is begotten, so soon does their difference vanish, and they again become one, £110.
Value therefore now becomes value in process, money in process, and, as such, capital. It comes out of circulation, enters into it again, preserves and multiplies itself within its circuit, comes back out of it with expanded bulk, and begins the same round ever afresh.[1] M—M', money which begets money, such is the description of Capital from the mouths of its first interpreters, the Mercantilists. Buying in order to sell, or, more accurately, buying in order to sell dearer, M—C—M', appears certainly to be a form peculiar to one kind of capital alone, namely, merchants' capital. But industrial capital too is money, that is changed into commodities, and by the sale of these commodities, is reconverted into more money. The events that take place outside the sphere of circulation, in the interval between the buying and selling, do not affect the form of this movement. Lastly, in the case of interest-bearing capital, the circulation M—C—M' appears abridged. We have its result without the intermediate stage, in the form M—M', "en style lapidaire" so to say, money that is worth more money, value that is greater than itself.
M—C—M' is therefore in reality the general formula of capital as it appears prima facie within the sphere of circulation.
CHAPTER V.
contradictions in the general formula of capital.
The form which circulation takes when money becomes capital, is opposed to all the laws we have hitherto investigated bearing on the nature of commodities, value and money, and even of circulation itself. What distinguishes this form from that of the simple circulation of commodities, is the inverted
