Tag Archives: engels

Dunayevskaya’s Revolutionary Interpretation of Hegel’s Dialectical Philosophy –Radio Free Humanity. Ep. 15

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Das Kapital vol.3 part 1, chapter 4: The Effect of Turnover on the Rate of Profit

This chapter is written entirely by Engels. According to Engels all Marx had completed for this chapter was the title.

Turnover time does not effect any of the basic observations about the rate of profit which we have already made. But it does alter the speed at which profits are made, thus effecting the rate of profit. While this may not be the most exciting chapter ever written there are some important concepts here. Most importantly, the faster the turnover time the higher the rate of profit. This means that capital has a marked tendency to decrease the turnover time both in production and circulation. Continue reading

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Kapital vol. 3 Part 1 Chapter 1: Cost-Price and Profit

Marx begins by briefly reminding us of the the large-scale structure of his three volumes of Kapital. Each volume analyzes capitalism from different levels of abstraction delineated by different social relations. Continue reading

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Kapital Vol. 3 – Engels’ Preface 1894

The first part of Engels’ introduction describes the laborious process Engels confronted as he attempted to put together a draft of Volume 3 from Marx’s incomplete manuscripts and notes. It sounds like a nightmare of a task. Continue reading

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Welcome to Kapitalism…

This is a place to post the text of my youtube videos which deal with various topics in economics. You will find the links to each video and their text under the “pages” section on the right.

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