Marx's Capital

Andy Blunden is an independent scholar. His fields of research include social philosophy, psychology, Activity Theory, Marxism, Hegel and Cultural Historical Activity Theory. Andy is administrator of the Marx-Engels and Hegel Archives on marxists.org. He began publishing in 2003, and was for some time an Editor of Mind, Culture and Activity. He has published seven books and numerous journal articles.

• ContentsPreface xi1 Marx’s Sources 11 Hegel’s Theory of Science 11.1 The Idea of the True 41.2 Hegel’s Social Theory 101.3 Right 101.4 Morality 111.5 The State and Ethical Life 112 Marx’s Use of History 122.1 Categorical Genealogy 163 Marx’s Critique of Ricardo 183.1 The Three Sources and Component Parts of Capital 222 Capital 231 Marx’s Capital Volume One: the Process of Production of Capital 231.1 Part I. Commodities and Money 231.1.1 Chapter 1 §1, the Two Factors of a Commodity:Use-Value and Value 231.1.2 Summary of Capital, Volume One, Chapter 1 281.1.3 Chapter 2. Exchange 291.1.4 Chapter 3. Money 301.1.5 Summary of Part I 301.2 Part II. The Transformation of Money into Capital 311.2.1 Chapter 4. The General Formula for Capital 311.2.2 Chapter 5. Contradictions in the General Formulaof Capital 331.2.3 Chapter 6. The Buying and Selling of Labour-Power 341.2.4 Summary of Part II 371.3 Part III. The Production of Absolute Surplus-Value 381.3.1 Chapter 7. The Labour-Process & Process of ProducingSurplus-Value 381.3.2 §2. The Production of Surplus Value 391.3.3 Conclusion from Chapter 7 401.3.4 Chapter 8. Constant Capital and Variable Capital 411.3.5 Chapter 9. The Rate of Surplus-Value 421.3.6 Chapter 10. The Working Day 431.3.7 Chapter 11. The Rate and Mass of Surplus-Value 431.3.8 Summary of Part III 451.4 Part IV. The Production of Relative Surplus-Value 471.4.1 Chapter 12. The Concept of Relative Surplus-Value 471.4.2 Chapter 13. Co-operation 491.4.3 Chapter 14. Division of Labour and Manufacture 501.4.4 Chapter 15. Machinery and Modern Industry 501.5 Part V. The Production of Absolute and of RelativeSurplus-Value 501.5.1 Chapter 16. Absolute and Relative Surplus Value 501.6 Part VI. Wages 521.6.1 The Remaining Parts of Volume One of Capital 521.7 Capital Volume One, Conclusion 542 Marx’s Capital Volume Two: the Process of Circulation of Capital 592.1 Part I. The Metamorphoses of Capital and Their Circuits 602.1.1 Chapter 1. The Circuit of Money Capital 602.1.2 Chapter 2. The Circuit of Productive Capital 622.1.3 Chapter 3. The Circuit of Commodity-Capital 632.1.4 Summary of Part I 642.2 Part II. The Turnover of Capital 652.2.1 Chapter 7. The Turnover Time and Number ofTurnovers 652.2.2 Chapter 8. Fixed Capital and Circulating Capital 652.3 Part III. The Reproduction and Circulation of AggregateSocial Capital 662.4 Summary of Volume Two 683 Marx’s Capital Volume Three: the Process of Capitalist Productionas a Whole 703.1 Part I. The Conversion of Surplus-Value into Profit and of the Rateof Surplus-Value into the Rate of Profit 713.1.1 Chapter 1. Cost-Price and Profit 733.1.2 Chapter 2. The Rate of Profit 743.1.3 Chapter 3. The Relation of Rate of Profit to Rateof Surplus-Value 743.1.4 Chapter 4. The Effect of the Turnover on the Rateof Profit 743.1.5 Chapter 5. Economy in the Employment of ConstantCapital 743.1.6 Chapter 6. The Effect of Price Fluctuations 753.1.7 Chapter 7. Supplementary Remarks 753.2 Part II. Conversion of Profit into Average Profit 753.2.1 Chapter 8. Different Compositions of Capitals inDifferent Branches of Production and ResultingDifferences in Rates of Profit 753.2.2 Chapter 9. Formation of a General Rate of