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Originally published in 1964, this book tells the history of the British cinematograph industry for the first time, from years in which British films won the highest international awards to those when they were dismissed with scorn. The focus is on the directors and those who strove to gain a worthy place for British films in the world market.

Volume One analyses the intellectual sources and evolution of Marx's critique of political economy leading up the writing of the main Capital manuscripts (1844-1860).

Volume Two covers the years 1861-1863, when Marx consolidated and refined the arguments of his critique of political economy in his relatively neglected manuscripts Theories of Surplus Value