Collected Works, Volume 33: Marx 1861-63
Karl Marx, Friedrich Engels
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Volume 33 is the fourth of the five volumes containing the Economic Manuscript of 1861-63.
Marx/Engels Collected Works (MECW) is the largest collection of translations into English of the works of Karl Marx and Friedrich Engels. It contains all works published by Marx and Engels in their lifetimes and numerous unpublished manuscripts and letters. The Collected Works, which was translated by Richard Dixon and others, consists of 50 volumes. It was compiled and printed between 1975 and 2005 by Progress Publishers (Moscow) in collaboration with Lawrence and Wishart (London) and International Publishers (New York).
The Collected Works contains material written by Marx between 1835 and his death in 1883, and by Engels between 1838 and his death in 1895. The early volumes include juvenilia, including correspondence between Marx and his father, Marx's poetry, and letters from Engels to his sister. Several volumes collect the pair's articles for the Neue Rheinische Zeitung.
Other volumes in the Collected Works contain well-known works of Marx and Engels, including The Communist Manifesto, The Eighteenth Brumaire of Louis Napoleon, and Capital, lesser-known works, and previously unpublished or untranslated manuscripts. The Collected Works includes 13 volumes of correspondence by the mature Marx and Engels, covering the period from 1844 through 1895.
Although the Collected Works is the most complete collection of the work by Marx and Engels published to date in English, it is not their complete works. A project to publish the pair's complete works in German is expected to require more than 120 volumes.
same money, or its displacement as means of circulation. T h e RETURN of the money as capital, accomplished by the twofold displacement of the commodity or its sale twice (or more times) in succession. But the repetition of this process, and therefore the purchase of the commodity, is mediated by the twofold displacement of the money which has returned, or its function as means of circulation. The rapidity of turnover of merchants' capital is therefore dependent on 2 moments: 1) On the rapidity
II. His (the MANUFACTURERS) capital has thereby completed its circulation process and is once again in the sphere of production. The £1,000 in the hands of the yarn dealer represent on the one hand the RETURN of his money capital, the reconversion of his money into money. But with reference to the yarn itself, hence productive capital, the £1,000 represent in fact its first metamorphosis, its conversion into money (although this has already happened for the yarn MANUFACTURER specifically through
that profit is not to be understood exclusively as what is called industrial or commercial profit.) Considered with respect to its material, profit is absolutely nothing but surplus value itself. Considered with respect to its absolute magnitude, it therefore does not differ from the surplus value produced by capital over a particular turnover time. It is surplus value itself, but calculated differently. By its nature, surplus value is related to that part of the advanced capital through exchange
paying debts.) Where the small producer needs money above all, is for payment. In both cases money is used as money. Hoard formation, on the other hand, only becomes real, fulfils its dream, in usury. What is demanded of the usurer is not capital, but money as money, and through interest he converts this hoard of money for himself into capital, self-valorising value, a means whereby he takes control of part of the surplus labour and part of the conditions of production themselves, even if they
production, and therefore of the volume and measure of development of fixed capital, the mania to prolong the normal working day sets in to such a degree that the intervention of governments becomes necessary everywhere precisely at that point. But this can come later. 8* 104 Capital and Profit 7) [GENERAL LAW OF T H E FALL IN T H E RATE OF PROFIT W I T H T H E PROGRESS OF CAPITALIST PRODUCTION] We have seen (6 g)) a that real profit—i.e. the current average profit and its rate—is different