New PDF release: An Introduction to the Three Volumes of Karl Marx’s Capital

By Michael Heinrich

ISBN-10: 1583672885

ISBN-13: 9781583672884

The worldwide fiscal challenge and recession that begun in 2008 had a minimum of one unforeseen final result: a surge in revenues of Karl Marx’s Capital. even supposing mainstream economists and commentators as soon as pushed aside Marx’s paintings as superseded and unsuitable, a few are begrudgingly acknowledging an research that sees capitalism as inherently risky. and naturally, there are these, like Michael Heinrich, who've noticeable the price of Marx all alongside, and are in a different place to provide an explanation for the intricacies of Marx’s thought.

Heinrich’s smooth interpretation of Capital is now to be had to English-speaking readers for the 1st time. It has undergone 9 variants in Germany, is the traditional paintings for Marxist examine teams, and is used largely in German universities. the writer systematically covers all 3 volumes of Capital and explains all of the uncomplicated features of Marx’s critique of capitalism in a fashion that's transparent and concise. He presents heritage details at the highbrow and political milieu within which Marx labored, and appears at an important matters past the scope of Capital, reminiscent of classification fight, the connection among capital and the nation, accusations of historic determinism, and Marx’s realizing of communism. Uniquely, Heinrich emphasizes the financial personality of Marx’s paintings, as well as the conventional emphasis at the exertions idea of price, therefore highlighting the relevance of Capital to the age of economic explosions and implosions.

“I listen from many of us who’d like to learn Capital, yet locate the item virtually prohibitively daunting. Michael Heinrich has written a great little creation to Marx’s masterpiece. between its many virtues is that it takes funds and finance heavily, which many Marxists don’t. yet whether you’ve learn plenty of Marx, you can actually examine much by way of analyzing this book.” —Doug Henwood, editor, Left enterprise Observer

“Whether one is a ‘traditional world-view Marxist’ like myself, or a pupil who desires to comprehend this global we are living in, or an activist who's devoted to altering it, Michael Heinrich’s succinct, lucid, compelling precis of the 3 volumes of Marx’s Capital is a ‘must-read’ in our time of crisis.” —Paul LeBlanc, professor of heritage, los angeles Roche collage; writer, From Marx to Gramsci and Marx, Lenin and the innovative Experience

“The top advent to Capital i've got learn. Heinrich has performed the realm of Marx scholarship a good carrier. In offering Marx’s critique of the total constitution of capitalism, Heinrich manages to be finished, deep, and transparent whilst. whereas creating a huge enhance in reading Marx, he makes this ebook obtainable to readers who're fairly strange with Marx.” —Michael Perelman, professor of economics, California nation collage, Chico; writer, The Invisible Handcuffs of Capitalism and The Confiscation of yankee Prosperity

“A very good presentation of Marx’s Capital—it will be tough to visualize a extra well timed booklet. a person who suggestion Marx used to be beside the point to today’s move wishes in basic terms to learn this booklet to work out issues another way. even if humans describe themselves as anarchists or socialists, we all can reap the benefits of knowing what Marx truly wrote. needs to studying for everybody within the Occupy stream and for everybody who desires to comprehend social kinfolk in modern capitalist societies.” —Paddy fast, member, Union for Radical Political Economics; St. Francis College

“This is probably going the easiest brief advent to Marx’s Capital to ever seem in English. Michael Heinrich succeeds in offering the readers with a transparent and profound knowing of the center of the Marxian critique of political economic climate, because of his deep wisdom of the serious version of Marx and Engels’s accrued writings and of the German debate.” —Riccardo Bellofiore, professor of economic economics and heritage of financial idea, college of Bergamo, Italy; co-editor, Re-Reading Marx: New views after the severe Edition

“A basic reinterpretation and figuring out of all significant ‘chapters’ of Marx’s thought, a lot of which which stay earlier an issue of alternative interpretations or perhaps dispute between Marxist and Non-Marxist economists and, extra regularly, social scientists: price thought, cash and the credits method, the ‘falling fee of profit,’ fiscal cycles and crises, and the circuit of social capital … a big publication for all these trying to understand the workings of capitalism, but in addition for the college library and the students’ or scholars’ learn of Marx’s theory.” —John Milios, professor of economics, nationwide Technical collage of Athens, Greece

