Marx's Economic Manuscript of 1864-1865
Description
Marx’s Economic Manuscript of 1864-1865 makes available the original draft manuscript of Volume III of Capital. These notebooks were heavily edited by Engels to prepare the text for publication, and it has been a long-standing question in Marxian scholarship whether he introduced significant changes. This first-ever English translation allows the debate to be settled once and for all.
Author Bios
Fred Moseley is Professor of Economics at Mount Holyoke College. He is the author of The Falling Rate of Profit in the Postwar United States Economy and editor of Marx’s Logical Method: A Reappraisal, New Investigations of Marx’s Method, Heterodox Economic Theories: True or False?, and Marx’s Theory of Money: Modern Reappraisals. He has also published numerous articles on Marxian economics in scholarly journals, including the American Economic Review, the Cambridge Journal of Economics, and theReview of Radical Political Economics.
More Info
Publication date: October 17, 2017
Table of Contents
Translator’s Note
Introduction by Fred Moseley
Chapter One: The Transformation of Surplus-Value into Profit
1. Surplus-Value and Profit
[2. Cost Price]
3. Economy in the Use of Constant Capital
4. The Effect of Changes in Raw Material Prices
5. Release and Tying-up of Capital, Depreciation and Appreciation, Revaluation and Devaluation of Capital
6. The Influence of Changes in Circulation Time, its Shortening or Lengthening (and also changes in the means of communication connected with this) on the Rate of Profit
7. Profit (as it appears to the bourgeois)
Chapter Two: The Transformation of Profit into Average Profit
1. Different Compositions of Capital in Different Branches of Production and the Resulting Variation in Rates of Profit
2. Formation of a General Rate of Profit (Average Profit) and Transformation of Commodity Values into Prices of Production
3. The Equalisation of the General Rate of Profit through Competition. Market Prices and Market Values. Surplus Profit.
4. The Effects of a General Increase or Reduction (Fall) in Wages on the Prices of Production of the Different Commodities
5. The Capitalist's Grounds for Compensation Supplement on Prices of Production
Chapter Three: The Law of the Tendential Fall in the General Rate of Profit with the Advance of Capitalist Production
Chapter Four: The Transformation of Commodity Capital and Money Capital into Merchant's Capital (Commodity-Dealing Capital and Money-Dealing Capital)
1. Commodity-Dealing Capital (Commercial Profit)
2. Commercial Profit and its Characteristics
3. The Turnover of Mercantile Capital. Prices
4. Money-Dealing Capital
5. [no title]
Chapter Five: The Division of Profit into Interest and Profit of Enterprise. (Industrial or Commercial Profit). Interest-Bearing Capital
1. [Interest-Bearing Capital]
2. Division of Profit. Rate of Interest. The Natural Rate of Interest
3. Interest and Profit of Enterprise
4. The Externalisation of Surplus-Value and the Capital Relation in General in the Form of Interest-Bearing Capital
5. Credit. Fictitious Capital
6. Pre-Bourgeois Relations
Chapter Six: The Transformation of Surplus Profit into Ground-Rent
(a) Introduction
(c) Absolute Ground-Rent
(b) Differential Rent
[The First Form of Differential Rent]
[The Second Form of Differential Rent]
Chapter Seven: The Revenues and their Sources
1. The Trinity Formula
2. [On the Analysis of the Production Process]
3. The Illusion Created by Competition
4. Relations of Production and Distribution
5. Classes
Appendix
Bibliography
Index
