SigPhi · Karl Marx

Capital, Vol. II: The Process of Circulation of Capital

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Owen, Richard, his communism based upon Ricardo's economics, 21.

Phlogistic Theory, its analogy to theory of surplus-value, 23.

Physiocrats, do not confuse capital of circulation with circulating capital, Physiocrats, their theory of fixed and circulating capital, 215.

Physiocrats, their theory of reproduc- Potential Capital, 290.

Prices, confusion of cause and effect in their fluctuations, 393.

Prices, effect of their change on turn- over of Capital. 326.

Prices, their fall requires additional money-capital to fill up turn-over, Prices, their rise releases capital in turn-over, 328.

Production, see Capitalist Production.

Production, of precious metals, a dead expense of social labor-power and means of production, 399.

Production, of precious metals throws additional money into circulation, Production, social, its two departments, Production, social, its volume reduced by production of precious metals, Production, time of, 138. (See also Time of Production.)

Productive Capital, its function re- quires combination of labor-power and means of production, 109.

Productive Capital, its periodical re- production, 72.

Productive Capital, its reproduction on an enlarged scale, 89.

Productive Capital, its simple repro- duction, 73.

Productive Industries, without com- modities, 61.

Productive Supply, 281, 302.

Profit, average rate of, solution of problem promised in volume III, 28.

Profit, not analyzed in volume II, see volume III.

Proportion, of quantities and qualities of elements of production determines scale of reproduction, 94.

Prosperity, of working class an in- dication of approaching crisis, 476.

Railroads, their development shortens turn-over of capital, 286.

Railroads, their extension builds up the world market, 287.

Recapitulation, of what has gone be- fore on the subject of production and circulation in volumes I and Release of Capital, does not take place when working period equal to cir- culation period, 319.

Release, of capital, in the turn-over, Released Capital, its amount deter- mined by differences of turn-over, Released Capital, passes into money market, 323.

Released Capital, the opinion of Engels concerning its significance, 324.

Repairs, juggling with this term and reproduction, 205.

Repairs, not clearly distinguished from reproduction, 204.

Reproduction, comprises productive and individual consumption, 405. ' Reproduction, its entire cycle, 404.

Reproduction, its general formula P-P' does not indicate capitalist character of production as does M-M,' 104.

Reproduction, its scale varied by rapidity of transformation of com- modity-capital into money-capital Reproduction, of the capitals of the two departments of production, 459.

Reproduction, of social capital, on an enlarged scale, 571.

Reproduction, of values and of sub- stance, 454.

Reproduction, on a simple scale, 455.

Reproduction, on a simple scale, found in reproduction on an enlarged scale, Reserve Fund, of money, not a part of money-capital in functien, 97.

Ricardo, David, accepted the theory of Adam Smith concerning com- position of value, 450.

Ricardo, David, failure of his school, Ricardo, David, his conception of sur- plus-value criticized, 18, 19.

Ricardo, David, his confusion of fixed, circulating variable and constant capital criticized, 255.

Ricardo, David, his definition of fixed and circulating capital, 254.

Ricardo, David, his vise of the theory of fixed and circulating capital, 241* Index.

en Rodbertus, his charge of plagiarism Rodbertus, his theory of ground rent analyzed, 15. Rotation, of money distinguished from its circulation, 394.

Sale, of commodities, its amount in- fluences turn, 331.

Savage Producer, indifferent to labor Sinking Fund, for reproduction of fixed capital, 206.

Sinking Fund, for fixed capital, its role in the formation of a money-hoard, Sismondi, his conception of merchants' capital, 127.

Sismondi, his theory of commercial crises, 26.

Smith, Adam, believed that the entire value of the social product resolved itself into wages and surplus-value, Smith, Adam, his analysis of capital and revenue, 436.

Smith, Adam, his analysis of capital and revenue dissected, 437.

Smith, Adam, his composition of value criticized, 419.

Smith, Adam, his conception of the composition of the value of com- modities, 418.

Smith, Adam, his confusion in the mat- ter of fixed and circulating capital transmitted to other economists, 227.

Smith, Adam, his confusion of fixed and circulating capital criticized, 216 Smith, Adam, his idea that the value of products must be paid in last in- stance by consumers is true only, if by "consumers" is meant both in- dividual and productive consumers, Smith, Adam, his inconsistencies ex- posed, 429.

Smith, Adam, his juggling with con- stant capital, 430.

Smith, Adam, his progress and short- comings in the formulation of a theory of fixed and circulating capi- Smith, Adam, his retrogression in the analysis of reproduction, 415.

Smith, Adam, his shallow conception of the amount of money required for the circulation of the annual pro- duct, 554.

Smith, Adam, his theory of surplus- value criticized, 16, 17.

Smith, Adam, mistakes supply of use- values for supply of commodities, Smith, Adam, realizes significance of departments of means of production and means of consumption, 421.

Smith, Adam, results of his confusion Smith, Adam, the scientific parts of his theory of reproduction summed up, Social Plan, not followed in capitalist production, 196.

