Index of subjects
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References to the three volumes of Capital are abbreviated as C-I, C-II and C-III; ‘Part’ is abbreviated as ‘Pt’.
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This index is not exhaustive for each one (main) term, it rather focuses on references where a main term/concept is explained.
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Many references are to sections of a chapter; in this case, for example, 2§5 stands for chapter 2, section 5; in case of a subsection, for example, 2§5.2.
-
In case the reference is to a full (sub)section, it is followed by its page numbers in brackets; for example 2§5.2 (44-45).
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Reference to a single page, or some pages, are as, for example, 2§5.2: 44, or also ch.2: 44, 49.
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In case of many references for a lemma, page and/or section numbers in bold indicate the main one(s) as to explanation of a term/item.
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The lemmas are most often subdivided into sub-lemmas.
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Many lemmas have a cross-reference (see: … see also: …). In case this reference is to a sub-lemma this is indicated as, for example, see: ‘surplus-value’ sub ‘relative surplus-value’.
abstract labour
(duality of) concrete and abstract labour
2§2.1: 42
‘time’ of abstract labour: no real existence
ch.7-concl: 150
abstract labour as concrete abstraction in practice
6§4.3 (125-26)
abstract labour cannot be measured
7§2.2: 142
disappearance of the term after C-I, Pt One
7§2.1: 141
reconstruction of
6§5 (127-30)
simplified constituent of value
7§2.1: 141
see also: ‘ambiguity Marx’s abstract labour’
see also: ‘labour embodied’
abstraction
abstraction in practice
6§4.3 (125-26)
levels of abstraction
1§3.5: 23-25; ch.3: 64-65; ch.4: 71; 6§1: 112; 13§2.1 (273-74); 14§2 (285)
levels of abstraction: claims to general truth
15§1: 247
quantification between levels of abstraction, error of
6§4.1: 122
types of (reductive, simplifying)
6§3.2: 116-17; 6§5: 128
accumulation of capital
assumptions (Marx) for his exposition of
9§1.3 (183-86)
brief general delineation
18§1 (392-93)
changes of the composition of capital
9§3.2 (193-96)
changes of the productive forces
9§2.2: 188-90; 9§3.2: 188-90
changes of wages induced by growth of capital
9§3.1 (190-93)
conversion of surplus-value into capital
1§4: 29; 9§2.1: 186
cursory survey C-III, Pt Seven
9§1.2 (183)
cyclical course of accumulation
9§3.3: 199
cyclical course of accumulation commented on by Schumpeter
12§1: 263
cyclical course of accumulation, see also: ‘labour shortage: cyclical’
decennial cycle
9§3.3: 199; 9§3.3: 200; 12§1: 263
dynamics of accumulation: formalisation
9§2.2 (186-90); 9§3: 190-97
Faustian conflict: accumulation versus enjoyment
9§2.1: 186; 11§2.1: 225
general law of capitalist accumulation: defined
9§3.1: 190
general law of capitalist accumulation: expanded on
9§3 (190-202)
increase rate of exploitation generates wage increase
9§3.1: 192-93
law of capitalist production (accumulation induced wage Δ )
9§3.1: 192
Marx’s accumulation acceleration triple
9§3.2: (193-96)
Marx’s introduction of concept of ‘acceleration’
9§2.2: 190; 16§2.2: 350n and 355; 17§2: 376; 21§1.2: 456
total (average) social capital in C-I, Pt Seven
9§3.2: 194; 9§3.3: 198
see also: ‘capital composition: rising’
see also: ‘over-accumulation of capital’ sub ‘tendency towards’
see also: ‘profit rate – tendential manifestation’ sub ‘cyclical development’; see also: the other profit rate lemmas
ambiguity Marx’s abstract labour
expounded in comments on Patrick Murray’s views
5§3 (91-98)
assumptions: types of
all types below (as well as reductive assumption)
ch.6 passim
approximation
14§3.1: 286
heuristic
ch.9: 186, 191
negligibility/neglectable
ch.11: 225-26, 229;
simplifying (serves tractability)
14§3.1: 286
