Capital, Vol. III: The Process of Capitalist Production as a Whole
- Language:
- English
- Status:
- Complete work
- Authorship:
- Written by the author
- Condition of the text:
- Clean text · 3 illegible passages, excluded from answers
- Extent:
- ~490,000 words · 2,342 passages
Cite this work
- APAKarl Marx. (n.d.). Capital, Vol. III: The Process of Capitalist Production as a Whole. SigPhi. https://sigphiai.com/en/works/karl-marx/capital-vol-iii-the-process-of-capitalist-production-as-a-whole
- MLAKarl Marx. "Capital, Vol. III: The Process of Capitalist Production as a Whole." SigPhi, https://sigphiai.com/en/works/karl-marx/capital-vol-iii-the-process-of-capitalist-production-as-a-whole.
- ChicagoKarl Marx. Capital, Vol. III: The Process of Capitalist Production as a Whole. SigPhi. https://sigphiai.com/en/works/karl-marx/capital-vol-iii-the-process-of-capitalist-production-as-a-whole.
What it is about
The third volume of Capital: how surplus value is distributed among capitalists, and the tendency of the rate of profit to fall.
Context and history
Marx never published it: he left it in manuscripts that Engels edited and brought out in 1894, eleven years after his death, and how much of it is Engels's own hand is argued over to this day. This is the volume where Marx moves back from values to prices and accounts for commercial profit, interest and ground rent; it also holds the famous chapter on the falling rate of profit and the counteracting causes.
Editorial context, not a citable source: unlike the passages of the work itself, these statements cannot be checked against the corpus.
At last I have the pleasure of making public this third ■volume of the main work of Marx, the closing part of his economic theories. When I published the second volume, in 188 5, I thought that the third would probably offer only technical difficulties, with the exception of a few very important sections. This turned out to be so. But that these exceptional sections, which represent the most valuable parts of the entire work, would give me as much trouble as they did, T could not foresee at that time any more than I anticipated the other obstacles, which retarded the completion of the work to such an extent. In the first place it was a weakness of my eyes which restricted my time of writing to a minimum for years, and which permits me even now only exceptionally to do any writing by artificial light. There were furthermore other labors which I could not refuse, such as new editions and translations of earlier works of Marx and myself, revisions, prefaces, supplements, which frequently required special study, etc. There was above all the English edition of the first volume of this work, for whose text I am ultimately responsible and which absorbed much of my time. Whoever has followed the colossal growth of international socialist literature during the last ten years, especially the great number of translations of earlier works of Marx and myself, will agree with me in congratulating myself that there is but a limited number of languages in which I am able to assist a translator and which compel me to accede to the request for lo Preface.
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