Monday, 5 November 2018

Theories of Surplus Value, Part III, Index

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Theories of Surplus Value Part III


Chapter 19 Thomas Robert Malthus

[1. Malthus’s Confusion of the Categories Commodity and Capital] 



Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7,

2. Malthus’s Vulgarised View of Surplus-Value 



Part 8, Part 9, Part 10, Part 11,

3. The Row Between the Supporters of Malthus and Ricardo in the Twenties of the 19th Century. Common Features in Their Attitude to the Working Class



Part 12, Part 13

4. Malthus’s One-sided Interpretation of Smith’s Theory of Value. His Use of Smith’s Mistaken Theses in His Polemic Against Ricardo 



Part 14, Part 15,

5. Smith’s Thesis of the Invariable Value of Labour as Interpreted by Malthus 



Part 16,

6. Malthus’s Use of the Ricardian Theses of the Modification of the Law of Value in His Struggle Against the Labour Theory of Value 



Part 17, Part 18, Part 19, Part 20,

7. Malthus’s Vulgarised Definition of Value. His View of Profit as Something Added to the Price. His Polemic Against Ricardo’s Conception of the Relative Wages of Labour



Part 21, Part 22, Part 23,

8. Malthus on Productive Labour and Accumulation



9. Constant and Variable Capital [According to Malthus] 



10. Malthus’s Theory of Value [Supplementary Remarks] 



11. Over-Production, “Unproductive Consumers”, etc.



12. The Social Essence of Malthus’s Polemic Against Ricardo. Malthus’s Distortion of Sismondi’s Views on the Contradictions in Bourgeois Production] 



13. Critique of Malthus’s Conception of “Unproductive Consumers” by Supporters of Ricardo 



14. The Reactionary Role of Malthus’s Writings and Their Plagiaristic Character. Malthus’s Apologia for the Existence of “Upper” and “Lower” Classes 



15. Malthus’s Principles Expounded in the Anonymous “Outlines of Political Economy” 



Chapter 20 - Disintegration of the Ricardian School

1. [Robert Torrens] 


[a) Smith and Ricardo on the Relation Between the Average Rate of Profit and the Law of Value] 


Part 1, Part 2, Part 3,

[b) Torrens’s Confusion in Defining the Value of Labour and the Sources of Profit] 


Part 4, Part 5, Part 6, Part 7, Part 8,

[c) Torrens and the Conception of Production Costs] 


Part 9, Part 10, Part 11, Part 12, Part 13,

2. James Mill [Futile Attempts to Resolve the Contradictions of the Ricardian System] 



Part 14,

[a) Confusion of surplus-value with Profit] 


Part 15, Part 16, Part 17,

[b) Mill’s Vain Efforts to Bring the Exchange Between Capital and Labour into Harmony with the Law of Value] 


Part 18, Part 19, Part 20, Part 21, Part 22, Part 23, Part 24, Part 25,

c) Mill’s Lack of Understanding of the Regulating Role of Industrial Profit 


Part 26,

[d)] Demand, supply, Over-Production 


Part 27, Part 28, Part 29, Part 30, Part 31, Part 32, Part 33, Part 34

[e)] Prévost [Rejection of some of the Conclusions of Ricardo and James Mill. Attempts to Prove That a Constant Decrease of Profit Is Not Inevitable] 


Part 35, Part 36, Part 37, Part 38,

3. Polemical Writings 


a) [“Observations on certain Verbal Disputes”. Scepticism in Political Economy]


Part 39, Part 40, Part 41, Part 42, Part 43, Part 44, Part 45,

b) “An Inquiry into those Principles…” [The Lack of Understanding of the Contradictions of the Capitalist Mode of Production Which Cause Crises] 


Part 46, Part 47, Part 48, Part 49, Part 50, Part 51, Part 52, Part 53, Part 54,

c) Thomas De Quincey [Failure to Overcome the Real Flaws in the Ricardian Standpoint] 


