Capital Volume 3
A Critique of Political Economy
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Narrated by:
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Derek Le Page
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By:
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Karl Marx
About this listen
After the detailed history and workings of the development of capitalism in Capital Volumes I and 2, Marx set out, in Capital Volume 3 to consider the future of capitalism, its direction and its inevitable fall from a series of crises and faults intrinsic to the system itself.
Published in 1894, 11 years after the death of Marx himself, Capital Volume 3 was the product of the untiring and meticulous work of Friedrich Engels working from Marx’s outline and notes and carried the subtitle The Process of Capitalist Production as a Whole.
In seven parts, Marx and Engels were determined to demonstrate that private property, competition and the market economy driven by the profit motive must lead to the demise of capitalism. They were convinced that only the curbing of the individual profit motive can lead to the end of the mass poverty and the destitution that was evident to Marx, Engels and many others concerned with the social inequities of civilisation continuing throughout history.
The following comes from chapter 5: 'Capitalist production, when considered in isolation from the process of circulation and the excesses of competition, is very economical with the materialised labour incorporated in commodities. Yet, more than any other mode of production, it squanders human lives, or living-labour, and not only blood and flesh, but also nerve and brain. Indeed, it is only by dint of the most extravagant waste of individual development that the development of the human race is at all safeguarded and maintained in the epoch of history immediately preceding the conscious reorganisation of society.'
The seven parts of Capital Volume 3 are:
- The conversion of Surplus-Value into Profit and the Rate of Surplus-Value into the Rate of Profit.
- Conversion of Profit into Average Profit.
- The Law of the Tendency of the Rate of Profit to Fall.
- Conversion of Commodity-Capital and Money-Capital into Commercial Capital and Money-Dealing Capital (Merchant's Capital).
- Division of Profit Into Interest and Profit of Enterprise. Interest Bearing Capital.
- Transformation of Surplus-Profit into Ground Rent.
- Revenues and Their Sources.
Derek Le Page, in his masterly but temperate reading, sustains and clarifies the arguments and vision of Marx and Engels which had, and continues to have, such an impact on the world. In support of this unabridged recording there is a downloadable PDF which sets out some of the tables used by the authors. Translation: Institute of Marxism-Leninism, Moscow.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
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Niall Ferguson follows the money to tell the human story behind the evolution of finance, from its origins in ancient Mesopotamia to the latest upheavals on what he calls Planet Finance. Bread, cash, dosh, dough, loot, lucre, moolah, readies, the wherewithal: Call it what you like, it matters. To Christians, love of it is the root of all evil. To generals, it's the sinews of war. To revolutionaries, it's the chains of labor. Niall Ferguson shows that finance is in fact the foundation of human progress.
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A mostly successful and interesting history
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By: Niall Ferguson
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The End of Normal
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The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe - and a stale argument between two false solutions, “austerity” on one side and “stimulus” on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000 - interrupted only by the troubled 1970s - represented a normal performance.
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The Economics of Inequality
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Succinct, accessible, and authoritative, Thomas Piketty’s The Economics of Inequality is the ideal place to start for those who want to understand the fundamental issues at the heart of one the most pressing concerns in contemporary economics and politics. This work now appears in English for the first time.
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A Survey of the Economics of Inequality
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Dead Aid
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A national best-seller, Dead Aid unflinchingly confronts one of the greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined - and millions continue to suffer. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Dambisa Moyo offers a bold new road map for financing the development of the world's poorest countries.
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Dangerous / Right Wing US view
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Money
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From ancient currency to Adam Smith, from the gold standard to shadow banking and the Great Recession: a sweeping historical epic that traces the development and evolution of one of humankind’s greatest inventions.
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Difficult to imagine how it could be worse
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Free to Choose
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Milton Friedman and his wife, Rose, teamed up to write this most convincing and readable guide, which illustrates the crucial link between Adam Smith's capitalism and the free society. They show how freedom has been eroded and prosperity undermined through the rapid growth of governmental agencies, laws, and regulations.
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Fantastic
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The Rise of Carry
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The financial shelves are filled with books that explain how popular carry trading has become in recent years. But none has revealed just how significant a role it plays in the global economy - until now. A groundbreaking book sure to leave its mark in the canon of investing literature, The Rise of Carry explains how carry trading has virtually shaped the global economic picture - one of decaying economic growth, recurring crises, wealth disparity, and, in too many places, social and political upheaval.
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Good framework, games out the possibilities
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How Europe Underdeveloped Africa
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Guyanese intellectual Walter Rodney emerged as one of the leading thinkers and activists of the anticolonial revolution. In 1980, shortly after founding of the Working People's Alliance in Guyana, the 38-year-old Rodney would be assassinated. In his magnum opus, Rodney incisively argues that grasping "the great divergence" between the West and the rest can only be explained as the exploitation of the latter by the former. This meticulously researched analysis of the repercussions of European colonialism in Africa remains an indispensable study for grasping global inequality today.
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A Superb must read for everyone
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A Brief History of Doom
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Financial crises happen time and again in post-industrial economies - and they are extraordinarily damaging. Building on insights gleaned from many years of work in the banking industry and drawing on a vast trove of data, Richard Vague argues that such crises follow a pattern that makes them both predictable and avoidable. A Brief History of Doom examines a series of major crises over the past 200 years in the United States, Great Britain, Germany, France, Japan, and China - including the Great Depression and the economic meltdown of 2008.
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Great Continuity
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What listeners say about Capital Volume 3
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Amar Dave
- 09-08-22
The brilliance of Karl Marx
At 47 hours a volume audibles made it possible to at least have taste of genius. How misunderstood he was and he is today by the masses where average person and majority of the inhabitant correlate him and his writing with atheism and Godlessness 🙄, where as he had nothing to do with that matter. He was a political economist and proposed the “ labor theory of economics” on well founded principles!
Unfortunate thing is there is no place in school and college curricula to even talk about his work🙄100% of high school seniors never heard his name forget about his theories 🙄we continue to live in “self inflicted dark ages” voluntarily 🙄 The self inflicted ignorance, idiocy and stupidity despite unbounded access to knowledge in the era of internet 🙄
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- Stef
- 09-07-21
Soooooo Dense
the content is good and the sassy remarks are enjoyable, but if you (like me) struggle with Hegelian dialectics then this book can be overwhelming in parts. Overall I still recommend the listen as Derek Le Page makes it as accessable as possible and the content is still relevant.
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