Time in Marx: The Categories of Time in Marx’s Capital (Historical Materialism)

Time in Marx demonstrates that the basic concepts of the three volumes of Capital come under different categories of time: "time of production" in volume one is linear, “time of circulation” in the second is circular, while in the third volume “organic time” is the unity of the two. Capitalist relations emerge as a definite organization of social time that obeys its own intrinsic criteria and operates as an autonomous, social subject. Cover 1 Title page 4 Copyright page 5 Contents 8 Introduction to the English Edition 12 The Missile’s Load 16 Rearguard Seasonals 20 Translator’s Note 26 Introduction 28 Part One The Time of Production 34 Introduction 36 Section One The Commodity and Labour Time 38 Chapter One Labour Time as a Transhistorical Economic Law 40 Chapter Two Abstract Labour Time: Form and Content 44 Chapter Three Socially Necessary Labour Time 60 Chapter Four The Hegelian Theory of Measure and Value as ‘Essence’ 70 Section Two From Simple Circulation to Capital 84 Chapter Five The Process of Exchange: Historical Time and Logical Time 86 5.1 Historical time 86 5.2 Logical time 89 Chapter Six Simple Circulation as a Moment of the Notion 96 6.1 The great triad of Hegelian logic 97 6.2 Simple circulation as a ‘chemical process’ 102 Chapter Seven The Hidden Time of the Commodity 110 Section Three The Time of the Process of Production 116 Chapter Eight The Time of Surplus-Labour or Absolute Surplus-Value 118 8.1 Constant and variable capital, mass and rate of surplus-value 118 8.2 The working day 123 Chapter Nine The Time of Surplus-Labour or Relative Surplus-Value 130 9.1 Simple cooperation and the saving of time 131 9.2 The manufacture and the saving of time 133 9.3 Large-scale industry as a clock-making system 136 Part Two The Time of Circulation 144 Introduction 146 Section One The Organic Movement of Capital 148 Chapter Ten The Three Cycles/Circuits of Capital 150 10.1 The circuit of money capital 151 10.2 The circuit of productive capital 155 10.3 The circuit of commodity capital 157 Chapter Eleven Capital as Syllogism 160 Chapter Twelve Capital in Marx, or ‘Life’ in Hegel 174 12.1 The Hegelian ‘Idea’ (generalities) 175 12.2 Hegelian ‘Life’ and the circuits of capital 178 12.3 ‘The living individual’ or ‘Shape’ and the circuit of productive capital 181 12.4 The ‘life process’ or ‘Assimilation’ and the circuit of commodity capital 182 12.5 The ‘Genus-process’ and the circuit of money capital 186 12.6 Remarks 188 Section Two The Turnover Times of Capital 192 Chapter Thirteen Value, Real Wealth and Circulation Time 194 Chapter Fourteen Turnover Time and Fixed and Circulating Capital 204 Chapter Fifteen The Labour, Production and Circulation Periods 220 15.1 Definition of the three periods 220 15.2 The turnover time and the quantitative relation between the different fractions of capital 225 Chapter Sixteen The Annual Turnover of Social Capital (The Schemas of Reproduction) 234 16.1 Presentation of the schemas of reproduction 235 16.2 Interpretation of the schemas of reproduction 241 Part Three Organic Time: The Unity of the Time of Production and the Time of Circulation 244 Introduction 246 Section One Surplus-Value, Profit and Time 250 Chapter Seventeen Cost, Wage, Profit and Illusions of Time 252 Chapter Eighteen Value and Production Prices (A Logical Interpretation) 260 18.1 Marx and the transformation of values into prices of production 261 18.2 The transformation as a syllogism 264 Section Two The Sub-Divisions of Profit or Fetishism Completely Realised 274 Chapter Nineteen The Derived Forms of Industrial Capital 276 19.1 Merchant’s capital (Handelskapital) 276 19.2 Interest-bearing capital [Das zinstragende Kapital] 279 Chapter Twenty Ground Rent 286 Chapter Twenty-One The Trinity Formula 292 Section Three The Contradictions of the Capitalist Organisation of Time 296 Chapter Twenty-Two The Law of the Tendency of the Rate of Profit to Fall 298 Chapter Twenty-Three The Periodical Crises 304 23.1 Periodical crises and the industrial cycle 304 23.2 The long-term tendency of the rate of profit 312 Chapter Twenty-Four The Structural Crises 318 24.1 Appendix to Chapter 24 332 Conclusion 336 References 342 Index 350