Part 55,


[α) Superficial Relativism on the Part of the Author of “Observations on certain Verbal Disputes” and on the Part of Bailey in Treating the Category of Value. The Problem of the Equivalent. Rejection of the Labour Theory of Value as the Foundation of Political Economy] 


Part 56, Part 57, Part 58, Part 59, Part 60, Part 61, Part 62, Part 63, Part 64, Part 65, Part 66, Part 67, Part 68, Part 69, Part 70, Part 71, Part 72, Part 73, Part 74, Part 75, Part 76, Part 77, Part 78, Part 79, Part 80, Part 81,

[β) Confusion with Regard to Profit and the Value of Labour] 


Part 82, Part 83, Part 84, Part 85, Part 86, Part 87, Part 88, Part 89, Part 90, Part 91, Part 92, Part 93, Part 94, Part 95, Part 96, Part 97,

[γ) Confusion of Value and Price. Bailey’s Subjective Standpoint] 


Part 98, Part 99, Part 100, Part 101, Part 102, Part 103, Part 104, Part 105, Part 106, Part 107,

4. McCulloch


[a) Vulgarisation and Complete Decline of the Ricardian System under the Guise of Its Logical Completion. Cynical Apologia for Capitalist Production. Unprincipled Eclecticism] 


Part 108, Part 109, Part 110, Part 111, Part 112, Part 113, Part 114,

[b) Distortion of the Concept of Labour Through Its Extension to Processes of Nature. Confusion of Exchange-Value and Use-Value] 


Part 115, Part 116, Part 117, Part 118, Part 119, Part 120, Part 121, Part 122, Part 123,

5. Wakefield [Some Objections to Ricardo’s Theory Regarding the “Value of Labour” and Rent] 



Part 124,

6. Stirling [Vulgarised Explanation of Profit by the Interrelation of Supply and Demand]



Part 125,

7. John Stuart Mill [Unsuccessful Attempts to Deduce the Ricardian Theory of the Inverse Proportionality Between the Rate of Profit and the Level of Wages Directly from the Law of Value] 


[a) Confusion of the Rate of Surplus-value with the Rate of Profit. Elements of the Conception of “Profit upon Alienation”. Confused Conception of the “Profits Advanced” by the Capitalist] 


Part 126, Part 127, Part 128, Part 129, Part 130, Part 131, Part 132, Part 133, Part 134, Part 135, Part 136, Part 137,

[b) Apparent Variation in the Rate of Profit Where the Production of Constant Capital Is Combined with Its Working Up by a single Capitalist] 


Part 138, Part 139, Part 140, Part 141, Part 142,

[c) On the Influence a Change in the value of Constant Capital Exerts on surplus-valueProfit and Wages


Part 143, Part 144, Part 145, Part 146, Part 147, Part 148, Part 149, Part 150, Part 151, Part 152Part 153

[8. Conclusion] 



Part 153


Chapter 21 - Opposition to the Economists (Based on the Ricardian Theory)


Part 1,

1. [The Pamphlet] “The Source and Remedy of the National Difficulties” 


[a) Profit, Rent and Interest Regarded as Surplus Labour of the Workers. The Interrelation Between the Accumulation of Capital and the so-called “Labour Fund”] 



Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8, Part 9, Part 10, Part 11, Part 12, Part 13, Part 14, Part 15, Part 16

[b) On the Exchange Between Capital and Revenue in the Case of Simple Reproduction and of the Accumulation of Capital] 



Part 17, Part 18, Part 19, Part 20, Part 21, Part 22

[c) The Merits of the Author of the pamphlet and the Theoretical Confusion of His Views. The Importance of the Questions He Raises about the Role of Foreign Trade in Capitalist society and of “Free Time” as Real Wealth]


Part 23, Part 24, Part 25, Part 26, Part 27, Part 28

2. Ravenstone. [The View of Capital as the Surplus Product of the Worker. Confusion of the Antagonistic Form of Capitalist Development with Its Content. This Leads to a Negative Attitude Towards the Results of the Capitalist Development of the Productive Forces] 



