With Monthly Review's publication of this translation, Michael Heinrich's magisterial introduction, which has established itself as the standard reference in Germany in little under a decade, is now finally available to English-speakers. It has gone through nine editions in Germany, is the standard work for Marxist study groups, and is used widely in German universities. His An Introduction to the Three Volumes of Karl Marx's Capital is probably the most popular introduction to Marx's economic works in Germany. A common-sense ploy notes the inflated prices of some commodities, such as a work of art, whose exchange value is clearly not strongly related to the labour expended in its creation pp. Although mainstream economists and commentators once dismissed Marx's work as outmoded and flawed, some are begrudgingly acknowledging an analysis that sees capitalism as inherently unstable. The German Marxist Michael Heinrich wrote this introduction in 2004, and it is very welcome that it is now available in English. This is a mystification of social relations, but in one sense it is also a true statement of conditions in capitalism p.
I'd consider it a worthwhile read in general if you want to understand the basis of the criticism of capitalism as a system. Heinrich reproduces Adam Smith's argument that usefulness can not be the basis of value, but usefulness is not the only candidate. Совершенно новый: Новая, непрочитанная, неиспользованная книга в отличном состоянии без отсутствующих или поврежденных страниц. That someone uses something, while others just expend labor to build it, seems to be a very big deal to him. Those who propose such interference should have the burden of proof that it is indeed absolutely necessary. Although this book is titled 'An Introduction to. First of all, its language is clear, precise and accurate, so that everybody will be able to understand very difficult terms like surplus value, avarage profit, etc.
He provides background information on the intellectual and political milieu in which Marx worked, and looks at crucial issues beyond the scope of Capital, such as class struggle, the relationship between capital and the state, accusations of historical determinism, and Marx's understanding of communism. The author systematically covers all three volumes of Capital and explains all the basic aspects of Marx's critique of capitalism in a way that is clear and concise. But as we will see in the next section Heinrich's approach prohibits this sort of scientific test. In this sense the whole really is more than the sum of its parts, and the individual is not an atom but a social being. They can increase profit by increasing sales or by decreasing expenses.
Modern economics has not solved the problems thrown up by classical economists, but largely by-passed them. Probably the best short introduction to Capital. The global economic crisis and recession that began in 2008 had at least one unexpected outcome: a surge in sales of Karl Marx's Capital. Overall this is a good book if you've already read all three volumes, and are looking for intellectual stimulus, some ingenious ideas, interesting interpretations, etc. Capital Vol 1, page 12 of the Marxist Internet Archive pdf file Heinrich rejects this formulation because : The reduction of various types of labor to labor in a physiological sense, however, is a purely mental abstraction, to which any kind of labor can be subjected, regardless of whether it produces a commodity.
It has gone through nine editions in Germany, is the standard work for Marxist study groups, and is used widely in German universities. I guess he thinks it's a bad thing that no one can just relax and enjoy a guaranteed profit for mediocre performance? Which is, again, not to call this Orthodox -- it isn't. How can we tell that it is not some other input to the production process that is key? As a result, the system is always precariously balanced at the best of times. The global economic crisis and recession that began in 2008 had at least one unexpected outcome: a surge in sales of Karl Marx's Capital. The author systematically covers all three volumes of Capital and explains all the basic aspects of Marx's critique of capitalism in a way that is clear and concise. I wanted to hear him out, in his own words.
Initially the gymnosperms and angiosperms were categorised just on the basis of a common traits in seed morphology. I've considered the possibility that Karl Marx was just misunderstood, and his ideas abused by tyrants. In brief, a superb short outline of Marx's economic analysis as laid out in the three volumes of Capital. But at the same time, the reader has to be aware that Heinrich is presenting a special and somewhat controversial interpretation of Marx. Moreover, Ernest Mandel's introduction in all three volumes of Capital is a far more consistent, and helpful introduction to each volume of Capital, albeit equally aggressive. Among orthodox economists, the labour theory of value is now regarded as something totally archaic and discredited, so a contemporary reader of Capital can not rely on a general and tacit acceptance that values were regulated by labour time.
Heinrich also does an excellent job of drawing together the three volumes to explain what Marx is attempting in each, while showing how they join to create a overarching analysis. Great when paraphrasing and translating into modern terms Marx's writings. Overall, Heinrich attempts to rein in later misinterpretations or later misunderstandings of Capital, to reveal and explain its original purpose - that of being a critique of political economy, where that is to be understood as a critique of the foundations of the study of political economy as practiced at the time. But not as a fundamental development. The reason is that my demand for the chair has increased. Likewise, the carpenter also has value added to the chair: the value of goods and services of others without having to learn all the skills and obtain the tools necessary for them, but instead do what he does best: building chairs.
This is most obvious with an unemployed person. Clearly Monthly Review Press had some trouble publishing this book - it came out 2 months later than they indicated on the website - and the Preface to the book is riddled with errors. Heinrich however presents a quite different interpretation of abstract labour one that he founds on his concept of real as opposed to mental abstractions. Although mainstream economists and commentators once dismissed Marx's work as outmoded and flawed, some are begrudgingly acknowledging an analysis that sees capitalism as inherently unstable. The chatter about the need to prove the concept of value arises only from complete ignorance both of the subject under discussion and of the method of science. An issue I had was his discussion of the transformation problem, he was very brief might be better that way and my impression is that he leans toward the New Interpretation which I don't think I support.
If Marx's aphorism is evolutionary nonsense what is the justification for Heinrich taking it as a good guide to understand history? Capital is a tremendously difficult book and I think Heinrich's introduction could aid people who are new to Marx but also those who have already read Capital and other works. One aspect of Capital that could well seem daunting is the number of terms with quite precise meanings, such as the various concepts of value, their distinction from price, or surplus value, which is not quite the same thing as profit, or even further, the various specific forms of capital. It is the relationship I and others have to chairs, which constantly changes as our needs change and the ability to create chairs changes. The global economic crisis and recession that began in 2008 had at least one unexpected outcome: a surge in sales of Karl Marx's Capital. Once you pass the preface, the proper editing and translation arises. Unlike most introductions to Capital, Heinrich's does not stop at Volume I, but provides a guide to readers attempting to tackle all three volumes by providing clarification of key terms, in a concis This is truly the best Introduction to Marx's Capital available.
This last point is particularly advantageous, because in clarifying certain potentially controversial points concerning abstract labor and the substance of value, Heinrich is able to buttress his arguments with quotations from Marx's own revision manuscripts for the first volume some of which were incorporated into the French edition, the last edition supervised by Marx in his lifetime. I particularly liked his discussion of commodity fetishism, I felt he explained it better than other authors have including Marx. Alongside this he manages to fit in the history of Marxism, demystify the ambiguous term dialectic, and throw in a final chapter on the role of the state in capitalism, all the while refuting common mistakes about the Marxian corpus. Rather, the opposite is the case: to examine the constitution of a particular social and economic structure, one has to be already familiar with the completed structure. Thus, don't read this book as introduction, but as food for thought, and a source to challenge your own reading of Marx. In 2004, he first published the German edition of the Introduction.