Front cover image for Capital : a critique of political economy

Capital : a critique of political economy

Karl Marx (Author), Friedrich Engels (Writer of preface), Ernest Mandel (Writer of introduction), Ben Fowkes (Translator), David Fernbach (Translator)
From the Publisher: Das Kapital, Karl Marx's masterwork, is the book that above all others formed the twentieth century. From Kapital sprung the economic and political systems that in our time dominated half the earth and for half a century kept the world on the brink of war. Even today, one billion Chinese remain in the power of the Marxist system. Yet this important and powerful work has been passed over by many readers frustrated by Marx's difficult style and his preoccupation with nineteenth-century events of little relevance to today's reader. Now Serge Levitsky presents a new revised version of this masterpiece, carefully retranslated for the modern reader and abridged to emphasize the political and philosophical core of Marx's work, while trimming away much that is now unimportant. Here then is a fresh and highly readable version of a work whose ideas have influenced the lives of nearly every person alive today
Print Book, English, 1990
Penguin Books in association with New Left Review, London, 1990
3 volumes ; 20 cm
9780140445688, 9780140445695, 9780140445701, 0140445684, 0140445692, 0140445706
Volume 1: Book I: Process of production of capital
Volume 2: Book II: Process of circulation of capital
Volume 3: Book III: Process of capitalist production as a whole. Volume 1: Introduction / Ernest Mandel
Translator's preface
Preface to the first edition
Postface to the second edition
Preface to the French edition
Postface to the French edition
Preface to the third edition (by Engels)
Preface to the English edition (by Engles)
Preface to the fourth edition (by Engels)
Book 1: Process Of Production Of Capital
Part 1: Commodities And Money
1: Commodity
2: Process of exchange
3: Money, or the circulation of commodities
Part 2: Transformation Of Money Into Capital
4: General formula for capital
5: Contradictions in the general formula
6: Sale and purchase of labour-power
Part 3: Production Of Absolute Surplus-Value
7: Labour process and the valorization process
8: Constant capital and variable capital
9: Rate of surplus-value
10: Working day
11: Rate and mass of surplus-value
Part 4: Production Of Relative Surplus-Value
12: Concept of relative surplus-value
13: Co-operation
14: Division of labour and manufacture
15: Machinery and large-scale industry
Part 5: Production Of Absolute And Relative Surplus-Value
16: Absolute and relative surplus-value
17: Changes of magnitude in the price of labour-power and in surplus-value
18: Different formulae for the rate of surplus-value
Part 6: Wages
19: transformation of the value (and respectively the price) of labour-power into wages
20: Time-wages
21: Piece-wages
22: National differences in wages
Part 7: Process Of Accumulation Of Capital
23: Simple reproduction
24: Transformation of surplus-value into capital
25: General law of capitalist accumulation
Part 8: So-Called Primitive Accumulation
26: Secret of primitive accumulation
27: Expropriation of the agricultural population form the land
28: Bloody legislation against the expropriated since the end of the fifteenth century-the forcing down of wages by act of parliament
29: Genesis of the capitalist farmer
30: Impact of the agricultural revolution on industry-the creation of a home market for industrial capital
31: Genesis of the industrial capitalist
32: Historical tendency of capitalist accumulation
33: Modern theory of colonization
Appendix: Results Of The Immediate Process Of Production Introduction / Ernest Mandel
1: Commodities as the product of capital
2: Capitalist production as the production of surplus-value
3: Capitalist production is the production and reproduction of the specifically capitalist relations of production
4: Isolated fragments
Quotations in languages other than English and German
Index of authorities quoted
General index
Note on previous editions of the works of Marx and Engels
Chronology of works by Marx and Engels. Volume 2: Introduction / Ernest Mandel
Translator's preface
Preface / Frederick Engels
Preface to the second edition / Frederic Engels
Book 2: Process Of Circulation Of Capital
Part 1: Metamorphoses Of Capital And Their Circuit
1: Circuit of money capital
2: Circuit of productive capital
3: Circuit of commodity capital
4: Three figures of the circuit
5: Circulation time
