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The Critical Responses to Volume 3 of Marx’s Capital and the Early Development of Marxism

Marx published volume 1 of Capital in 1867. He never published any further volumes of the work in his lifetime. Early reviews and critiques of volume 1 included Eugen Dühring (1867; 1871; 1875), Carl Knies (1873), Maurice Block (1872; 1884a; 1884b), Wilhelm Roscher (1874), Achille Loria (1884), Eugen von Böhm-Bawerk (1884); Philip H. Wicksteed (1884 = Wicksteed 1933), Richard Theodore Ely (1883), George Bernard Shaw (1885), Knut Wicksell (1893 = Wicksell 1954) and Vilfredo Pareto (1893).In...

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Two Instances where Marx’s Theory of Value in Volume 3 Intrudes into Volume 1 of Capital

In fact, it happens in two obscure footnotes in Chapters 5 and 8 in volume 1 of Capital.The first comes in a footnote at the end of Chapter 5 in which Marx discusses the nature of capital. I give the relevant part of the main text with the footnote below: “The conversion of money into capital has to be explained on the basis of the laws that regulate the exchange of commodities, in such a way that the starting point is the exchange of equivalents.1”[Footnote] (1) “From the foregoing...

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