description: Capital, Vol 3, subtitled The Process of Capitalist Production as a Whole, was prepared by Engels from notes left by Marx &amp; published in 1894. It's in seven parts:1.The conversion of Surplus Value into Profit &amp; the rate of Surplus Value into the rate of Profit2.Conversion of Profit into Average Profit3.The Law of the Tendency of the Rate of Profit to Fall4.Conversion of Commodity Capital &amp; Money Capital into Commercial Capital &amp; Money-Dealing Capital (Merchant's Capital)5.Division of Profit into Interest &amp; Profit of Enterprise, Interest Bearing Capital6.Transformation of Surplus-Profit into Ground Rent.7.Revenues &amp; Their SourcesThe work is best known for part 3, which in summary says that as the organic fixed capital requirements of production rise as a result of advancements in production generally, the rate of profit tends to fall. This result, which many Marxists believe is a principal contradictory characteristic leading to an inevitable collapse of the capitalist order, was held by Marx &amp; Engels to, as a result of various contradictions in the capitalist mode of production, result in crises whose resolution necessitates the emergence of an entirely new mode of production as the culmination of the same historical dialectic that led to the emergence of capitalism from prior forms.
language: Spanish; Castilian
title: El Capital 3, 2 Vols
titlecomplete: El Capital 3, 2 Vols
genres: Sociology, History, Classics, German Literature, Theory, Economics, Philosophy, 19th Century, Politics, Nonfiction
ratings_count: 1183
series: Karl Marx, Frederick Engels: Collected Works, Capital
publisher: Folio Publ. Corp.