Now if, in consequence of such a rise or fall in the value of gold, the sum of the prices of commodities fall or rise, the quantity of money in currency must fall or rise to the same extent.
>The change in the quantity of the circulating medium is, in this case, it is true, caused by the money itself, yet not in virtue of its function as a medium of circulation, but of its function as a measurPost too long. Click here to view the full text.