"While the miser is merely a capitalist gone mad, the capitalist is a rational miser"
About this Quote
The subtext is about motive and masking. The miser hoards and everyone can see the compulsion; the capitalist accumulates and can claim it’s objective necessity - competition, fiduciary duty, market logic. That’s why “rational” lands like a weapon. Marx is arguing that what looks like prudence is a social compulsion: if you don’t reinvest, expand, and extract surplus, you get outcompeted. The individual may be perfectly courteous; the role is the pathology.
Context matters. Marx is writing in the furnace of 19th-century industrial capitalism, when factories translated time into wages and wages into profit at a scale that made older moral categories feel quaint. He’s not offering a psychological portrait; he’s staging a satirical equivalence to expose how bourgeois respectability reframes greed as discipline. The line is designed to needle: it makes the reader ask whether “madness” is just what accumulation looks like when it stops pretending to be progress.
Quote Details
| Topic | Wealth |
|---|---|
| Source | Verified source: Capital: A Critique of Political Economy, Volume I (Karl Marx, 1867)
Evidence:
This boundless greed after riches, this passionate chase after exchange-value, is common to the capitalist and the miser; but while the miser is merely a capitalist gone mad, the capitalist is a rational miser. (Chapter 4 ("The General Formula for Capital")). This line appears in Marx’s own work, in Capital (Das Kapital), Volume I, in the section explaining the capitalist as the conscious agent of the M–C–M′ circuit. The Marxists Internet Archive page reproduces the standard English translation (commonly credited to Samuel Moore & Edward Aveling, edited by Friedrich Engels) for Chapter 4, where the sentence occurs verbatim. Note that the quote is often circulated in shortened form (“While the miser…”) but the primary-source wording begins “This boundless greed…”. For “first published,” the earliest appearance is in the first German edition of Volume I, published in 1867. |
| Cite |
Citation Formats
APA Style (7th ed.)
Marx, Karl. (2026, February 8). While the miser is merely a capitalist gone mad, the capitalist is a rational miser. FixQuotes. https://fixquotes.com/quotes/while-the-miser-is-merely-a-capitalist-gone-mad-137555/
Chicago Style
Marx, Karl. "While the miser is merely a capitalist gone mad, the capitalist is a rational miser." FixQuotes. February 8, 2026. https://fixquotes.com/quotes/while-the-miser-is-merely-a-capitalist-gone-mad-137555/.
MLA Style (9th ed.)
"While the miser is merely a capitalist gone mad, the capitalist is a rational miser." FixQuotes, 8 Feb. 2026, https://fixquotes.com/quotes/while-the-miser-is-merely-a-capitalist-gone-mad-137555/. Accessed 12 Feb. 2026.




