Capital, Volume III

Capital, Volume III

'Capital', Volume 3, subtitled "The Process of Captialist Production as a Whole" was prepared by Friedrich Engels from notes left by Karl Marx and published in 1894. It is in seven parts [cite book|title=Capital Vol3.|isbn=0-7178-0490-9|last=Engels|first=Friedrich|publisher=International Publishers Co, Inc.|date=1967] :

# The conversion of Surplus Value into Profit and the rate of Surplus Value into the rate of Profit
# Conversion of Profit into Average Profit
# The Law of the Tendency of the Rate of Profit to Fall
# Conversion of Commodity Capital and Money Capital into Commercial Capital and Money-Dealing Capital (Merchant's Capital)
# Division of Profit Into Interest and Profit of Enterprise, Interest Bearing Capital.
# Transformation of Surplus-Profit into Ground Rent.
# Revenues and Their Sources

The work is best known today for part 3 which in summary says that as the organic fixed capital requirements of production rise as a result of advancements in production generally, the rate of profit tends to fall.

ee also

*Capital, Volume I
*Capital, Volume II

References

External links

* [http://www.marxists.org/archive/marx/works/1894-c3/index.htm Full Text]


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