Karl Marx, Das Kapital (1894), Volume III, Chapter XXVII, The Role of Credit, p. 441
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It is the historical mission of the capitalist system of production to raise these material foundations of the new mode of production to a certain degree of perfection. At the same time credit accelerates the violent eruptions of this contradiction - crises - and thereby the elements of the old mode of production.
— Karl Marx on Mode of production
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "It is the historical mission of the capitalist system of production to raise these material foundations of the new mode of production to a certain degree of perfection. At the same time credit accelerates the violent eruptions of this contradiction - crises - and thereby the elements of the old mode of production." in the context of "Karl Marx, Das Kapital (1894), Volume III, Chapter XXVII, The Role of Credit, p. 441" to mean that wisdom is timeless.
Source: Wikiquote: "Mode of production" (Quotes)
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About Karl Marx
Karl Heinrich Marx (5 May 1818 – 14 March 1883) was a German political philosopher, economist, historian, sociologist, journalist and revolutionary socialist. Marx's work in economics laid the basis for labor theory of value, and has influenced much of subsequent economic thought. He published many works during his lifetime, including The Communist Manifesto (1848) and the first volume of Das Kapital (1867), the two later volumes being completed by his collaborator Friedrich Engels.
About Karl Marx
Karl Heinrich Marx (5 May 1818 – 14 March 1883) was a German political philosopher, economist, historian, sociologist, journalist and revolutionary socialist. Marx's work in economics laid the basis for labor theory of value, and has influenced much of subsequent economic thought. He published many works during his lifetime, including The Communist Manifesto (1848) and the first volume of Das Kapital (1867), the two later volumes being completed by his collaborator Friedrich Engels.
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