This book provides a comprehensive guide to all three volumes of
Karl Marx's 'Capital', with advice on further reading and points
for further discussion. Recognizing the contemporary relevance of
'Capital' in the midst of the current financial crisis, Kenneth
Smith has produced an essential guide to Marx's ideas, particularly
on the subject of the circulation of money-capital. This guide
uniquely presents the three volumes of 'Capital' in a different
order of reading to that in which they were published, placing them
instead in the order that Marx himself sometimes recommended as a
more user-friendly way of reading. Dr Smith also argues that for
most of the twentieth century, the full development of the
capitalist mode of production (CMP) has been undermined by the
existence of a non-capitalist 'third world', which has caused the
CMP to take on the form of what Marx called a highly developed
mercantile system, rather than one characterized by an
uninterrupted circuit of industrial capital of the kind he
expected. While the guide can be read as a book in its own right,
it also contains detailed references to Volumes I-III so that
students, seminars and discussion groups can easily make
connections between Smith's explanations and the relevant parts of
'Capital'.
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