stage simplification (serves tractability; dropped later)
14§3.1: 286
see also: ‘abstraction’ sub ‘types of (reductive, simplifying)’
banking system
fragmentary versus integrated
20§1: 435; 20§5: 440-39; 20§6: 442, 444
banks
banks issue credit money, created ex-nihilo
20§1: 434-33
losses of banks
20§1: 435
losses of banks and CB-engendered pseudo-social validation
20§1: 434-35
see also: ‘credit money’
break
see: ‘paradigmatic break (Marx)’
breakdown / overthrow of capitalism
absent from Marx’s Capital
19§4: 423-24
evolution of Marx’s views on the issue
19§5 (425-26)
Grossman on
17§1.1: 369n
in Marx’s Grundrisse manuscript
19§1: 416-17; 19§2: 418
capital
see: ‘circuit of individual capital’
see: ‘circulation of total capital’
see: ‘fixed capital’
see ‘functional forms of capital’
capital composition: general
organic composition
ch.9: 193-94
technical composition
ch.9: 193
value composition
ch.9 193-94
capital composition: rising
affects rate of accumulation and rate of profit
18§4.2 (397-98)
see also: ‘accumulation of capital’ sub ‘Marx’s accumulation acceleration triple’; see also: ‘profit rate, tendency: micro foundation’
Capital editions (German; English)
Capital-I: editions (note)
intro Part B: 105
Capital-II: editions
10§3: (214-15)
Capital-III: editions
13§1: 269-70, 270 n2
see also: ‘Marx’s Capital (general)’ sub ‘internet links’
Capital: coverage in this book
C-I, Pt One: commodities and money
chs. 6 and 7
C-I: Pts Three to Five: production absolute and relative SV
ch.8
C-I: Pt Seven: the process of accumulation of capital
ch.9
C-I and C-III: Marx’s conceptualisation of value
ch.2
C-II: Pt Three: reproduction & circulation total social capital
ch.11
C-III: Pt Two: transformation of profit into average profit
chs. 14 and 15
C-III: Pt Three: law of the tendential fall in the rate of profit
chs. 16 to 19
C-III: Pts Two, Three, Five (on, or developments from)
ch.20
C-III: Pts Three, Four Five: profit rate cycle and functional forms of capital
ch.21
see also ‘Marx’s Capital (general)’
Capital-II: influence
general
10§4 (215-16)
of repro. schemes on mainstream business cycle theory
12§2: (263-64)
centralisation of capital
ch.9: 196, 203; 18§8 (405-06)
circuit of individual capital
in Capital-I
8§1.1: 158-59
in Capital-II (prior to its Pt. Three)
ch.1: 29-30; ch.10: 213
circulation of total capital
general notions: C-II, Pt Three
ch.10: 213; ch.11-intro (220-23)
social (macro) circulation: see: ‘reproduction schemes C-II’
class (social)
term (in non-statistical sense) hardly ever used in Capital
ch.1: 20
commensuration (by money)
commensuration (homogenisation): ideal commensuration
7§2.2: 143, Table 1, row 5; 7§3.1 (144-45)
ideal pre-commensuration
8§1.1: 159; 20§1: 434
ideal pre-commensuration: differs across and within branches
18§3 (394-95)
see also: ‘profit rate, tendency: micro foundation’
commodity money
7§3.3 (147-48); 7§4 (148-49)
see also: ‘credit money’ and ‘money’
competition
general account (Marx citation)
ch.9: 186
see also: ‘interaction of capitals’
see also: ‘stratification of capital’
composition of capital
see: ‘capital composition’
credit money
issued by banks and created ex nihilo
20§1: 434-35
see also: ‘money’
critique versus criticism
1§3.2 (20); ch.4: 70
departments of production defined
ch.10: 213; ch.11: 227
determinants [a]: two categories
immanent (introversive) vs. extroversive: jargon C-I, Pt One
7§1.3: 138 and 138 n.7
inner vs. outer: jargon C-I, Pt Seven
7§1.3: 138 n.7
two ‘moments’ that inseparably belong together
7§1.3: 138
see also: ‘determinants [b] …’; ‘determinants [c] …’
determinants [b]: jargon C-I, Pt One
extroversion outlined: in its ch. 3
7§1.2 (137-38)
immanent and extroversive moments of value: in its chs. 1 and 3
7§1.3 (138-39)
determinants [c]: jargon C-I, Pt Seven
inner moment of capital accumulation: its ‘pure’ analysis
ch.9: 185
Part Seven (must be) restricted to this inner moment
ch.9: 182, 202
devalorisation of capital
defined
20§4 (439-40)