Part 29, Part 30, Part 31, Part 32, Part 33, Part 34

3. Hodgskin

[a) The Thesis of the Unproductiveness of Capital as a Necessary Conclusion from Ricardo’s Theory] 



Part 35, Part 36, Part 37, Part 38, Part 39, Part 40

[b) Polemic against the Ricardian Definition of Capital as Accumulated Labour. The Concept of Coexisting Labour. Underestimation of the Importance of Materialised Past Labour. Available Wealth in Relation to the Movement of Production] 



Part 41, Part 42, Part 43, Part 44, Part 45, Part 46, Part 47, Part 48, Part 49, Part 50, Part 51

[c)] So-called Accumulation as a Mere Phenomenon of Circulation. (Stock, etc.—Circulation Reservoirs) 



Part 52, Part 53, Part 54, Part 55, Part 56, Part 57, Part 58, Part 59, Part 60, Part 61

d) Hodgskin’s Polemic Against the conception that the Capitalists “store Up” Means of Subsistence for the Workers. His Failure to Understand the Real causes of the Fetishism of Capital] 



Part 62, Part 63, Part 64, Part 65, Part 66

[e)] Compound Interest: Fall in the Rate of Profit Based on This 



Part 67, Part 68, Part 69, Part 70, Part 71, Part 72, Part 73, Part 74, Part 75, Part 76, Part 77, Part 78, Part 79, Part 80, Part 81,

[f) Hodgskin on the Social Character of Labour and on the Relation of Capital to Labour] 



Part 82, Part 83,

[g) Hodgskin’s Basic Propositions as Formulated in His Book—”Popular Political Economy”] 



Part 84, Part 85

[h) Hodgskin on the Power of Capital and on the Upheaval in the Right of Property]


Part 85

[4.] Bray as an Opponent of the Economists


Part 86, Part 87, Part 88

Chapter 22 - Ramsay


[1. The Attempt to Distinguish Between Constant and Variable Capital. The View that Capital Is Not an Essential Social Form]


Part 1, Part 2

[2. Ramsay’s Views on Surplus-Value and on Value. Reduction of Surplus-Value to Profit. The Influence Which Changes in the Value of Constant and Variable Capital Exert on the Rate and Amount of Profit]


Part 3, Part 4, Part 5, Part 6, Part 7, Part 8, Part 9, Part 10, Part 11, Part 12, Part 13, Part 14, Part 15, Part 16, Part 17, Part 18, Part 19, Part 20, Part 21, Part 22, Part 23, Part 24

[3. Ramsay on the Division of “Gross Profit” into “Net Profit” (Interest) and “Profit of Enterprise”. Apologetic Elements in His Views on the “Labour of superintendence”, “Insurance Covering the Risk Involved” and “Excess Profit”]


Part 25, Part 26, Part 27, Part 28

Chapter 23 - Cherbuliez

[1. Distinction Between Two Parts of Capital—the Part Consisting of Machinery and Raw Materials and the Part Consisting of “Means of Subsistence” for the Workers]


Part 1, Part 2

[2. On the Progressive Decline in the Number of Workers in Relation to the Amount of Constant Capital]


Part 3, Part 4, Part 5, Part 6, Part 7

[3. Cherbuliez’s Inkling that the Organic Composition of Capital Is Decisive for the Rate of Profit. His Confusion on This Question. Cherbuliez on the “Law of Appropriation” in Capitalist Economy]


Part 8, Part 9, Part 10, Part 11, Part 12, Part 13, Part 14, Part 15, Part 16, Part 17

[4. On Accumulation as Extended Reproduction]


Part 18, Part 19Part 20

[5. Elements of Sismondism in Cherbuliez. On the Organic Composition of Capital Fixed and Circulating Capital]


Part 21, Part 22, Part 23, Part 24, Part 25, Part 26, Part 27, Part 28, Part 29, Part 30, Part 31, Part 32, Part 33

