Logic of Marx's Capital

Tony Smith is Associate Professor of Philosophy at Iowa State University of Science and Technology.

"Tony Smith has now written a book that conclusively demonstrates that Marx's commitment to Hegelian dialectic is much more thoroughgoing, fundamental, and central to Marx's thought than anyone had previously seen. He has done a brilliant job in demonstrating the Hegelian dialectical logic that structures Capital. No one had ever worked this out in such detail, with such rigor, and with such convincing arguments. This is thus a scholarly achievement of the highest order: Smith has produced a highly original, extremely well-written and argued, and important work that is sure to be cited and debated for decades to come." — Douglas Kellner, University of Texas at Austin"I am most impressed by its originality and systematic character. There is nothing in the literature on Marxism that is anything like it, and responding in such detail to Hegelian criticisms proves to be a wonderfully enlightening approach to a lot that has been unclear about Marxism, especially its exposition. For anyone interested in Marxism, especially his dialectical method and economic theories, the book is extremely significant." — Bertell Ollman, New York University

• Introduction Part One Philosophical Foundations Chapter I: Hegel: Method and System A. Hegel's Dialectical MethodB. Dialectical Logic and Materialist OntologyC. SystemChapter II: Dialectical Logic in Marx's Work A. Indirect Arguments for Reading "Capital" in Terms of Hegelian Dialectical LogicB. Direct Arguments for Reading "Capital" in Terms of Dialectical LogicPostscript: Marx's Materialism and Hegel's IdealismChapter III: Hegelian Readings of "Capital" A. Alternative Readings of "Capital" as a Dialectical TheoryB. The Main Hegelian Objections to "Capital"Part Two The Systematic Ordering Chapter IV: The Value Form A. A Standard Reading of The First Sections of "Capital"B. Hegelian Objections to The Initial Categories in "Capital"C. An Alternative ReadingD. Responses to the Hegelian ObjectionsChapter V: The Simple Commodity Form and the Money Form A. The Simple Commodity FormB. The Dialectic of The Money FormC. Closing RemarksChapter VI: The Initial Determinations of the Capital Form: Labor Power as Commodity, Exploitation A. The Capital Form, Capital in Production, and Labor Power as CommodityB. ExploitationChapter VII: Categories of the Production Process Proper A. Simple Cooperation and Capital as Principle of OrganizationB. Capital as Principle of TransformationC. AccumulationD. Excursus: Capital and Independent ProducersE. ConclusionChapter VIII: The Categories of Circulation A. The Transition to Capital in DifferenceB. The Dialectic of Capital in DifferenceC. Hegelian Objections and Replies to The ObjectionsChapter IX: The Categories of Concretion A. The Dialectic of Industrial CapitalB. The Dialectic of Supply and DemandC. The Falling Rate of ProfitD. The Dialectic of Nonindustrial CapitalE. Evaluation of The Final Stages of The Capital FormChapter X: Conclusion A. Value Theory and Its AlternativesB. The State FormC. The Socialist Form of Social ProductionAppendix: A Table of the Categories in Capital Notes Bibliography Index