devalorisation of capital: cyclical
20§5.2 (441); 21§1.3: 458; 21§3.2: 477-78
see also: ‘valorisation’
see also: ‘devaluation of capital’
see also: ‘revaluation of capital’
see also: ‘stratification of capital’
devaluation of capital
as affecting the profit rate: general
16§2.2: 354; 16§2.4: 357
devaluation of capital: cyclical
16§2.4: 358
devaluation of capital: extended accounts of
20§1: 434; 20§4 (439-40); ch.21-intro: 450; 21§1.1: 452; 21§1.2: 456-57; 21§1.3: 458; 21§3.2: 477-78, 483; ch.21-concl 484
see also: ‘devalorisation of capital’
see also: ‘revaluation of capital’
see also: ‘stratification of capital’
dialectic
general overview
ch.3: 63
Hegel’s: general overview
ch.3: 63-67
Marx’s: general overview
ch.4: 69-73
see also: ‘systematic dialectics’
dimensions in Capital
in C-I to C-III treated in increasing complexity/concretion
8§1.1: 157
main dimensions: labour-time and monetary value
2§2.3 (48)
see also: ‘monetary dimension’
economic crisis
and accumulation of capital
9§3.3-E (199)
and general restructuring of capital
20§5.1 (440-39)
and reduction range of the stratification of capital
20§5.1 (440-41)
in a fragmented versus an integrated banking system
20§6.1 (442)
in reproduction schemes context
11§2.1: 224; 11§2.7: 234; 11§3.1: 236-37
see also: ‘banking system’
see also: ‘stratification of capital’
economic growth
see: ‘accumulation of capital’
see also: ‘profit rate – tendential manifestation’
Engels’s mark on C-II and C-III
regarding C-II (Engels’s selection from Marx’s notebooks)
10§3: 215
regarding C-III (general)
13§1: 272-73
fictitious capital expansion
20§1: 435
finance capital (in Hilferding sense)
21§2.7: 468 n29
finance capital (non-Hilferding sense)
see: ‘industrial and finance capital’
see also: ‘functional forms of capital’ sub ‘[h] finance capital and managerial capital’
fixed capital
ch.8: 163n; ch.9: 187; ch.11: 222; 228; 230; 234; 235; 248
formalisations in/of Capital
in C-I, Pt Seven (derived from text)
9§2.2 (186-90); 9§3,2 (193-96); 9§3.3-A (197)
in C-I, Pts Three to Six (Marx)
8§2.1 (161-66)
in C-I, Pts Three to Six (reconstructions)
8§2.3 (168-72); 8§2.5 (176-78)
in C-II, Pt Three (Marx)
passim in 11§2.4 (229-31), 11§2.5 (231-33), 11§3.2 (237-48) and 11§3.3 (248-51)
in C-II, Pt Three: numerical schemes (Marx)
idem previous sub-lemma
in C-II, Pt Three: numerical schemes formally reconstructed
idem previous sub-lemma
see also: ‘reproduction schemes C-II’
numerical schemes as tool in economics until 1935
ch.11: 252 n32
of results versus processes (C-I, Pts Three to Six)
ch.8-intro: 154
functional forms of capital
[a] capital unity in opposition to labour: up to C-III, Pt. Three
21§2.1: 458
[a] falling apart of unity: C-III, Pts Four to Five
21§2.1: 458
[a] overview of C-III, Pts Four to Five
21§2.1 (458-60)
[a] overview, ‘capital’ renamed as ‘industrial capital’ [IC]
21§2.1: 458
[a] overview, ‘commercial capital’ offshoot from IC
21§2.1: 458
[a] overview, ‘money capital’ [MC] offshoot from IC
21§2.1: 458-59
[a] overview, ‘money-dealing capital’ [MDC]: form of MC
21§2.1: 460
[b] overview, ‘interest-bearing capital’ [IBC]: form of MC
21§2.1: 459-60
[b] overview, ‘joint stock capital’ [JSC]: form of MC
21§2.1: 460
[c] overview, ‘functioning capital’[FGC]: counterpart of IBC and JSC
21§2.1: 460
[c] overview, restauration of unity? (cf. [a] second line)
21§2.1: 459
[d] from IC to IC and ‘money-dealing capital’ [MDC]
21§2.2 (460-61)
[d] from IC to IC and MDC: functional separation
21§2.2: 460
[d] MDC considered as ‘pure form’
21§2.2: 460
[d] MDC shares in surplus-value (average profit rate unsure)
21§2.2: 461
[e] from money to ‘interest-bearing capital’ [IBC]; counterpart: from industrial [IC] to functioning capital [FGC]
21§2.3 (461-64)
[e] IBC: money begetting money: sublimation of capital
21§2.3: 462
[e] IBC: share in surplus-value [SV]
21§2.3: 462
[e] IBC: share in SV, leaving for FGC ‘profit of enterprise’
21§2.3: 462
[e] relation IBC versus FGC: IBC dominant weight?