Profit(Average Rate of Profit) and Transformation of theValues of Commodities into Prices of Production 763.2.3 Chapter 10. Equalisation of the General Rate of Profitthrough Competition. Market-Prices and Market-Values.Surplus-Profit 793.2.4 Chapter 11. Effects of General Wage Fluctuations onPrices of Production 813.2.5 Chapter 12. Supplementary Remarks 813.3 Part III. The Law of the Tendency of the Rate of Profit to Fall 833.3.1 Chapter 13. The Law as Such 843.3.2 Chapter 14. Counteracting Influences 843.3.3 Chapter 15. Exposition of the Internal Contradictions ofthe Law 853.4 Part IV. Conversion of Commodity-Capital and Money-Capitalinto Commercial Capital and Money-Dealing Capital(Merchant’s Capital) 863.4.1 Chapter 16. Commercial Capital 863.4.2 Chapter 17. Commercial Profit 883.4.3 Chapter 18. The Turnover of Merchant’s Capital.Prices 893.4.4 Chapter 19. Money-Dealing Capital 893.5 Part V. Division of Profit into Interest and Profit of Enterprise:Interest-Bearing Capital 903.5.1 Chapter 21. Interest-Bearing Capital 903.5.2 Chapter 22. Division of Profit. Rate of Interest. NaturalRate of Interest 933.5.3 Chapter 23. Interest and Profit of Enterprise 933.5.4 Chapter 24. Externalisation of the Relations of Capitalin the Form of Interest-Bearing Capital 953.5.5 Chapter 25. Credit and Fictitious Capital 953.5.6 Chapter 27. The Role of Credit in CapitalistProduction 953.5.7 Chapter 30–35. Money-Capital and Real Capital 973.5.8 Chapter 36. Pre-capitalist Relationships 983.6 Part VI. Transformation of Surplus-Profit into Ground-Rent 983.6.1 Chapter 37. Introduction 983.6.2 Chapter 38–44. Differential Rent 993.6.3 Chapter 45. Absolute Ground-Rent 993.6.4 Chapter 46. Building Site Rent. Rent in Mining. Priceof Land 1003.6.5 Summary of Parts V and VI 1003 Overview and Reflections 1021 Marx’s Capital: Overview 1021.1 The Division of the Material by Forms of Ethical Life 1021.1.1 Bourgeois Society 1021.1.2 Productive Capitalism 1021.1.3 Finance Capital 1031.2 The Logical Division of the Subject Matter 1031.2.1 The Immediate Production of Capital 1031.2.2 The Circulation of Capital 1041.2.3 The Process of Capitalist Production as a Whole 1051.3 Analysis by Units 1061.3.1 The Commodity (v.1 Part I) 1061.3.2 The Embryo Capitalist, Moneybags (v.1 Part II) 1071.3.3 Unpaid Labour Time (v.1 Part III) 1071.3.4 The Necessary Labour Time (v.1 Part IV) 1071.3.5 Productive Labour (v.1 Part V) 1081.3.6 The Day’s Wage (v.1 Part VI) 1081.3.7 The Circuit of Capital (v.2 Part I) 1081.3.8 The Turnover Time of Capital (v.2 Part II) 1081.3.9 The Unity of Circulation and Production(v.2 Part III) 1081.3.10 Cost-price and Price of Production (v.3 Part I) 1091.3.11 The Average Rate of Profit (v.3 Part II) 1091.3.12 Accumulated Constant Capital (v.3 Part III) 1091.3.13 The Commercial Capitalist (v.3 Part IV) 1091.3.14 The Finance Capitalist (v.3 Part V) 1091.3.15 The Landowner (v.3 Part VI) 1102 Marx’s Capital: Outstanding Issues 1102.1 Commodities 1112.2 Precarity and Gig Work 1132.3 The Advertising Industry 1142.4 State Intervention 1152.5 Summary 1163 Reflection 1163.1 The Capital/Logic Debate 1163.2 My Journey to Capital 1174 Conclusion 120References 123Index 124

“The book is written in an expressively engaging and dialogical style [...] an excellent companion for undergraduate and graduate students having a year course on all three volumes of Capital. It is an honest and unbiased reproduction of the material. The labyrinth of the three volumes is complex enough to deserve such a companion.”—Kaveh Boveiri, author of Marxian Totality: Inverting Hegel to Explain Worldly Matters