6: Costs of circulation
Part 2: Turnover Of Capital
7: Turnover time and number of turnovers
8: Fixed capital and circulating capital
9: Overall turnover of the capital advanced-turnover cycles
10: Theories of fixed and circulating capital-the physiocrats and Adam Smith
11: Theories of fixed and circulating capital-Ricardo
12: Working period
13: Production time
14: Circulation time
15: Effect of circulation time on the magnitude of the capital advanced
16: Turnover of variable capital
17: Circulation of surplus-value
Part 3: Reproduction And Circulation Of The Total Social Capital
18: Introduction
19: Former presentations of the subject
20: Simple reproduction
21: Accumulation and reproduction on an expanded scale
Quotations in language other than English and German
Index of authorities quoted
General index
Note on previous editions of the works of Marx and Engels
Chronology of works by Marx and Engels. Volume 3: Introduction / Ernest Mandel
Preface / Frederick Engels
Book 3: Process Of Capital Production As A Whole
Part 1: Transformation Of Surplus-Value Into Profit, And Of The Rate Of Surplus-Value Into The Rate Of Profit
1: Cost price and profit
2: Rate of profit
3: Relationship between rate of profit and rate of surplus-value
4: Effect of the turnover on the rate of profit
5: Economy in the use of constant capital
6: Effect of changes in price
7: Supplementary Remarks
Part 2: Transformation Of Profit Into Average Profit
8: Different compositions of capital in different branches of production, and the resulting variation in rates of profit
9: Formation of a general rate of profit (average rate of profit), and transformation of commodity values into prices of production
10: Equalization of the general rate of profit through competition-Market prices and market values-surplus profit
11: Effects of the general fluctuations in wages on the prices of production
12: Supplementary remarks
Part 3: Law Of the Tendential Fall In The Rae Of Profit
13: Law itself
14: Counteracting factors
15: Development of the law's internal contradictions
Part 4: Transformation Of Commodity Capital And Money Capital Into Commercial Capital And Money-Dealing Capital (Merchant's Capital)
16: Commercial capital
17: Commercial profit
18: Turnover of commercial capital-prices
19: Money-dealing capital
20: Historical material on merchant's capital
Part 5: Division Of Profit Into Interest And Profit Of Enterprise
21: Interest-bearing capital
22: Division of profit-rate of interest-'natural' rate of interest
23: Interest and profit of enterprise
24: Interest-bearing capital as the superficial form of the capital relation
25: Credit and fictitious capital
26: Accumulation of money capital, and its influence on the rate of interest
27: Role of credit in capitalist production
28: Means of circulation and capital-the views of Tooke and Fullarton
29: Banking capital's component parts
30: Money capital and real capital: I
31: Money capital and real capital: II (continuation)
32: Money capital and real capital: III (conclusion)
33: Means of circulation under the credit system
34: Currency principle and the English bank legislation of 1844
35: Precious metal and rate of exchange
36: Pre-capitalist relations
Part 6: Transformation Of Surplus Profit Into Ground-Rent
37: Introduction
38: Differential rent in general
39: First form of differential rent (differential rent I)
40: Second form of differential rent (differential rent II)
41: Differential rent II-first case: price of production constant
42: Differential rent II-second case: price of production falling
43: Differential rent II-third case: rising price of production-results
44: Differential rent even on the poorest land cultivated
45: Absolute ground-rent
46: Rent of buildings-rent of mines-price of land
47: Genesis of capitalist ground-rent
Part 7: Revenues And Their Sources
48: Trinity formula
49: On the analysis of the production process
50: Illusion created by competition
51: Relations of distribution and relations of production
52: Classes
Supplement and addendum to volume 3 of Capital / (Frederick Engels)
Quotations in languages other than English and German
Index of authorities quoted
General index
Note on previous editions of the works of Marx and Engels
Chronology of works by Marx and Engels
Translation of: Das Kapital
Reprint. Originally published in this edition: Pelican Books, 1976-1981
Includes prefaces to various editions, signed by Karl Marx and Frederick Engels
Volumes 2-3 translated by David Fernbach