Capital, Volume II

Capital, Volume II

"Capital", Volume 2, subtitled "The Process of Circulation of Capital" was prepared by Friedrich Engels from notes left by Karl Marx and published in 1893. It is divided into three parts [cite book|title=Capital Vol2.|isbn=0-7178-0483-6|last=Engels|first=Friedrich|publisher=International Publishers Co, Inc.|date=1967] :

# The Metamorphoses of Capital and Their Circuits
# The Turnover of Capital
# The Reproduction and Circulation of the Aggregate Social Capital

Part 3 is the point of departure for a topic treated later in detail by, among others, Rosa Luxembourg.

Part I: The Metamorphoses of Capital and their Circuits

Chapter I The Circuit of Money Capital

I. First Stage. M-C

II. Second Stage. Function of Productive Capital

III. Third Stage. C'-M'

IV. The Circuit as a Whole

Chapter II The Circuit of Productive Capital

I SimplIV Reserve Funde Reproduction

II Accumulation and Reproduction on an Extended Scale

III Accumulation of Money Over A Period Of Time

Natural Money and Credit Economy

Chapter III The Circuit of Commodity Capital

Chapter IV The Three Formulas of the Circuit

The Meeting of Demand and Supply

Chapter V The Time of Circulation

Chapter VI The Costs of Circulation

I. Genuine Costs of Circulation

1. The Time of Purchase and Sale

2. Bookkeeping

3. Money

II. Costs of Storage

1. Formation of Supply in General

2. The Commodity Supply Proper

III. Costs of Transportation

PART II: The Turnover of Capital

Chapter VII The Turnover Time and the Number of Turnovers

Chapter VIII Fixed Capital and Circulating Capital

I. Distinctions of Form

II. Components, Replacement, Repair, and Accumulation of Fixed Capital

Chapter IX The Aggregate Turnover of Advanced Capital. Cycles of Turnover

Chapter X Theories of Fixed and Circulating Capital. The Physiocrats and Adam Smith

Chapter XI Theories of Fixed and Circulating Capital. Ricardo

Chapter XII The Working Period

Chapter XIII The Time of Production

Chapter XIV The Time of Production

Chapter XV Effect of the Time of Turnover on the Magnitude of Advanced Capital

I The Working Period Equal to the Circulation Period

II. The Working Period Greater Than the Period of Circulation

III. The Working Period Smaller Than the Circulation Period

IV. Conclusions

V. The Effect of a Change of Prices

Chapter XVI The Turnover of Variable Capital

I. The Annual Rate of Surplus Value

II. The Turnover of the Individual Variable Capital

III. The Turnover of the Variable Capital from the Social Point of View

Chapter XVII The Circulation of Surplus Value

I. Simple Reproduction

II. Accumulation and Reproduction on an Extended Scale

Part III: The Reproduction and Circulation of The Aggregate Social Capital

Chapter XVIII. Introduction

I. The Subject Investigated

II. The Role of Money Capital

Chapter XIX Former Presentations of the Subject

I. The Physiocrats

II. Adam Smith

1. Smith's General Points of View

2. Adam Smith Resolves Exchange Value into v + s

3. The Constant Part of Capital

4. Capital and Revenue in Adam Smith

5. Recapitulation

III. Later Economists

Chapter XX. Simple Reproduction

I. The Formulation of the Question

II. The Two Departments of Social Production

III. Exchange Between the Two Departments I(v+s) versus II

IV. Exchange Within Department 11. Necessities of Life and Articles of Luxury

V. The Mediation of Exchange by the Circulation of Money

VI. The Constant Capital of Department I

VII. Variable Capital and Surplus Value in Both Departments

VIII. The Constant Capital in Both Departments

IX. A Retrospect to Adam Smith, Storch, and Ramsay

X. Capital and Revenue: Variable Capital and Wages

XI. Replacement of the Fixed Capital

1. Replacement of the Wear and Tear Portion of the Value in the Form of Money

2. Replacement of Fixed Capital in Natura

3. Results

XII. The Reproduction of the Money Material

XIII. Destutt de Tracy's Theory of Reproduction

Chapter XXI. Accumulation and Reproduction on an Extended Scale 488

I. Accumulation in Department I

1. The Formation of a Hoard

2. The Additional Constant Capital

3. The Additional Variable Capital

II. Accumulation in Department II

III. Schematic Presentation of Accumulation

1. First Illustration

2. Second Illustration

3. Replacement of IIc in Accumulation

IV. Supplementary Remarks

ee also

*The Accumulation of Capital
*Capital, Volume I
*Capital, Volume III


External links

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