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Capitalist Communism: Marx’s Theory of the Distribution of Surplus-Value in Volume III of Capital

  • Fred Moseley
Chapter
Part of the Luxemburg International Studies in Political Economy book series (LISPE)

Abstract

This chapter argues that the main subject of Capital, Volume III is the distribution of surplus-value: in other words the division of the total amount of surplus-value into individual component parts, first into equal rates of profit across branches of production, followed by the further division of surplus-value into commercial profit, interest and rent. Furthermore, Marx’s analysis of the distribution of surplus-value is based on the fundamental premise that the total amount of surplus-value has already been determined by the prior analysis contained in Volume I. The main question addressed in Volume III, then, is how this pre-determined total amount of surplus-value is divided into its component parts. The analysis of these individual component parts does not in any way affect the size of total surplus-value, as this total surplus-value is taken as a pre-determined given in this analysis. The chapter reviews all seven parts of Volume III, providing substantial textual evidence for these two main assertions.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Fred Moseley
    • 1
  1. 1.Mount Holyoke CollegeSouth HadleyUSA

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