21§2.3: 463
[e] profit of enterprise: conceived as entrepreneurial labour
21§2.3: 464
[f] fluctuation of interest rate over the cycle of production
21§2.4: 465-66
[g] Joint stock capital (JSC) and management of enterprise
21§2.5 (466-67)
[g] joint stock capital [JSC] as developed form of IBC
21§2.5: 466
[g] JSC: transforms functioning capitalist into mere manager
21§2.5: 466
[g] JSC: transposition: complete sublimation of capital
21§2.5: 467
[g] profit: ideas of profit along with differentiation of capital
21§2.6 (467-68)
[h] JSC and transition: Marx’s rare over-optimism
21§2.8: 469
[i] money capital [MC] and finance capital [FC] (reconstruction)
21§2.7 (468-69)
[i] factions of FC: IBC and JSC
21§2.7: 468
[i] banks: legally granted to create credit money
21§2.7: 469
[i] ‘finance capital’ and ‘managerial capital’ (reconstruction)
21§2.8 (469-71)
[i] ‘managerial capital’ delineated: economic ownership
21§2.8: 469-70
[i] legal versus economic ownership of shareholders
21§2.8: 470
[i] managers as functioning capitalists
21§2.8: 470
[i] shareholders’ concern: share price
21§2.8: 470
[k] summary and (reconstructive) conclusions
21§2.9 (471-73)
[l] conclusion (1): capital’s unity-in-opposition to labour
21§2.9: 472
[l] conclusion (2): capital factions internally opposed
21§2.9: 472-73
see also: ‘profit rate tendency: concretisation’
future society in Capital
of 2,200 pages 5 refer in passing to some future society
ch.1: 16; ch.17, Appendix 2: 387
term ‘communism’ mentioned in five footnotes
ch.1: 16
growth of capital
see: ‘accumulation of capital’
see also: ‘profit rate, tendential manifestation’ sub ‘cyclical development’
historical materialism
delineated
1§3.1 (19-20); ch.4: 69-70
historical materialism and systematic-dialectics
5§2.6 (90-91)
see also: ‘systematic-dialectics’
immanent critique
see: ‘critique versus criticism’
industrial and finance capital
conflict between industrial (IC) and finance capital (FC)
20§6.2 (442-44)
conflict in times of inflation as (partly) imposed on FC
20§6.2: 442
conflict in times of inflation different for banks and other FC
20§6.2: 442
conflict in times of inflation: banks’ substitution of short for long lending
20§6.2: 442
conflict in times of inflation: other FC declines bonds finance
20§6.2: 442
non-bank FC bonds decline affects banks’ risk
20§6.2: 442
see also: ‘inflation, price inflation’
inflation: price inflation
in face of failure of enterprises (industrial capitals)
20§1: 435
pseudo-social validation
20§1: 436
reversed (possibly) into physical expansion
20§6.1 (442)
see also: ‘industrial and finance capital’
interaction of capitals
inter-branch interaction
18§2.1 (393)
intra-branch interaction
18§2.1 (393)
intra-branch interaction, resulting in stratification of capitals
18§2.2 (393-94)
see also: ‘stratification of capital’
interpretation of Capital
main kinds of: exegetic, historiographic, heuristic
6§2.1 (112)
method-related interpretations of Marx’s Capital
1§3 (19-25)
see also: ‘reconstruction’
investment of capital
see: ‘accumulation of capital’
labour
complex (empowered) and simple labour [in C-I, Pt One]
2§2.1-d (45-46); 15§3.5 (321-22)
complex to simple labour reduction never operationalised
2§2.1-d: 46
empowered labour (identical to potentiated) [in C-I, Pt Four]
2§3.1-b (49-51); 15§3.2 (316-19)
intensity of labour [C-I, Pt Four]
2§3.1-a (48-49); 15§3.3 (319-20)
labour creates value (it is not itself value)
2§2.1-e: (46-47); 6§2.1: 119; 15§1: 310
potentiated labour (identical to empowered labour; see above)
productive power(s) of labour [C-I, Pt One]
2§2.1-c (44)
socially necessary labour-time [C-I, Pt One]
2§2.1-b (43-44)
see also: ‘abstract labour’
see also: ‘labour embodied’
labour embodied
abstract-labour-embodied (in C-I, ch.1)
6§3.2-B and 6§3.3 (118-20)
abstract-labour-embodied (problems of)
6§4.2 (123-25)
concrete-labour-embodied
6§4.2-A (123)
substance of value in labour-embodied theories
6§4.2-C (124-25)
see also: ‘abstract labour’
labour shortage: cyclical
not posited by Marx as an explanation of cycles
ch.9: 200
labour theory of value
phrase never used in Capital
ch.2-intro: 38
labour value(s)
phrase never used in Capital
2§2.3 (48)
macroeconomic foundations of micro
ch.10: 212
macroeconomics, Marx’s
macroeconomics ‘avant la lettre’ (C-I, Pt Seven; C-II, Pt Three)
ch.12 (260-63)
Marx’s averages account in most of C-I: no macroeconomics
2§1.6 (41-42)
Marx’s macro account at the C-III Pt, Three level
20§3: 437
see also: ‘reproduction schemes C-II’ sub ‘[a] construction of a macroeconomics’
manifestation (title C-III)
title C-III: in Marx’s ms. versus Engels’s version
2§4-intro: 52
Marx
brief sketch of his life
1§1 (16-17)
Marx as continuous critic of Marx
2§1.5 (41)
Marx’s Capital (general)
aim of
2§1.1 (39-40)
cursory survey of Capital (systematic structure C-I to C-III)
1§4 (25-31)
cursory survey of C-II
10§2 (213-14)
