Marx's Capital Fourth Edition

Marx's Capital Fourth Edition

Hardcover(Fourth Edition)

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Overview

Marx's Capital Fourth Edition by Ben Fine, Alfredo Saad-Filho

Shows how Cuba and Venezuela provide inspiration for anti-capitalist movements — and how the Left must win power on a democratic basis._x000B_

Product Details

ISBN-13: 9780745320502
Publisher: Pluto Press
Publication date: 12/20/2003
Edition description: Fourth Edition
Pages: 216
Product dimensions: 4.92(w) x 6.97(h) x (d)

About the Author


D.L. Raby is Honorary Research Fellow at the Institute of Latin American Studies of the University of Liverpool, and also holds the rank of Professor Emeritus in the History Department of the University of Toronto. Raby has written many studies of Latin American and Iberian History and Politics, and is a long-standing activist in solidarity campaigns with Latin American struggles and social movements in the UK and Canada.

Table of Contents

Acknowledgementsxi
Preface to the Fourth Editionxiii
1History and Method1
Marx's Philosophy1
Method5
Marx's Economics9
Issues and Further Reading12
2Commodity Production14
The Labour Theory of Value15
Labour and Labour Power22
The Fetishism of Commodities25
Issues and Further Reading29
3Capital and Exploitation31
Exchange31
Capital33
Surplus Value and Exploitation36
Absolute and Relative Surplus Value40
Machinery and Technical Change44
Productive and Unproductive Labour46
Issues and Further Reading48
4The Circuit of Industrial Capital51
The Money Circuit of Capital51
The Circuit as a Whole53
Issues and Further Reading59
5Economic Reproduction61
Simple Reproduction61
Expanded Reproduction63
Social Reproduction70
Issues and Further Reading72
6Accumulation of Capital74
Primitive Accumulation74
The Development of Capitalist Production79
Competition and Capital Accumulation82
Issues and Further Reading87
7Capitalism and Crisis89
Marx's Theory of Accumulation and Crisis89
Possibilities of Crisis91
Accumulation, Crisis and the Development of the Proletariat96
Issues and Further Reading100
8The Compositions of Capital102
The Technical Composition of Capital102
The Organic and Value Compositions104
Issues and Further Reading108
9The Falling Rate of Profit109
Summary of the Argument110
The Law as Such and the Counteracting Tendencies111
The Internal Contradictions of the Law114
The Empirical Implications of the Law116
LTRPF and Crisis Theory118
A Response to Okishio121
Issues and Further Reading125
10The Transformation Problem126
From Values to Prices of Production127
Marx's Transformation and Its Critics130
Issues and Further Reading134
11Merchant's Capital135
Marx's Category of Merchant's Capital135
Modified Prices of Production137
Merchant's Capital at a More Complex Level139
Issues and Further Reading141
12Banking Capital and the Theory of Interest142
Interest-Bearing Capital143
Money Capital and the Financial System144
Interest as an Economic Category148
Issues and Further Reading152
13Marx's Theory of Agricultural Rent153
Differential Rent 1155
Differential Rent 2157
Absolute Rent160
Issues and Further Reading164
14Conclusion: Marxism and the Twenty-First Century166
Class167
The State and Globalisation171
Capital's Environment174
Socialism176
Issues and Further Reading180
References182
Index191

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