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Economic literacy                                                                                                                    Search:  Economics
Without economic literacy there is no possibility to understand processes of social change. Unfortunately, economic literacy is a rare commodity in capitalist, semicapitalist and protocapitalist societies where primary, secondary and university education is extremely poor for the majority -and extremely good for a wealthy minority-  which, of course is convenient for maintaining the extremely wealthy minority dominant position in society. To help students and researchers  I provide this 'rearrangement' of  valuable basic literature on economic literacy. Of course, this is just a first step. Without this first step, though, development issues cannot be understood, and, therefore, fighting against the barbaric social, political, cultural and economic effects of unleashed capitalist markets will be even more difficult. (Dr. Róbinson Rojas)

From Marxists Internet Archive 
Karl Marx

Capital Volume III

The Process of Capitalist Production as a Whole

Written: Karl Marx, 1863-1883, edited by Friedrick Engels and completed by him 11 years after Marx's death;
Source: Institute of Marxism-Leninism, USSR, 1959;
Publisher: International Publishers, NY, [n.d.]
First Published: 1894;
On-Line Version: Marx.org 1996, Marxists.org 1999;
Transcribed: in 1996 by Hinrich Kuhls, Dave Walters and Zodiac, and by Tim Delaney and M. Griffin in 1999;
HTML Markup: Zodiac 1996, Tim Delaney and M. Griffin in 1999;
Proofed and Corrected: by Chris Clayton 2006-7.


Contents

Preface

Part I
The Conversion of Surplus-Value into Profit and of
the Rate of Surplus-Value into the Rate of Profit

Ch. 1: Cost-Price and Profit
Ch. 2: The Rate of Profit
Ch. 3: The Relation of the Rate of Profit to the Rate of Surplus-Value
Ch. 4: The Effect of the Turnover on the Rate of Profit
Ch. 5: Economy in the Employment of Constant Capital
Ch. 6: The Effect of Price Fluctuations
Ch. 7: Supplementary Remarks

Part II
Conversion of Profit into Average Profit

Ch. 8: Different Compositions of Capitals in Different Branches of Production and Resulting Differences in Rates of Profit
Ch. 9: Formation of a General Rate of Profit (Average Rate of Profit) and Transformation of the Values of Commodities into Prices of Production
Ch. 10: Equalisation of the General Rate of Profit Through Competition. Market-Prices and Market-Values. Surplus-Profit.
Ch. 11: Effects of General Wage Fluctuations on Prices of Production
Ch. 12: Supplementary Remarks

Part III
The Law of the Tendency of the Rate of Profit to Fall

Ch. 13: The Law as Such
Ch. 14: Counteracting Influences
Ch. 15: Exposition of the Internal Contradictions of the Law

Part IV
Conversion of Commodity-Capital and Money-Capital into Commercial
Capital and Money-Dealing Capital (Merchant's Capital)

Ch. 16: Commercial Capital
Ch. 17: Commercial Profit
Ch. 18: The Turnover of Merchant's Capital
Ch. 19: Money-Dealing Capital
Ch. 20: Historical Facts about Merchant's Capital

Part V
Division of Profit into Interest and Profit of Enterprise.
Interest-Bearing Capital.

Ch. 21: Interest-Bearing Capital
Ch. 22: Division of Profit. Rate of Interest. Natural Rate of Interest.
Ch. 23: Interest and Profit of Enterprise
Ch. 24: Externalisation of the Relations of Capital in the Form of Interest-Bearing Capital
Ch. 25: Credit and Fictitious Capital
Ch. 26: Accumulation of Money-Capital. Its Influence on the Interest Rate.
Ch. 27: The Role of Credit in Capitalist Production
Ch. 28: Medium of Circulation and Capital; Views of Tooke and Fullarton
Ch. 29: Component Parts of Bank Capital
Ch. 30: Money-Capital and Real Capital. I
Ch. 31: Money-Capital and Real Capital. II
Ch. 32: Money-Capital and Real Capital. III
Ch. 33: The Medium of Circulation in the Credit System
Ch. 34: The Currency Principle and the English Bank Legislation of 1844
Ch. 35: Precious Metal and Rate of Exchange
Ch. 36: Pre-Capitalist Relationships

Part VI
Transformation of Surplus-Profit into Ground-Rent

Ch. 37: Introduction
Ch. 38: Differential Rent: General Remarks
Ch. 39: First Form of Differential Rent (Differential Rent I)
Ch. 40: Second Form of Differential Rent (Differential Rent II)
Ch. 41: Differential Rent II — First Case: Constant Price of Production
Ch. 42: Differential Rent II — Second Case: Falling Price of Production
Ch. 43: Differential Rent II — Third Case: Rising Price of Production
Ch. 44: Differential Rent Also on the Worst Cultivated Soil
Ch. 45: Absolute Ground-Rent
Ch. 46: Building Site Rent. Rent in Mining. Price of Land.
Ch. 47: Genesis of Capitalist Ground-Rent

Part VII
Revenues and their Sources

Ch. 48: The Trinity Formula
Ch. 49: Concerning the Analysis of the Process of Production
Ch. 50: Illusions Created by Competition
Ch. 51: Distribution Relations and Production Relations
Ch. 52: Classes

Frederick Engels.
Supplement to Capital, Volume Three

A) Introduction
B) The Law of Value and Rate of Profit
C) The Stock Exchange

Fragment on Heine


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