By Michael Heinrich
Alex Locascio (trans.)
The worldwide financial hindrance and recession that started in 2008 had a minimum of one unforeseen consequence: a surge in revenues of Karl Marx's Capital. even if mainstream economists and commentators as soon as brushed aside Marx's paintings as superseded and improper, a few are begrudgingly acknowledging an research that sees capitalism as inherently risky. and naturally, there are these, like Michael Heinrich, who've obvious the price of Marx all alongside, and are in a distinct place to give an explanation for the intricacies of Marx's thought.
Heinrich's glossy interpretation of Capital is now on hand to English-speaking readers for the 1st time. It has undergone 9 variants in Germany, is the traditional paintings for Marxist research teams, and is used generally in German universities. the writer systematically covers all 3 volumes of Capital and explains the entire uncomplicated facets of Marx's critique of capitalism in a manner that's transparent and concise. He presents historical past details at the highbrow and political milieu within which Marx labored, and appears at the most important matters past the scope of Capital, equivalent to classification fight, the connection among capital and the nation, accusations of old determinism, and Marx's figuring out of communism. Uniquely, Heinrich emphasizes the financial personality of Marx's paintings, as well as the conventional emphasis at the exertions concept of worth, this highlighting the relevance of Capital to the age of economic explosions and implosions.
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Part I: The younger guy Marx
1. "Reflections of a early life on settling on an Occupation" (1835)
2. Letter to His Father: On a Turning-Point in lifestyles (1837)
3. The best Article of No. 179 of Kölnische Zeitung (1842)
4. "On the Jewish Question" (1843)
Part II: recognition and the fabric global
5. "Critique of Hegel's Dialectic and common Philosophy" (1844)
6. "The German Ideology—Ideology in General" ( 1844-46)
7. Preface: "A Contribution to the Critique of Political Economy" (1859)
8. "The Holy kin, or Critique of serious Criticism" (1814)
Part III: undesirable Work/Good paintings
9. Preface, "Early financial and Philosophic Manuscripts" (1844)
10. "Estranged Labor" (1844)
11. "Private estate and Communism" (1844)
12. "Money" (1844)
13. The Communist Manifesto (Chapter 1) (1848)
14. "Money and Alienated Man" (1844)
15. Capital, publication 1 (extract) (1867)
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Extra resources for An Introduction to the Three Volumes of Karl Marx's Capital
10 In other passages, however, Marx expresses himself clearly concerning the non-naturalistic foundation of abstract labor. 6:41; Marx included this sentence in the French translation): The reduction of various concrete private acts of labor to this abstraction of equal human labor is only carried out through exchange, which in fact equates products of different acts of labor with each other. Accordingly, it is exchange, that consummates the abstraction that underlies abstract labor (independent of whether the people engaged in exchange are aware of this abstraction).
6 Whereas Engels was clear that with such general statements nothing is understood about individual processes,7 this was anything but clear within the framework of worldview Marxism; “dialectics,” understood as the general science of development, was often viewed as a sort of Rosetta Stone with which everything could be explained. The second way in which dialectics is spoken of relates to the form of depiction in the critique of political economy. Marx speaks on various occasions of his “dialectical method,” and in doing so also praises Hegel’s achievements.
The only thing that can change, under historically differing conditions, is the form in which those laws assert themselves. And the form in which this proportional distribution of labour asserts itself in a state of society in which the interconnection of social labour expresses itself as the private exchange of the individual products of labour, is precisely the exchange value of these products. (MECW, 43:68) If, under the conditions of commodity production, the distribution of privately expended labor onto individual branches of production is mediated by the value of commodities (conscious regulation or a distribution predetermined by tradition do not exist), then the interesting question is how this is at all possible, or stated more generally, how privately expended labor becomes a component part of the total labor of society.