Cover Page
Halftitle Page
Title Page
Copyright Page
Contents
Introduction to the 2006 Verso Edition
Introduction
Chapter 1: Commodities, Values and Class Relations
I. Use Values, Exchange Values and Values
1. Use values
2. Exchange value, money and the price system
3. The value theory
4. The theory of surplus value
II. Class Relations and the Capitalist Principle of Accumulation
1. The class role of the capitalist and the imperative to accumulate
2. The implications for the labourer of accumulation by the capitalist
3. Class, value and the contradiction of the capitalist law of accumulation
Appendix: The Theory of Value
Chapter 2: Production and Distribution
I. The Share of Variable Capital in the Total Social Product, The Value of Labour Power and Wage Rate Determination
1. The subsistence wage
2. Supply and demand for labour power
3. Class struggle over the wage rate
4. The accumulation process and the value of labour power
II. The Reduction of Skilled to Simple Labour
III. The Distribution of Surplus Value and the Transformation from Values into Prices of Production
IV. Interest, Rent and Profit on Merchants’ Capital
1. Merchants’ capital
2. Money capital and interest
3. Rent on land
4. Distribution relations and class relations in historical perspective
Chapter 3: Production and Consumption, Demand and Supply and the Realization of Surplus Value
I. Production and Consumption, Demand and Supply and the Critique of Say’s Law
II. The Production and Realization of Surplus Value
1. The time structure and costs of realization
2. The structural problems of realization
III. The Problem of Effective Demand and the Contradiction between the Relations of Distribution and the Conditions of Realization of Surplus Value
Chapter 4: Technological Change, The Labour Process and the Value Composition of Capital
I. The Productivity of Labour Under Capitalism
II. The Labour Process
III. The Sources of Technological Change Under Capitalism
IV. The Technical, Organic and Value Compositions of Capital
V. Technological Change and Accumulation
Chapter 5: The Changing Organization of Capitalist Production
Chapter 6: The Dynamics of Accumulation
I. The Production of Surplus Value and the General Law of Capitalist Accumulation
II. Accumulation Through Expanded Reproduction
III. The Falling Rate of Profit and its Countervailing Influences
Chapter 7: Over accumulation, Devaluation and the ‘First-cut’ Theory of Crisis
I. Overaccumulation and Devaluation of Capital
II. The ‘Constant Devaluation’ of Capital which Results from the Rising Productivity of Labour
III. Devaluation Through Crises
Chapter 8: Fixed Capital
I. The Circulation of Fixed Capital
II. The Relations between Fixed and Circulating Capital
III. Some Special Forms of Fixed Capital Circulation
1. Fixed capital of large scale and great durability
2. Fixed capital of an ‘independent’ kind
IV. The Consumption Fund
V. The Built Environment for Production, Exchange and Consumption
VI. Fixed Capital, The Consumption Fund and the Accumulation of Capital
Chapter 9: Money, Credit and Finance
I. Money and Commodities
II. The Transformation of Money into Capital
III. Interest
IV. The Circulation of Interest-Bearing Capital and the Functions of the Credit System
1. The mobilization of money as capital
2. Reductions in the cost and time of circulation
3. Fixed capital circulation and consumption fund formation
4. Fictitious capital
5. The equalization of the profit rate
6. The centralization of capital
V. The Credit System: Instrumentalities and Institutions
1. The general principles of financial mediation: the circulation of capital and the circulation of revenues
2. Joint stock companies and markets for fictitious capital
3. The banking system
4. State institutions
Chapter 10: Finance Capital and its Contradictions
I. The Credit System According to Marx
II. Finance Capital According to Lenin and Hilferding
III. The Contradiction between the Financial System and its Monetary Basis
IV. The Interest Rate and Accumulation
V. The Accumulation Cycle
1. Stagnation
2. Recovery
3. Credit-based expansion
4. Speculative fever
5. The crash
VI. The Politics of Money Management
VII. Inflation as a Form of Devaluation
VIII. Finance Capital and its Contradictions
1. Finance capital as the ‘class’ of financiers and money capitalists
2. Finance capital as the unity of banking and industrial capital
3. Finance capital and the state
IX. The ‘Second-Cut’ Theory of Crises: The Relation between Production, Money and Finance
Chapter 11: The Theory of Rent
I. The Use Value of Land
1. The land as the basis for reproduction and extraction
2. Space, place and location
3. Location, fertility and prices of production
II. Landed Property
III. The Forms of Rent
1. Monopoly rent
2. Absolute rent
3. Differential rent
IV. The Contradictory Role of Ground Rent and Landed Property within the Capitalist Mode of Production
1. The separation of the labourer from the land as means of production
2. Landownership and the principle of private property
3. Landed property and capital flow
V. Distribution Relations and Class Struggle between Landlord and Capitalist
VI. The Land Market and Fictitious Capital
Chapter 12: The Production of Spatial Configurations: the Geographical Mobilities of Capital and Labour
I. Transport Relations and the Mobility of Capital as Commodities
II. The Mobility of Variable Capital and Labour Power
III. The Mobility of Money Capital
IV. The Location of Production Processes
1. Technology versus location as sources of relative surplus value
2. The turnover time of capital in production – geographical and temporal inertia and the problem of devaluation
V. The Spatial Configuration of Built Environments
VI. The Territoriality of Social Infrastructures
VII. The Mobilities of Capital and Labour Taken as a Whole
1. Complementarity
2. Contradictions and conflict
Chapter 13: Crises in the Space Economy of Capitalism: the Dialectics of Imperialism
I. Uneven Geographical Development
II. Geographical Concentration and Dispersal
III. The Regionalization of Class and Factional Struggle
IV. Hierarchical Arrangements and the Internationalization of Capital
V. The ‘Third Cut’ at Crisis Theory: Geographical Aspects
1. Particular, individual and place-specific devaluation
2. Crisis formation within regions
3. Switching crises
4. Building new arrangements to co-ordinate spatial integration and geographical uneven development
VI. Building Towards Global Crises
1. External markets and underconsumption
2. The export of capital for production
3. The expansion of the proletariat and primitive accumulation
4. The export of devaluation
VII. Imperialism
VIII. Inter-Imperialist Rivalries: Global War as the Ultimate form of Devaluation
Notes
Afterword
References
Name Index
Subject Index