Dr Kenneth Smith is the author of Emile Durkheim and the Collective Consciousness of Society, a Study in Criminology (Anthem Press, 2014) and Perspectivism, a Contribution to the Philosophy of the Social Sciences (The Bardwell Press, 2020).

‘Marx’s work continues to be of unrivalled analytic significance for making sense of the trials and tribulations of the global capitalist economy. The timely publication of Ken Smith’s excellent guide to Marx’s “Capital” will prove to be of great value to researchers, teachers and students striving to make sense of the state we are in.’ —Barry Smart, Professor of Sociology, University of Portsmouth

• Preface to the Second Edition; Introduction; Part I: The Development of the Capitalist Mode of Production; 1. Absolute and Relative Surplus Value in Capital,Vol. I, Ch. 10 and 12; 2. Cooperation and the Division of Labour in Capital, Vol. I, Ch. 13–14; 3. Machinery and Modern Industry in Capital, Vol. I, Ch. 15; 4. Primitive Accumulation in Capital, Vol. I, Part VIII, Ch. 26–33; Part II: The Capitalist Mode of Production; 5. Simple Reproduction in Capital, Vol. I, Ch. 7, 11 and 23; 6. Extended Reproduction in Capital, Vol. I, Ch. 24; 7. Simple Reproduction in Capital, Vol. II, Sections 1–8 55; 8. Extended Reproduction in Capital, Vol. II, Ch. 21, Section 3; 9. The Precipitation of Fixed Capital in Capital, Vol. II, Ch. 21, Sections 1–2; Ch. 20, Section 11; Part III: The Underdevelopment of the Capitalist Mode of Production; 10. Mercantilism and the Circuit of Industrial Capital in Capital, vol. II, Part I, Ch. 1–4; 11. Credit and the Dissolution of the CMP in Capital, Vol. III, Ch. 27; 12. Rudolf Hilferding and ‘Finance Capital’: Capital, Vol. I, Ch. 25, Section 2; 13. Marx on Development and Underdevelopment in Capital, Vol. I, Ch. 25, Section 5; 14. The Tendency of the Rate of Profi t to Fall in Capital, Vol. III, Parts I–III, Ch. 1–15, but especially Ch. 14–15; Part IV: The Value Theory of Labour; 15. The Rate of Profit and the Rate of Surplus Value in Capital, Vol. I, Ch. 9, Section 3, and Vol. III, Parts I and III; 16. The Degree of Exploitation of Labour by Capital in Capital, Vol. I, Ch. 9, Section 1; Ch. 6–7; 17. The Labour Theory of Value and the Value Theory of Labour in Capital, Vol. I, Ch. 1, Sections 1–3; 18. The Reification of Commodity Fetishism in Capital, Vol. I, Ch. 1, Section 4, and Vol. III, Ch. 24; Conclusion; Appendix: On Social Classes; Notes; Bibliography; Index

Dr Kenneth Smith is the author of Emile Durkheim and the Collective Consciousness of Society, a Study in Criminology (Anthem Press, 2014) and Perspectivism, a Contribution to the Philosophy of the Social Sciences (The Bardwell Press, 2020).

‘Marx’s work continues to be of unrivalled analytic significance for making sense of the trials and tribulations of the global capitalist economy. The timely publication of Ken Smith’s excellent guide to Marx’s “Capital” will prove to be of great value to researchers, teachers and students striving to make sense of the state we are in.’ —Barry Smart, Professor of Sociology, University of Portsmouth