[6. Cherbuliez Eclectically Combines Mutually Exclusive Propositions of Ricardo and Sismondi]

Part 34, Part 35

Chapter 24 - Richard Jones

1. Reverend Richard Jones, “An Essay on the Distribution of Wealth, and on the Sources of Taxation,” London, 1831, Part I, Rent [Elements of a Historical Interpretation of Rent. Jones’s Superiority over Ricardo in particular Questions of the Theory of Rent and His Mistakes in This Field]


Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8, Part 9, Part 10, Part 11, Part 12, Part 13, Part 14, Part 15

2. Richard Jones, “An Introductory Lecture on Political Economy etc.” [The Concept of the “Economical Structure of Nations”. Jones’s Confusion with regard to the “Labour Fund”]


Part 16, Part 17, Part 18, Part 19, Part 20, Part 21, Part 22

3. Richard Jones, “Text-book of Lectures on the Political Economy of Nations”, Hertford, 1852


[a) Jones’s Views Of Capital and the Problem of Productive and Unproductive Labour]

Part 23, Part 24, Part 25, Part 26, Part 27, Part 28, Part 29, Part 30, Part 31, Part 32, Part 33, Part 34

[b) Jones on the Influence Which the Capitalist Mode of Production Exerts on the Development of the Productive Forces. Concerning the Conditions for the Applicability of Additional Fixed Capital]

Part 35, Part 36, Part 37, Part 38, Part 39, Part 40, Part 41, Part 42, Part 43, Part 44, Part 45

[c) Jones on Accumulation and Rate of Profit. On the Source of Surplus-value]


[1.] The Development of Interest-Bearing Capital on the Basis of Capitalist Production. [Transformation of the Relations of the Capitalist Mode of Production into a Fetish. Interest-Bearing Capital as the Clearest Expression of This Fetish. The Vulgar Economists and the Vulgar Socialists Regarding Interest on Capital]


Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8, Part 9, Part 10, Part 11, Part 12, Part 13, Part 14, Part 15, Part 16

[2.] Interest-Bearing Capital and Commercial Capital in Relation to Industrial Capital. Older Forms. Derived Forms


Part 17, Part 18, Part 19, Part 20, Part 21

[3. The Separation of Individual Parts of Surplus-Value in the Form of Different Revenues. The Relation of Interest to Industrial Profit. The Irrationality of the Fetishised Forms of Revenue]


Part 22, Part 23, Part 24, Part 25, Part 26, Part 27, Part 28, Part 29, Part 30

[4. The Process of Ossification of the Converted Forms of Surplus-Value and Their Ever Greater Separation from Their Inner Substance—Surplus Labour. Industrial Profit as “Wages for the Capitalist”]


Part 31, Part 32, Part 33, Part 34, Part 35, Part 36, Part 37, Part 38, Part 39, Part 40, Part 41, Part 42, Part 43, Part 44, Part 45, Part 46, Part 47, Part 48

[5. Essential Difference Between Classical and Vulgar Economy. Interest and Rent as Constituent Elements of the Market Price of Commodities. Vulgar Economists Attempt to Give the Irrational Forms of Interest and Rent a Semblance of Rationality]


Part 49, Part 50, Part 51, Part 52, Part 53, Part 54, Part 55, Part 56, Part 57, Part 58, Part 59, Part 60, Part 61, Part 62, Part 63, Part 64, Part 65, Part 66, Part 67

[6. The Struggle of Vulgar Socialism Against Interest (Proudhon). Failure to Understand the Inner Connection Between Interest and the System of Wage-Labour]


Part 68, Part 69, Part 70, Part 71, Part 72

[7. Historical Background to the Problem of Interest. Luther’s Polemic Against Interest Is Superior to That of Proudhon. The Concept of Interest Changes as a Result of the Evolution of Capitalist Relations]


Part 73, Part 74, Part 75, Part 76, Part 77, Part 78, Part 79, Part 80


Part II               Main Index              Epilogue