The Culmination of Capital: Essays on Volume III of Marx's 'Capital'

In this collection, four philosophers and four economists consider the Third Volume of Marx's Capital. The essays take up each of the major themes of Volume III - competition, for formation and development of the general rate of profit, the credit system and finance capital, rent, the Trinity formula and the concept of class - and consider them in the light of the two previous volumes. The authors share a focus on the concept of social form in Marx's work and on the method of his argument. The collection is intended both for specialists in Marxian theory and for students of the history of economic thought and of methodology.;Cover; Contents; List of Figures; Preface; Notes on Contributors; 1 Marx's Capital III, The Culmination of Capital: General introduction; 2 Class, Capital and Crisis; 3 Capital in General and Marx's Capital; 4 Hostile Brothers: Marx's theory of the distribution of surplus-value in Volume III of Capital; 5 'Transformation' and the Monetary Circuit: Marx as a monetary theorist of production; 6 Capital, Competition and Many Capitals; 7 Surplus Profits from Innovation: A missing level in Capital III? Cover......Page 1 Contents......Page 6 List of Figures......Page 8 Preface......Page 9 Notes on Contributors......Page 10 1 Marx's Capital III, The Culmination of Capital: General introduction......Page 12 2 Class, Capital and Crisis......Page 27 3 Capital in General and Marx's Capital......Page 53 4 Hostile Brothers: Marx's theory of the distribution of surplus-value in Volume III of Capital......Page 76 5 'Transformation' and the Monetary Circuit: Marx as a monetary theorist of production......Page 113 6 Capital, Competition and Many Capitals......Page 139 7 Surplus Profits from Innovation: A missing level in Capital III?......Page 160 8 The Rate of Profit Cycle and the Opposition between Managerial and Finance Capital: A discussion of Capital III, Parts Three to Five......Page 185 9 The Credit System......Page 223 10 Rent and Landed Property......Page 239 11 The Illusion of the Economic: The Trinity Formula and the 'religion of everyday life'......Page 257 Subject Index......Page 284 Author Index......Page 291

Four philosophers and four economists consider each of the major themes of volume III of Marx's Capital —competition, the formation and development of the general rate of profit, the credit system and finance capital, rent, the Trinity Formula and the concept of class—in light of the two previous volumes. The collection is intended both for specialists in Marxian theory and for students of the history of economic thought and methodology.

This introductory chapter starts with a brief discussion of why writing about Marx's Capital III is not only interpretative - this is true for any work - but is also bound to be reconstructive.