cursory survey of C-III
13§2.3 (275-78)
historical order of writings of and for
2§1.4 (40-41)
historical order of publications affects interpretation
1§2: (17-19)
interconnection of C-I and C-II
10§1 (208-12)
interconnection of C-I, C-II and C-III
13§2.2 (274-75)
internet links (MECW; MEGA; MEW; MIA)
ch.2: 59
paradigmatic break; see: ‘paradigmatic break (Marx)’
research draft status of manuscripts for C-II and C-III
ch.1: 22; 11§1: 221; 13§1 (269-73)
see also: Marx’s method in Capital
Marx’s method in Capital
averages account [in most of C-I]
2§1.6: (41-42); 15§3.1: 314-15; 15§3.2: 319
averages: deviation from averages in C-I, Pt Four
2§3.1 (48-51)
finding of endogenous dimensional reference points
8§1.1: 157
method-related interpretations of Capital
1§3 (19-25)
see also: ‘abstraction’ sub ‘levels of abstraction’
see also: ‘dialectic’ sub ‘Marx’s: general overview’
see also: ‘formalisations in Capital’
see also: ‘moment (expositional)’
see also: ‘systematic-dialectics’
see also (regarding (non-)averages in C-I): ‘transformation of C-III, Pt Two’, the entries [c] starting with C-I account
metamorphoses
of forms of capital (prior to functional forms C-III)
ch.10: 211, 213
in face of functional forms of capital (C-III, Pts Four to Five)
21§2.1: 458-59; 21§2.2: 461
see also: ‘functional forms of capital’
metaphors
as borrowed from natural sciences
ch.6-intro: 108; ch.6: 119
at the beginning of Marx’s Capital
6§3.3: 119
of embodiment and substance
6§3.3: 119; 6§4.2-C (124-25)
microeconomic foundations
see: ‘profit rate, tendency: micro foundation’
moment (expositional)
defined
ch.5: 82 n.16; ch.6: 111; ch.9: 185
interconnection of moments
ch.5: 81-82, 99
monetary dimension
2§2.3 (48); 7§1.3: 139 (and 139 n.8)
see also: ‘money’
money
actual measure of value
2§2.2 (47-48)
form of money (C-I ch.1); systemic existence (C-I ch.3)
7§1.1 (137)
hypostasisation of money (price-form void of value)
7§3.4 (148)
ideal (or imaginary) money
7§3.3 (147-48)
imaginary measurement by imaginary money
7§3.4 (148)
inverse quantity theory of money
7§3.4: 147 n.20
money measure compared with non-economic measures
7§2.1 (140-42)
money of account, imaginary money
7§3.3 (147-48)
money’s measure versus standards of price
7§3.2: 145-46
value: no existence without money
7§1.3 (138-39)
see also: ‘commodity money’
see also: ‘credit money’
naturalism
naturalism versus scientism
16§1.2: 342
naturalistic as against socio-historical concepts
1§3.3 (21)
naturalistic labour-embodied theory of value
ch.5: 92, 97
naturalistic view of history in Marx’s Grundrisse (apparently)
ch.19-intro: 414
naturalistic view of history left behind in Capital
ch.19-intro: 414; 19§4: 424
see also: ‘paradigmatic break (Marx)’
over-accumulation of capital
tendency towards
18§4.1 (396)
see also: ‘capital composition: rising’ sub ‘tendency to rising capital composition’
OCC
abbreviation for: organic composition of capital
ch.9: 193-94
paradigmatic break (Marx)
inevitable inconsistency of
ch.5: 98; 13§1: 271
language problems of
2§1.2 (40); ch.5: 98; 13§1: 271
path-breaking publication and change of views: lag between
ch.1: 18-19
pre-commensuration
see: ‘commensuration’
pre-validation of production
by banks’ issue of ex-nihilo-created credit money
20§1: 434-35
lever to capital accumulation
20§1: 435
requires expansion of other capitals
20§1: 435
see also: ‘validation’
prices of production
in 1864–65 manuscript for C-III
2§4.1 (52-54)
reconstruction in face of the later written final version C-I
2§5.2 (54-56)
reconstruction: philological puzzles of
2§5.3 (56-58)
see also (extended): ‘transformation of C-III, Pt Two’
production in Capital
production of capital rather than commodity production
ch.10: 209-10
production of capital
dimensions of
8§1.1: 155-57
how capital ‘produces’; how labour produces capital
8§1.2: 160
unity of labour process and valorisation process
8§1.1: 156
value-form of production
8§1.1: 156-57
see also: ‘valorisation’
production process (capitalist)
see: ‘production of capital’
productive power of labour
see: ‘labour’ sub ‘productive power(s) of labour’
see: ‘surplus-value’ sub ‘relative surplus-value’
profit rate
connecting monetary dimension and time dimension
8§1.1: 157
rate of profit: the measure of capital
8§1.1: 157
see also: ‘profit rate – tendency law of’
see also: ‘profit rate – tendential manifestation’
see also: ‘profit rate tend.: Marx’s manuscripts’
profit rate – fall
in 19th cent. mainstream economics
ch.18-intro: 316-17
in Smith and Ricardo
19§1: 415; 19§2: 418-19
profit rate – tendency law of
C-III, Pt Three: ‘law of the tendential fall in the rate of profit’
(see below)
delineation: focus on the notion of ‘tendency’ in the text
16§2 (346-58); 16§3.1 (358-59)
delineation: focus on trend versus cycle interpretation C-III
17§1 (367-72); 21§1.1 (450-52)
delineation: focus on trend versus cycle interpretation of ms.