• Preface to the Second Edition; Introduction; Part I: The Development of the Capitalist Mode of Production; 1. Absolute and Relative Surplus Value in Capital,Vol. I, Ch. 10 and 12; 2. Cooperation and the Division of Labour in Capital, Vol. I, Ch. 13–14; 3. Machinery and Modern Industry in Capital, Vol. I, Ch. 15; 4. Primitive Accumulation in Capital, Vol. I, Part VIII, Ch. 26–33; Part II: The Capitalist Mode of Production; 5. Simple Reproduction in Capital, Vol. I, Ch. 7, 11 and 23; 6. Extended Reproduction in Capital, Vol. I, Ch. 24; 7. Simple Reproduction in Capital, Vol. II, Sections 1–8 55; 8. Extended Reproduction in Capital, Vol. II, Ch. 21, Section 3; 9. The Precipitation of Fixed Capital in Capital, Vol. II, Ch. 21, Sections 1–2; Ch. 20, Section 11; Part III: The Underdevelopment of the Capitalist Mode of Production; 10. Mercantilism and the Circuit of Industrial Capital in Capital, vol. II, Part I, Ch. 1–4; 11. Credit and the Dissolution of the CMP in Capital, Vol. III, Ch. 27; 12. Rudolf Hilferding and ‘Finance Capital’: Capital, Vol. I, Ch. 25, Section 2; 13. Marx on Development and Underdevelopment in Capital, Vol. I, Ch. 25, Section 5; 14. The Tendency of the Rate of Profi t to Fall in Capital, Vol. III, Parts I–III, Ch. 1–15, but especially Ch. 14–15; Part IV: The Value Theory of Labour; 15. The Rate of Profit and the Rate of Surplus Value in Capital, Vol. I, Ch. 9, Section 3, and Vol. III, Parts I and III; 16. The Degree of Exploitation of Labour by Capital in Capital, Vol. I, Ch. 9, Section 1; Ch. 6–7; 17. The Labour Theory of Value and the Value Theory of Labour in Capital, Vol. I, Ch. 1, Sections 1–3; 18. The Reification of Commodity Fetishism in Capital, Vol. I, Ch. 1, Section 4, and Vol. III, Ch. 24; Conclusion; Appendix: On Social Classes; Notes; Bibliography; Index

Dr Kenneth Smith is the author of Emile Durkheim and the Collective Consciousness of Society, a Study in Criminology (Anthem Press, 2014) and Perspectivism, a Contribution to the Philosophy of the Social Sciences (The Bardwell Press, 2020).

‘Marx’s work continues to be of unrivalled analytic significance for making sense of the trials and tribulations of the global capitalist economy. The timely publication of Ken Smith’s excellent guide to Marx’s “Capital” will prove to be of great value to researchers, teachers and students striving to make sense of the state we are in.’ —Barry Smart, Professor of Sociology, University of Portsmouth

• Preface to the Second Edition; Introduction; Part I: The Development of the Capitalist Mode of Production; 1. Absolute and Relative Surplus Value in Capital,Vol. I, Ch. 10 and 12; 2. Cooperation and the Division of Labour in Capital, Vol. I, Ch. 13–14; 3. Machinery and Modern Industry in Capital, Vol. I, Ch. 15; 4. Primitive Accumulation in Capital, Vol. I, Part VIII, Ch. 26–33; Part II: The Capitalist Mode of Production; 5. Simple Reproduction in Capital, Vol. I, Ch. 7, 11 and 23; 6. Extended Reproduction in Capital, Vol. I, Ch. 24; 7. Simple Reproduction in Capital, Vol. II, Sections 1–8 55; 8. Extended Reproduction in Capital, Vol. II, Ch. 21, Section 3; 9. The Precipitation of Fixed Capital in Capital, Vol. II, Ch. 21, Sections 1–2; Ch. 20, Section 11; Part III: The Underdevelopment of the Capitalist Mode of Production; 10. Mercantilism and the Circuit of Industrial Capital in Capital, vol. II, Part I, Ch. 1–4; 11. Credit and the Dissolution of the CMP in Capital, Vol. III, Ch. 27; 12. Rudolf Hilferding and ‘Finance Capital’: Capital, Vol. I, Ch. 25, Section 2; 13. Marx on Development and Underdevelopment in Capital, Vol. I, Ch. 25, Section 5; 14. The Tendency of the Rate of Profi t to Fall in Capital, Vol. III, Parts I–III, Ch. 1–15, but especially Ch. 14–15; Part IV: The Value Theory of Labour; 15. The Rate of Profit and the Rate of Surplus Value in Capital, Vol. I, Ch. 9, Section 3, and Vol. III, Parts I and III; 16. The Degree of Exploitation of Labour by Capital in Capital, Vol. I, Ch. 9, Section 1; Ch. 6–7; 17. The Labour Theory of Value and the Value Theory of Labour in Capital, Vol. I, Ch. 1, Sections 1–3; 18. The Reification of Commodity Fetishism in Capital, Vol. I, Ch. 1, Section 4, and Vol. III, Ch. 24; Conclusion; Appendix: On Social Classes; Notes; Bibliography; Index