Das Kapital reading group – Week 34, Aug 19-25 – Chapters 10, 11 and 12 of Volume III (hexbear.net)

submitted 10 months ago by [email protected] to c/[email protected]

3 comments fedilink hide all child comments

Sorry I'm late posting this.

Explain the bookclub: We are reading Volumes 1, 2, and 3 in one year and discussing it in weekly threads. (Volume IV, often published under the title Theories of Surplus Value, will not be included in this particular reading club, but comrades are encouraged to do other solo and collaborative reading.) This bookclub will repeat yearly. The three volumes in a year works out to about 6½ pages a day for a year, 46⅔ pages a week. However, we're a bit ahead of the curve right now, and can slow down to about 41 pages a week.

I'll post the readings at the start of each week and @mention anybody interested. Let me know if you want to be added or removed.

Just joining us? You can use the archives below to help you reading up to where the group is. There is another reading group on a different schedule at https://lemmygrad.ml/c/genzhou (federated at [email protected] ) which may fit your schedule better. The idea is for the bookclub to repeat annually, so there's always next year.

Archives: Week 1 – Week 2 – Week 3 – Week 4 – Week 5 – Week 6 – Week 7 – Week 8 – Week 9 – Week 10 – Week 11 – Week 12 – Week 13 – Week 14 – Week 15 – Week 16 – Week 17 – Week 18 – Week 19 – Week 20 – Week 21 – Week 22 – Week 23 – Week 24 – Week 25 – Week 26 – Week 27 – Week 28 – Week 29 – Week 30 – Week 31 – Week 32 – Week 33

Week 34, Aug 19-25 – We are finishing Part Two of Volume III (Part Two is called Conversion of Profit into Average Profit) we are reading Chapter 10 (Equalisation of the General Rate of Profit Through Competition. Market-Prices and Market-Values. Surplus-Profit.) and Chapter 11 (Effects of General Wage Fluctuations on Prices of Production) and Chapter 12 (Supplementary Remarks)

https://www.marxists.org/archive/marx/works/1894-c3/index.htm

Discuss the week's reading in the comments.

all 5 comments

sorted by: hot top new old

[-] [email protected] 7 points 10 months ago

I really appreciated the analysis of how supply and demand are illusory ways to explain why things have a price, that they revolve around a central point that is taken for granted by vulgar economics. I feel like 'value is what people are willing to pay' is a common liberal brainworm and having that analysis might be really helpful in talking about that idea with libs.

[-] [email protected] 5 points 10 months ago

[-] [email protected] 3 points 10 months ago* (last edited 10 months ago)

I found this part of chapter 10 interesting. Mainly just more so how labor gets more simplified. Along with other parts with Marx talking more about the social nature of capital. But I can see more of how like, what Marx meant by capitalism containing it's own seeds of it's own destruction? or seeing more of the foundations of socialism waiting in capitalism? just mainly seeing those like the contradictions in capitalism

Also I really wish the large paragraphs in this volume were broken up into smaller ones

[...]The second condition implies the abolition of all laws preventing the labourers from transferring from one sphere of production to another and from one local centre of production to another; indifference of the labourer to the nature of his labour; the greatest possible reduction of labour in all spheres of production to simple labour; the elimination of all vocational prejudices among labourers; and last but not least, a subjugation of the labourer to the capitalist mode of production. Further reference to this belongs to a special analysis of competition.

[...]Further, if society wants to satisfy some want and have an article produced for this purpose, it must pay for it. Indeed, since commodity-production necessitates a division of labour, society pays for this article by devoting a portion of the available labour-time to its production. Therefore, society buys it with a definite quantity of its disposable labour-time. That part of society which through the division of labour happens to employ its labour in producing this particular article, must receive an equivalent in social labour incorporated in articles which satisfy its own wants. However, there exists an accidental rather than a necessary connection between the total amount of social labour applied to a social article, i.e., between the aliquot part of society's total labour-power allocated to producing this article, or between the volume which the production of this article occupies in total production, on the one hand, and the volume whereby society seeks to satisfy the want gratified by the article in question, on the other. Every individual article, or every definite quantity of a commodity may, indeed, contain no more than the social labour required for its production, and from this point of view the market-value of this entire commodity represents only necessary labour, but if this commodity has been produced in excess of the existing social needs, then so much of the social labour-time is squandered and the mass of the commodity comes to represent a much smaller quantity of social labour in the market than is actually incorporated in it.[...]

this post was submitted on 22 Aug 2024

13 points (100.0% liked)

theory

777 readers

7 users here now

A community for in-depth discussion of books, posts that are better suited for [email protected] will be removed.

The hexbear rules against sectarian posts or comments will be strictly enforced here.

founded 2 years ago

MODERATORS

[email protected]