Roman Rosdolsky - The Making of Marxs Capital Contents Author’s Preface Translator’s Note Acknowledgements PART ONE Introduction 1. The Origins of the Rough Draft Notes 2. The Structure of Marx’s Work I. THE ORIGINAL OUTLINE AND ITS CHANGES II. WHEN, AND TO WHAT EXTENT, WAS THE FIRST OUTLINE ABANDONED? III. PREVIOUS EXPLANATIONS OF THE CHANGE IN THE OUTLINE IV. THE METHODOLOGICAL IMPORT OF THE ORIGINAL OUTLINE A. The first three ‘Books’ 1. Marx on the method and object of political economy 2. The ‘trinity formula’ of bourgeois economics 3. The three fundamental social classes 4. The ‘transition from capital to landed property’ and from ‘landed property to wage-labour’ 5. The real function of the threefold division B. The /Book on Capital/ 1. The original subdivision of the ‘/Book on Capital/’ 2. ‘Capital in general’ and ‘many capitals’ 3. The structural relation of ‘the Rough Draft’ to ‘Capital’ V. THE SCOPE OF AND PROBABLE EXPLANATION FOR THE CHANGE IN THE OUTLINE Notes /Appendix I/. The Book on Wage-Labour 1. Themes which were to have been included in the book 2. Why did Marx abandon the separate ‘/Book on Wage-Labour/’? Notes /Appendix II/. Methodological Comments on Rosa Luxemburg’s Critique of Marx’s Schemes of Reproduction Notes 3. Karl Marx and the Problem of Use-Value in Political Economy^1 I. II. III. IV. V. Notes PART TWO The First Formulation of Marx’s Theory of Money Preliminary Note 4. Critique of the Labour-Money Theory Notes 5. ‘Transition from Value to Money’* 1. The necessity of the formation of money 2. The quantitative and the qualitative aspects of the problem of value (the magnitude of value and the form of value) 3. The formation of money and commodity fetishism 4. The unfolding of the internal contradictions of the money form Notes 6. The Functions of Money A. Money as measure of value 1. Preliminary note 2. Money as measure of value Notes 7. The Functions of Money B. Money as medium of circulation Notes 8 The Functions of Money C. ‘Money as money’ 1. General comments 2. Money as hoard 3. Money as means of payment 4. Money as world money 5. Concluding remarks Notes PART THREE The Section on the Production Process 9. Introductory Remarks Notes 10. The Law of Appropriation in a Simple Commodity Economy Notes 11. The Transition to Capital Notes 12. Exchange between Capital and Labour-Power Notes 13. Labour Process and Valorisation Process Notes 14. Creation of Value and Preservation of Value in the Production Process Notes 15. The General Concept and Two Basic Forms of Surplus-Value Notes 16. Relative Surplus-Value and Productive Force Notes 17. The Methods of Production of Relative Surplus-Value (/Co-operation, manufacture and machinery/)^1 Notes 18. ‘Simultaneous Working Days’. The Capitalist Law of Population and the ‘Industrial Reserve Army’ (/Marx/’/s critique of Malthus/) Notes 19. The Reproduction Process and the Inversion of the Law of Appropriation^1 Notes 20. Primitive Accumulation and the Accumulation of Capitals Notes /Appendix/ A Critical Assessment of Marx’s Theory of Wages 1. Marx’s theory of wages 2. Marx on the movement of wages A. The general conditions for increases in wages B. The economic cycle and the movement of wages 3. Marx’s doctrine of relative wages 4. The industrial reserve army as regulators of wages 5. The so-called ‘theory of immiseration’ 6. The kernel of truth in the ‘theory of immiseration’ 7. Concluding remark Notes PART FOUR The Section on the Circulation Process Introductory Remark Notes 21. The Transition from the Production Process of Capital to the Circulation Process of Capital. Excursus on the Realisation Problem and the First Scheme of Reproduction Notes 22. Circulation Time and its Influence on the Determination of Value Notes 23. The Turnover of Capital and Turnover Time. The Continuity of Capitalist Production and the Division of Capital into Portions Notes 24. The Characteristic Forms of Fixed and Circulating (Fluid) Capital 1. 2. 3. 4. 5. Notes PART FIVE Capital as Fructiferous. Profit and Interest 25. The Transformation of Surplus-Value into Profit. The General Rate of Profit 27. Fragments on Interest and Credit 1. The extent to which the original outline envisaged the treatment of these themes 2. The ‘Rough Draft’ on interest-bearing capital 3. The category of ‘capital as money’ 4. Critique of Proudhonism 5. The ‘Rough Draft’ on the role of credit in the capitalist economy 6. The barriers of the credit system Notes /Appendix/ On recent criticisms of Marx’s law of the falling rate of profit Notes PART SIX Conclusion 28. The Historical Limits of the Law of Value. Marx on the Subject of Socialist Society 1. Marx on the development of human individuality under capitalism 2. The role of machinery as the material precondition of socialist society 3. The withering away of the law of value under socialism Notes 29. The Reification of the Economic Categories and the ‘True Conception of the Process of Social Production’ Notes PART SEVEN Critical Excursus 30. The Dispute Surrounding Marx’s Schemes of Reproduction I. INTRODUCTION 1. A note on the formal aspect of the schemes of reproduction in Volume II 2. The ‘approximation to reality’ of Marx’s schemes of reproduction/ 3. The basic presupposition of Marx’s schemes of reproduction 4. The schemes of reproduction and the realisation problem II. THE DISCUSSION BETWEEN THE ‘NARODNIKS’ AND THE ‘LEGAL’ MARXISTS IN RUSSIA 1. Engels’s debate with Danielson 2. Bulgakov’s and Tugan-Baranovsky’s interpretation of Marx’s analysis of extended reproduction III. LENIN’S THEORY OF REALISATION^76 IV. HILFERDING’S INTERPRETATION OF MARX’S SCHEMES OF REPRODUCTION V. ROSA LUXEMBURG’S CRITIQUE OF MARX’S THEORY OF ACCUMULATION 1. The historical and methodological background 2. The schemes of reproduction and technical progress 3. The neo-Harmonist applications of the schemes Conclusion Notes 31. The Problem of Skilled Labour I. BÖHM-BAWERK’S CRITIQUE II. MARX’S PROBABLE SOLUTION Notes 32. A Note on the Question of ‘False Rationalisation’ Notes 33. Joan Robinson’s Critique of Marx I. MARX’S THEORY OF VALUE 1. Marx as a ‘value fetishist’ 2. Marx’s ‘rigmarole’ 3. Marx’s search for a social elixir. The problem of value in a socialist society II. MARX’S THEORY OF THE ESSENCE OF CAPITALIST EXPLOITATION AND HIS CONCEPT OF CAPITAL III. CONCLUDING REMARKS Notes 34. Neo-Marxist Economics I. A SEEMINGLY DOGMATIC CONTROVERSY II. ON THE METHOD OF MARX’S ECONOMICS III. CONCLUDING REMARK Notes Bibliography Works by Marx and Engels Other works cited Index