17§2 (372-78); 21§1.2 (450-52)
interpretation: ‘trend’ dominant until last quarters 20th cent.
ch.17-intro: 366
interpretation: methodological and other problems for
ch.17-intro: 366-67
microeconomic foundation of the law, see: ‘profit rate, tendency: micro foundation’
relevant ‘stylised facts’ around 1865 (relevant for the law)
ch.20-intro: 432-33
relevant stylised facts in 2nd half 20th century
ch.20-intro: 433
interpretation: received view in text books: trend fall
17§1.1 (367-70)
interpretation: rival view: cyclical development
17§1.2 (370-71)
interpretational perspective of ms. (1864–65) for C-III (outline ms.)
17§2 (372-77)
see also: ‘capital composition: rising’
see also: ‘over-accumulation of capital’ sub ‘tendency towards’
see also: ‘profit rate – tendential manifestation’
see also: ‘profit rate tend.: Marx’s manuscripts’
see also: ‘profit rate tendency: concretisation’
see also: ‘profit rate, tendency: micro foundation’
see also: ‘tendency’
profit rate – tendential manifestation
cyclical development
16§2.4: 357-58; 16§3.1 (358-59)
see also: ‘profit rate, tendency: micro foundation sub ‘waves …’
profit rate tend.: Marx’s manuscripts
C-III, Pt Three ms. (1864–65) compared with Engels’s 1894
ch.17 Annex 1 (378-81)
C-III, Pt Three ms. (1864–65) compared with 1857–58 ms.
ch.17 Annex 2: 381-83
C-III, Pt Three ms. (1864–65) compared with 1861–63 ms.
ch.17 Annex 2: 383-86
evolution of Marx’s views from 1857 to 1865
ch.17 Annex 2: 386-87; 19§5 (425-26)
in manuscript of 1857–58 (Grundrisse)
19§1-§2 (415-19)
in manuscript of 1861–63
19§3 (420-22)
in the manuscript for C-III, Pt Three (1864–65)
19§4 (422-25)
see also: ‘breakdown / overthrow of capitalism’
see also: ‘profit rate – tendency law of’
profit rate tendency: concretisation
concretisation in light of ‘functional forms of capital’ (C-III): reconstruction
21§3 (473-83)
concretisation of C-III Pt Four: commercial capital
21§3.1 (473-76)
concretisation of C-III Pt Four: money-dealing capital
21§3.1 (473-76)
concretisation of C-III Pt Five in context of TRPF
21§3.2 (476-80)
internal separation of capital: finance and managerial capital
21§3.2: 476
Marx brackets price deflation and inflation
21§3.2: 477
monetary regime (1): deflationary
21§3.2-A (477-80)
monetary regime (1): deflationary; devalorisation and devaluation of capital
21§3.2-A: 477-78
monetary regime (1): deflationary; power capital factions
21§3.2-A: 480
monetary regime (2): inflationary
21§3.2-B (480-82)
monetary regime (2): inflationary; capital revaluation
21§3.2-B: 480-81
monetary regime (2): inflationary; power capital factions
21§3.2-B: 481-82
monetary regime (3): moderate inflation; balance of power
21§3.2-C (482-83)
monetary regime (3): moderate inflation; real wages pressure
21§3.2-C: 482-83
summary and conclusions
ch.21: 483-84
see also: ‘functional forms of capital’
see also: ‘profit rate – tendency law of’
profit rate, tendency: micro foundation
alleged lack of microeconomic foundations (Okishio & co.)
18§5 (399-400); 20§3 (437-39)
existing foundations, introduction
ch.18-intro: 392; 20§3 (437-39)
foundation in stratification and devalorisation of capital
18§6 (400-03); 20§4 (439-40)
foundation in stratification and devaluation of capital
18§7 (403-05); 20§4 (439-40)
foundations of devalorisation/devaluation: accounting
18§7: 404; 20§4: 439-40
possibly resulting in restructuring and centralisation of capital
18§8 (405-06)
waves/cycles of centralisation of capital
18§8: 406
see also: ‘stratification of capital’
pseudo-social validation
20§1: 436
see also: ‘validation’
rate of profit
see: ‘profit rate’
real abstraction
see: ‘abstraction’ sub ‘abstraction in practice’
reconstruction
facing paradigmatic break problems
2§1.2 (40)
facing Marx being a continuous critic of Marx
2§1.5 (41)
reconstruction delivered as an interpretation
ch.5: 94-96, 98
immanent reconstruction
ch.8-intro: 154
reconstruction versus interpretation summarised
13§1: 271-72
see also: ‘interpretation of Capital’
see also: ‘paradigmatic break (Marx)’
references: general to Marx’s works
weblinks to MECW, MEGA, MEW and MIA
ch.2: 59
reproduction schemes C-II
[a] assumptions for all reproduction models/schemes
2§2.1-2§2.2: 225-27
[a] construction of a macroeconomics
11§2.1 (223-27); 11§4.1 (252-53)
[a] construction of a two-sector macroeconomic model
11§2.2–§2.3 (223-29)
[a] cursory outline of C-II, Pt Three
11§1 (221-23)
