‘An Introduction to the Three Volumes of Karl Marx’s CapitalAn Introduction to the Three Volumes of Karl Marx’s Capital by MICHAEL HEINRICH Translated by Alexander Locascio MONTHLY REVIEW PRESS New YorkCopyright © 2004 by Michael Heinrich All Rights Reserved Originally published as Kritik der potschen Okonomie: Eine Einfihrung by Schmettering Verlag GmbH, Stuttgart, Germany © 2004 by Schmetterling ‘Verlag GmbH. English translation by Alexander Locascio published by Monthly Review Press 2012 © by Monthly Review Press Library of Congress Cataloging-in-Publication Data Heinrich, Michael, 1957- (ritk der politischen Vonomie. English] An introduction to the three volumes of Karl Marx’s Capital / by Michael Heinrich ; translated by Alexander Locascio, poem. “Originally published as Kritik der politischen Vkonomie: Bine Einffhrang by Schmettering Verlag GmbH, Stutgare, Germany, c2004, by Schmetering Verlag, GmbH.” ‘nchudes bibliographical references and index: ISBN 978-1-58967-288-4 (pbk. : alk. paper) — ISBN 978-1-58367-280-1 (eleth:alk. paper) 1. Mars, Karl, 1818-1885. Kapital 2. Marxian economics. I. Tile +#13501.MS7H¥4513 2012 935.4°1—de2s 2012019993 ‘Monthly Review Press 146 West 20:h Street, Suite 6W New York, New York 10001 www.monthlyrevieworg 54321 Preface... 1. Capitalism and Marxisin .... 2. The Object of Critique in the Critique of Political Economy .......eesecese0s 3. Value, Labor, Money -....2-.0ssesceessees 4. Capital, Surplus Value, and Exploitation 5. The Capitalist Process of Production oe 2 99 The Circulation of Capital . 131 Profit, Average Profit, and the “Law of the Tendency of the Rate of Profit to Fall” 141 8. Interest, Credit, and “Fictitious Capital” . 155 9. CriSIS eee ceeesteeseeeeee vio . 169 10. ‘The Fetishism of Social Relations in Bourgeois Society....... 179 11. State and Capital. vec eeteeteteveeteneneeeee 199 12, Communism—Society beyond the Commodity, Money, and the State ........0ese eee 219 Bibliography ........00--.ceeseeees 1 225 Notes... oo 229 Index... = 238