Capital: Volume III

Front Cover
Penguin UK, Aug 27, 1992 - Political Science - 1088 pages
Unfinished at the time of Marx's death in 1883 and first published with a preface by Frederick Engels in 1894, the third volume of Das Kapital strove to combine the theories and concepts of the two previous volumes in order to prove conclusively that capitalism is inherently unworkable as a permanent system for society. Here, Marx asserts controversially that - regardless of the efforts of individual capitalists, public authorities or even generous philanthropists - any market economy is inevitably doomed to endure a series of worsening, explosive crises leading finally to complete collapse. But healso offers an inspirational and compelling prediction: that the end of capitalism will culminate, ultimately, in the birth of a far greater form of society.
 

Selected pages

Contents

The Process of Capitalist Production as a Whole
The Rate of Profit
The Relationship between Rate of Profit and Rate of SurplusValue
The Effect of the Turnover on the Rate of Profit
Economy in the Use of Constant Capital
The Effect of Changes in Price
Supplementary Remarks
Formation of a General Rate of Profit Average Rate of Profit
Money Capital and Real Capital I
Money Capital and Real Capital II Continuation
Money Capital and Real Capital III Conclusion
The Means of Circulation under the Credit System
The Currency Principle and the English Bank Legislation of 1844
Precious Metal and Rate of Exchange
PreCapitalist Relations
The Transformation of Surplus Profit into GroundRent

The Equalization of the General Rate of Profit through Competition
The Effects of General Fluctuations in Wages on the Prices of Production
The Law of the Tendential Fall in the Rate of Profit
Counteracting Factors
Development of the Laws Internal Contradictions
The Transformation of Commodity Capital and Money Capital into
Commercial Profit
The Turnover of Commercial Capital Prices
MoneyDealing Capital
Historical Material on Merchants Capital
The Division of Profit into Interest and Profit of Enterprise
Division of Profit Rate of Interest Natural Rate of Interest
Interest and Profit of Enterprise
InterestBearing Capital as the Superficial Form of the Capital Relation
Credit and Fictitious Capital
Accumulation of Money Capital and its Influence on the Rate of Interest
The Role of Credit in Capitalist Production
Banking Capitals Component Parts
Differential Rent in General
The First Form of Differential Rent Differential Rent
Differential Rent II First Case Price of Production Constrant
Differential Rent II Second Case Price of Production Falling
Differential Rent II Third Case Rising Price of Production Results
Differential Rent Even on the Poorest Land Cultivated
Absolute GroundRent
Rent of Buildings Rent of Mines Price of Land
The Genesis of Capitalist GroundRent
The Revenues and Their Sources
On the Analysis of the Production Process
The Illusion Created by Competition
Relations of Distribution and Relations of Production
Quotations in Languages other than English and German
General Index
Note on Previous Editions of the Works of Marx and Engels
Copyright

Common terms and phrases

accumulation actual additional agricultural already amount appears applied arises assume average Bank become bills branches capital investment capitalist cent Chapter circulation commodity completely composition constant capital decline demand depends determined economic effect elements England equal example exchange existence expressed fact fall function given gives gold governing greater growing hand hence important increase independent individual industrial kind labour land less London mass material means means of production merchant mode of production money capital natural notes operations paid particular payment period portion present price of production production price production process proportion quantity rate of interest rate of profit reduced relation relative remains rent represents reproduction result rise sell shillings simply social sphere supply surplus surplus-value thing trade transformed variable capital Volume wages whole workers yield

About the author (1992)

Karl Marx was born in 1818 in Trier, Germany and studied in Bonn and Berlin. Influenced by Hegel, he later reacted against idealist philosophy and began to develop his own theory of historical materialism. He related the state of society to its economic foundations and mode of production, and recommended armed revolution on the part of the proletariat. Together with Engels, who he met in Paris, he wrote the Manifesto of the Communist Party. He lived in England as a refugee until his death in 1888, after participating in an unsuccessful revolution in Germany.

Ernst Mandel was a member of the Belgian TUV from 1954 to 1963 and was chosen for the annual Alfred Marshall Lectures by Cambridge University in 1978. He died in 1995 and the Guardian described him as 'one of the most creative and independent-minded revolutionary Marxist thinkers of the post-war world.'


Translated by David Fernbach with an introduction by Ernest Mandel

Bibliographic information

TitleCapital: Volume III
AuthorKarl Marx
Translated byDavid Fernbach
ContributorErnest Mandel
PublisherPenguin UK, 1992
ISBN014190321X, 9780141903217
Length1088 pages
Subjects ›  › 

Business & Economics / Economics / Theory
Political Science / History & Theory
Political Science / Political Ideologies / Communism, Post-Communism & Socialism
  
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