[a] money circulation within and between departments
11§2.6 (233-34)
[a] money circulation: Marx’s ‘widow’s cruse’ argument
11§2.6 (233-34)
[a] numerical versus generalised schemes/models (numerical common tool in economics until 1935)
ch.11: 252 n.32
[a] systematic-dialectics and M’s schemes: compatibility
11§4.2 (253-56)
[a] terms scheme and model for C-II, Pt Three
11§1: 223
[a] terms scheme and model in mainstream economics
12§2: 264
[a] see also: ‘macroeconomics, Marx’s’
[b] assumptions for simple reproduction (next to those of the 1st sub-lemma)
11§2.3 (228-29)
[b] simple (stationary) reproduction: scheme
11§2.4 (229-31)
[b] simple (stationary) reproduction: value-added
11§2.5 (231-33)
[b] simple reproduction and fixed capital
11§2.7 (234)
[c] assumptions for expanding reproduction (growth)
11§3.1 (235-37); 11§3.2: 237
[c] expanding reproduction: accidental balance
11§3.1: 236-37
[c] expanding reproduction: formal recapitulation
11§3.3 (248-51)
[c] expanding reproduction: reconstructive method of steady state transitions
11§3.2: 237-240
[c] expanding reproduction: schemata
11§3.2: 240-48
[c] expanding reproduction: scheme B: increased growth
11§3.2: 240-47
[c] expanding reproduction: scheme C: decreased growth
11§3.2: 247-48
restructuring of capital
general account
ch.17: 377-78; 18§8 (405-06); 20§5.1 (440-41); 21§3.2: 477
local restructuring, condition for credit renewal by banks
20§6.1 (442)
restructuring in face of continual inflation
20§6.2: 444
see also (for second entry): ‘pre-validation of production’
revaluation of capital
20§6.2 (442-44); 21§3.2: 480-81
see also: ‘devalorisation of capital’
see also: ‘devaluation of capital’
schemes of reproduction C-II
see: ‘reproduction schemes C-II’
stratification of capital
defined
18§2.2 (393-94); 20§3: 437-38
expressed in differing money expressions of labour
18§3 (394-95)
expressed in differing rates of profit
18§6 (400-03)
range of stratification
18§8 (405-06); 20§5.2 (441)
range of stratification and banks facilitation to move to top
20§6.1 (442)
see also: ‘profit rate, tendency: micro foundation’
surplus-value
absolute and relative surplus-value: explanatory factors
8§1.2: 161
absolute and relative surplus-value: overview
8§1.2: 161
absolute surplus-value: determinants of
8§2.1 (161-66)
rate of surplus-value
8§2.1 (161-66)
rate of surplus-value: reconstruction technological trajectories
8§2.3 (168-72)
relative surplus-value: determinants of
8§2.2 (166-68); 8§2.4 (172-76)
see also: ‘transformation of C-III, Pt Two’ sub ‘[c] C-I account of inter-sector diverging rates of surplus-value’
systematic-dialectics
general account
1§3.5 (23-25); 5§2.2-2.6 (81-91); 6§1 (109-12)
research stages and their starting points
5§2.4 (84-86)
systematic starting point of Capital (its exposition)
6§3.1 (115-16)
see also (brief): ‘dialectic’
see also: ‘abstraction’ sub ‘levels of abstraction’
see also: ‘abstraction’ sub ‘levels of abstraction: claims to general truth’
see also: ‘historical materialism’ sub ‘historical materialism and systematic-dialectics’
see also: ‘moment (expositional)’
TCC
abbreviation for: technical composition of capital
ch.9: 193
technical change
see: ‘capital composition: general’
see: ‘capital composition: rising’
see: ‘labour’ sub ‘productive power(s) of labour [C-I, Pt One]’
technical change, labour expelling
at continual inflation ‘structural’ rather than crisis-cyclical
20§6.2: 444
technology and technique
the product of labour and labour only
15§4.2: 326; 15§4.3: 327
tendency
20th cent. disappearance of concept in economics’ mainstream
ch.16-intro: 338
delineation tendential powers, effects and phenomenal results
16§1.3 (342-46)
Marx’s concept of: case of the law of profits (C-III, Pt Three)
16§2 (346-58)
tendency laws and empirical research
16§3.2 (360-61)
tendency versus trend
16§1.1: 338; 18§2.3 (394)
see also: ‘profit rate – tendency law of’
see also: ‘profit rate – tendential manifestation’
see also: ‘over-accumulation of capital, tendency towards’
tendency: other authors on
Bhaskar 1975, 1979: laws are always tendential
16§1.2 (340-42)
Cartwright 1989: merit ‘tendency’ for explanation generally
ch.16-intro: 338n
Lawson 1989, 1992: tendencies-based empirical research
16§3.2: 360
Marshall 1890: nearly all laws of science are tendential
ch.16-intro: 338
Mill (J.S.) 1836: common reference for writings on tendency
16§1.3: 342
Popper 1957, mixing up tendency and trend
16§1.1: 339