Speculation, its influence in the cir- culation of capital, 362.

Surplus, of products, an evil under Capitalism, 546.

Surplus-Value, apparent contradic- tions in its law, 343.

Surplus-Value, appropriated in pro- duction, distributed in circulation, Surplus-Value, hoarded as latent money-capitalj 369.

Surplus- Value, in simple reproduction, Surplus- Value, influence of circulation on its rate misinterpreted, 340.

Surplus-Value, influence of its accumu- lation on circulation, 367.

Surplus- Value, its accumulation, not its expenditure as private revenue, essential in capitalist production, Surplus-Value, its capitalization ex- pressed by formula P-P,' 91.

Surplus- Value, its circulation under accumulation, 397.

Surplus- Value, its function in the turn- Surplus- Value, its rate and mass in the turn-over of capital, 339.

Surplus- Value, its role in buying and selling, 133.

Surplus-Value, laws relating to it are in force only for capital actually in- vested in working process, 341.

Surplus-Value, money for its realization thrown into circulation by capitalist class, 385.

Surplus- Value, spent as revenue, is eliminated from the cycle of capital, Surplus- Value, used for reproduction of fixed capital, its peculiar role in circulation, 367.

Suspended Capital, see Released Capi- Swindling, its influence in the circula- tion of capital, 362.

Time of Circulation, its influence on the scale of production, 295.

Time of Production, greater than work- ing period, 273.

Time of production, in agriculture, its influence on house industry, 275.

Time of Production, its difference from the working time particularly ap- parent in agriculture, 274.

Transportation, its improvement re- duces time of circulation, 332.

Technical Revolutions, their influence on values, 121.

Thompson, William, quoted as a rep- resentative of Utopian socialists, 21.

Time of Circulation, 138.

Time of Circulation, causes concealing its unproductive character, 143.

Time of Circulation, its absolute limit the durability of commodities, 145.

Time of Circulation, limits time of production, 142.

Time of Circulation, not productive of surplus-value, 142.

Index.

Time of Production, includes delays of product in process of production, 138.

Transportation, its development does not reduce latent supply of com- modities, but merely changes its Transportation, its peculiar productive character in circulation, 172.

Transportation, produces change of location, 62.

Turn-Over, effect of its prolongation on small farmers, 269.

Turn-Over, of Capital, its differences basis of terms of credit, 288.

Turn-Over, of capital, differences of its three formulae, 174.

Turn-Over, of capital, distinguished from reproduction of its parts, 210.

Turn-Over, of capital, inaccuracy of Turn-Over, of capital, influence of com- parative length of its periods of cir- culation and production on differ- ences, 305.

Turn-Over, of capital invested in cattle raising shortened by new strains, Turn-Over, of Capital, its cycles, 208.

Turn-Over, of capital, its cycles ex- panded or contracted by reserve capital, 304.

Turn-Over, of capital, its influence on the rate of surplus-value, 358.

Turn-Over, of capital, its role in the process of circulation, 135.

Turn-Over, of capital, its time deter- mined by sum of time of production plus time of circulation, 176.

Turn-Over, of capital, its time from capitalist point of view signifies time of return of original capital, 177.

Turn-Over of capital, means return of advanced value to its original form plus surplus-value, 173.

Turn-Over, of Capital, significance of different cycles for formation of sur- plus-value and of product, 175.

Value, additional created by latent capital, 140. Value, influence of its reduction on reproduction of capital, 123. Value, its revolutions do not change proportions of its elements, 455. Value, its selfdeveloping and automatic nature, 120. Value, of annual social product, difficult to analyze, because its constant portion consists of different class of products than its new portion, 501.

Value, of commodities, dissected, 447.

Value, of product, distinguished from product in values, 508.

Value, of Commodities, only tempo- rarily changed by fluctuations in Value, of past labor and capital in specious argument of Carey, 410.

Variable Capital, formulae of its turn- Variable Capital, its individual role in the turn-over, 354.

Variable Capital, its turn-over coin- cides only with first phase of turn- over of circulating constant capi- Variable Capital, its turn-over from a social point of view, 359.

Variable Capital, no revenue for laborer, 520.

w Wage- Laborer, in circulation, unpro- ductive, 150.

Wages, a part of past labor used as a draft upon future labor, 82.

Wages, their depression below normal level a means of releasing variable capitable, 594.

"Wear and Tear, defined as transfer of value to the product and loss of use-value, 194.

Wear and Tear, of fixed capital, cal- culated on its average life-time, 109.

Wear and Tear, of fixed capital, due to use, natural forces, condition of material, 193.

Wear and Tear, virtual, 193.

Working Day, social, the value of its product always contains a part of the value of past labor, 497.

Working Period, a continuous succes- sion of productive periods insured by division of capital into produc- tive and reserve capital, 303.

Working- Period, its differences cause difference in turn-over and amount of capital required, 261.

Working-Period, its different forms, Working- Period, its prolongation re- quires additional circulating capital, Working Period, shortened by produc- tivity of labor, 267.

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