《Capital A Critique of Political Economy Volume II Book II:The Process of Circulation of Capital》

Preface1

BOOK ⅡTHE PROCESS OF CIRCULATION OF CAPITAL21

PART ⅠTHE METAMORPHOSES OF CAPITAL AND THEIR CIRCUITS23

CHAPTER Ⅰ．The Circuit of Money-Capital23

Ⅰ．First Stage．M－C．24

Ⅱ．Second Stage．Function of Productive Capital32

Ⅲ．Third Stage．C′－M′36

Ⅳ．The Circuit as a Whole47

CHAPTER Ⅱ．The Circuit of Productive Capital63

Ⅰ．Simple Reproduction64

Ⅱ．Accumulation and Reproduction on an Extended Scale77

Ⅲ．Accumulation of Money82

Ⅳ．Reserve Fund84

CHAPTER Ⅲ．The Circuit of Commodity-Capital86

CHAPTER Ⅳ．The Three Formulas of the Circuit100

CHAPTER Ⅴ．The Time of Circulation121

CHAPTER Ⅵ．The Costs of Circulation129

Ⅰ．Genuine Costs of Circulation129

1．The Time of Purchase and Sale129

2．Book-Keeping133

3．Money135

Ⅱ．Costs of Storage136

1．Formation of Supply in General137

2．The Commodity-Supply Proper143

Ⅲ．Costs of Transportation149

PART ⅡTHE TURNOVER OF CAPITAL153

CHAPTER Ⅶ．The Turnover Time and the Number of Turnovers153

CHAPTER Ⅷ．Fixed Capital and Circulating Capital157

Ⅰ．Distinctions of Form157

Ⅱ．Components，Replacement，Repair，and Accumulation of Fixed Capital169

CHAPTER Ⅸ．The Aggregate Turnover of Advanced Capital．Cycles of Turnover183

CHAPTERⅩ．Theories of Fixed and Circulating Capital．The Physiocrats and Adam Smith189

CHAPTER Ⅺ．Theories of Fixed and Circulating Capital．Ricardo215

CHAPTERⅫ．The Working Period228

CHAPTER ⅩⅢ．The Time of Production238

CHAPTER ⅩⅣ．The Time of Circulation248

CHAPTER ⅩⅤ．Effect of the Time of Turnover on the Magnitude of Advanced Capital257

Ⅰ．The Working Period Equal to the Circulation Period266

Ⅱ．The Working Period Greater Than the Period of Circulation271

Ⅲ．The Working Period Smaller Than the Circulation Period275

Ⅳ．Conclusions279

Ⅴ．The Effect of a Change of Prices285

CHAPTER ⅩⅥ．The Turnover of Variable Capital293

Ⅰ．The Annual Rate of Surplus-Value293

Ⅱ．The Turnover of the Individual Variable Capital308

Ⅲ．The Turnover of the Variable Capital from the Social Point of View313

CHAPTERⅩⅦ．The Circulation of Surplus-Value319

Ⅰ．Simple Reproduction325

Ⅱ．Accumulation and Reproduction on an Extended Scale344

PART ⅢTHE REPRODUCTION AND CIRCULATION OF THE AGGREGATE SOCIAL CAPITAL351

CHAPTER ⅩⅧ．Introduction351

Ⅰ．The Subject Investigated351

Ⅱ．The Role of Money-Capital354

CHAPTER ⅩⅨ．Former Presentations of the Subject359

Ⅰ．The Physiocrats359

Ⅱ．Adam Smith362

1．Smith＇s General Points of View362

2．Adam Smith Resolves Exchange-Value into v+s370

3．The Constant Part of Capital372

4．Capital and Revenue in Adam Smith378

5．Recapitulation384

Ⅲ．Later Economists389

CHAPTER ⅩⅩ．Simple Reproduction392

Ⅰ．The Formulation of the Question392

Ⅱ．The Two Departments of Social Production395

Ⅲ．Exchange between the Two Departments Ⅰ(v + s) versus Ⅱc398

Ⅳ．Exchange within Department Ⅱ．Necessities of Life and Articles of Luxury402

Ⅴ．The Mediation of Exchange by the Circulation of Money411

Ⅵ．The Constant Capital of Department Ⅰ422

Ⅶ．Variable Capital and Surplus-Value in Both Departments425

Ⅷ．The Constant Capital in Both Departments429

Ⅸ．A Retrospect to Adam Smith，Storch，and Ramsay433

Ⅹ．Capital and Revenue：Variable Capital and Wages437

Ⅺ．Replacement of the Fixed Capital449

1．Replacement of the Wear and Tear Portion of the Value in the Form of Money452

2．Replacement of Fixed Capital in Kind457

3．Results466

Ⅻ．The Reproduction of the Money Material469

ⅩⅢ．Destutt de Tracy＇s Theory of Reproduction480

CHAPTER ⅩⅪ．Accumulation and Reproduction on an Extended Scale489

Ⅰ．Accumulation in Department Ⅰ492

1．The Formation of a Hoard492

2．The Additional Constant Capital496

3．The Additional Variable Capital501

Ⅱ．Accumulation in Department Ⅱ501

Ⅲ．Schematic Presentation of Accumulation505

1．First Illustration509

2．Second Illustration513

3．Replacement of IIc in Accumulation519

Ⅳ．Supplementary Remarks522

Name Index524

Index of Authorities Quoted in Capital，Vol．Ⅱ526

Subject Index530