transformation of C-III, Pt Two
[a] general matters
[a] Engels’s edition from M’s research manuscript 1864–65
14§1 (284); 14§4.4: 300
[a] overview and appraisal of the C-III Pt Two manuscript
14§4.1 (294-96)
[a] Marxian transformation problem
ch.15-intro: 306-07
[b] methodological account
[b] appraisal hinges on view of method adopted by Marx
ch.14-intro: 283
[b] formalisation of alternative interpretations of method
14§3 (285-94)
[b] main concepts and definitions
14§3.1 (285-87)
[b] method of concretion at C-I level
14§3.2 (287-88)
[b] method of concretion at C-III level
14§3.3 (288-90)
[b] method of completion at C-I level
14§3.4 (290-91)
[b] method of completion at C-III level
14§3.5 (291-93)
[b] methods of concretion and completion: conclusions
14§3.6 (293-94)
[b] method of concretion: better interpretation of C-I (1867)
14§3.6: 293
[b] method of completion: better interpretation of C-III ms. (1864–65)
14§3.6: 293
[b] most post-Marx solutions methodologically inconsistent
14§3.6: 294
[c] historiographic account
[c] introduction
ch.15-intro (306-09)
[c] introduction: Marx’s method and value dimensions
15§1 (309-11)
[c] introduction: stages account, claims to general truth
15§1: 309
[c] introduction: standard critique of Marx’s transformation
15§2: 312-13
[c] C-I account: changes in intra-sector productive powers
15§3.1 (point 4) 314-15
[c] C-I account: degree of value-generating labour density
15§3.3 (319-20)
[c] C-I account: degree of value-generating labour-potency (empowerment)
15§3.2 (316-19)
[c] C-I account of inter-sector diverging rates of surplus-value
15§3.2 (316-19)
[c] C-I ‘s diverging rates of surplus-value: conclusions
15§3.6 (322-25)
[c] potentiated (empowered) labour in C-I, ch.1
15§3.5 (321-22)
[c] return to the matter in a 1878 ms.: diverging rates of surplus-value
2§5.3: 57-58; 14§5 (300-01)
[c] see also (brief account): ‘prices of production’
[c] see also: ‘labour’
[d] Marx-immanent reconstruction
[d] introduction
ch.15-intro: 307; 15§4.1 (324-25)
[d] main elements of reconstruction
15§4.2 (325-26)
[d] reconstruction: core analytics of
ch.15 Appendix (329-33)
[d] reconstruction: implications
15§4.3 (326-27)
[d] see also (brief account): ‘prices of production’
transubstantiation
ch.6: 116, 124; 7§3: 146
TRPF (also TFRP)
abbreviation of ‘theory of the tendency of the rate of profit to fall’; see: ‘profit rate – tendency law of’
TRPC
abbreviation of ‘theory of the rate of profit cycle’
19§4: 425; 21§1.1: 450
underconsumption: cyclical
not posited by Marx as an explanation of cycles
ch.9-intro: 182
unemployment
condition necessary for continuous accumulation of capital
ch.9: 183
in context of accumulation of capital
18§4.1: 396
in various other contexts (most often cyclical)
16§2.2 (point 4): 355; 20§5.1: 440; 20§6.2: 444
term not existing in Marx’s days, hence not used by Marx
ch.9: 197; ch.12: 262
validation
similar to sale of output (realisation)
18§2.1: 393; 18§3: 395
see also: ‘pre-validation of production’
valorisation
8§1.1: 156, 156n5, 158-59; 8§1.2: 159-60; 8§2.1: 162-63; 18§1: 392-93
see also ‘devalorisation of capital’
value
creation of value by labour (labour is not itself value)
2§2.1-e (46-47); ch.6: 119; 15§1 (point 3): 310
dimension of value, see ‘monetary dimension’
entity existing prior to exchange?
ch.6: 118-19
entity existing prior to exchange? see also ‘commensuration’
explanation of monetary value by labour-time
2§2.1-e (46-47); 2§2.3 (48); 8§1.1: 156-57
inner and outer moments: inseparable
7§1.2 (137-38)
introversive substance and extroversive form
7§1.3 (138-39)
Marx’s conceptualisation of value
ch.2: passim
no dual account systems of value (reconstruction)
ch.15-intro: 307; 15§4.3: 327
static and dynamic conceptualisation of value in Capital-I
2§2.1 (42-47); 2§3.1 (48-51)
substance of value, in labour-embodied theories
6§4.2-C (124-25); 6§4.4: 127
value no existence without money
7§1.2 (137-38); 7§1.3 (138-39)
see also: ‘dimensions in Capital’
see also: ‘monetary dimension’
see also: ‘money’
see also: ‘transformation of C-III, Pt Two’ sub ‘[c] historiographic account’
see also: ‘valorisation’
value-form
in C-I, ch.1
6§3.4 (120-22)
term only sporadically used by Marx after C-I, ch.1
7§1.3: 139
value-form theory
regarding the individual circuit of capital
1§3.4 (21-22); 8§1.1: 156
VCC
abbreviation for: value composition of capital
ch.9: 193; 18§4.2: 397-98
see also: ‘capital composition: general’