“The top and so much accomplished advent to Marx’s Capital there's. it really is written in a so much obtainable kind and gives an admirably transparent clarification of advanced rules. unlike different Introductions to Marx’s Capital, it bargains a cosmopolitan statement on all 3 volumes of Capital, offers a good severe remark at the secondary literature, and contains pertinent case reports to demonstrate the modern relevance of Capital, together with an excursus on anti-Semitism, globalization, and imperialism. Its scholarly therapy of Capital is straight away available, entire and modern. i don't comprehend of any greater creation to Capital for undergraduate scholars and non-specialist readers.” —Werner Bonefeld, division of Politics, college of York

“In purely 220 pages the writer achieves a precis of the 3 volumes of Capital: explaining the relationship among hard work, commodities, and funds, how surplus price arises, what capital is, the function of banks and inventory exchanges, and from the place crises come up. along this he manages to slot in the background of Marxism, demystify the ambiguous time period dialectic, and throw in a last bankruptcy at the function of the kingdom in capitalism, all of the whereas refuting universal error concerning the Marxian corpus.” —Stephan Kaufmann, Berliner Zeitung

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Http://booksandjournals. brillonline. com/content/journals/10. 1163/1569206x-12341342

Author: Peter Green
Source: old Materialism, quantity 22, factor 1, pages 2 hundred – 222
Subjects: Social Sciences
Document style: ebook Review
Publication yr : 2014
DOI: 10. 1163/1569206X-12341342
ISSN: 1465-4466
E-ISSN: 1569-206X

The books less than evaluation are either edited collections of essays by way of the most critical students the world over keen on Marx’s process in Capital and comparable texts. Essays in either books percentage an emphasis at the ‘openness’ of Marx’s texts which have been largely revised either by means of Marx in his personal lifetime and within the modifying played by way of Engels. The evaluate engages severely with contributions in either volumes with appreciate to ‘value-form’ methods to Marx’s procedure. It highlights many of the ameliorations of technique among a number of the participants which aren't continuously obvious within the texts themselves.

Extra info for An Introduction to the Three Volumes of Karl Marx’s Capital

Example text

This section contends that there has been an overarching commu­ nity of interest between the bourgeoisie and subordinate classes in the core nations of the world system spanning, with only minor and I. HISTORICAL CAPITALISM AND THE DEVELOPMENT OF . 2 This relative unity has its foundation in peripheral capitalist underdevelopment. 5Corresponding to each phase is a distinct type of metropolitan chauvinism, each of which both preserves and transcends the previous (in Hegelian terms, this kind of process is referred to as aufheben, meaning “sublation”).

Thereafter a defacto united front of the workers and capitalists of the well-to-do countries, directed against the poor nations, co-exists with an in­ ternal trade-union struggle over the sharing of the loot. 94 For Lenin, writing a century ago when this process was nowhere near its mature stage, imperialism was succeeding in creating a large proportion of “straw bosses” and labour aristocrats within the core­ nation working class. “To a certain degree,” he wrote, “the workers of the oppressor nations are partners of their own bourgeoisie in plun­ dering the workers (and the mass of the population) of the oppressed 34 DIVIDED WORLD DIVIDED CLASS nations.

75. Oligopoly arises when highly concentrated corporations come to dominate entire industries; monopoly when entire indus­ tries are under the control of only one firm. 76. Petras and Cook 1973. 77. Amin 1974. 78. Samphan 1976, p. 3. 79. Barratt Brown 1974, p. 100. 80. , p. 101. NOTES TO THE INTRODUCTION 39 81. Frank 1989. 82. As Emmanuel writes: “Without this [break] North America 83. 84. 85. 86. 87. 88. 89. 90. 91. 92. 93. 94. 95. 96. ” (Emmanuel 1986, p. 93) Since socialists use the term “opportunism” to refer to the sacrifice of long term-social principle to short-term material gains, it is today an inappropriate term to use for a labour movement that has committed itself to supporting imperialist trade unions, parties and wars for well over a century.

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An Introduction to the Three Volumes of Karl Marx’s Capital by Michael Heinrich

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