The Theory of Capitalist Development
Principles of Marxian Political Economy

Sweezy, Paul M.
Publisher:  Monthly Reader, New York, USA
Year Published:  1968   First Published:  1942
Pages:  398pp   ISBN:  85345-079-X
Resource Type:  Book
Cx Number:  CX7677


Table of Contents


Part One. Value and Surplus Value

Marx's Method
The Use of Abstraction
The Historical Character of Marx's Thought

The Qualitative-Value Problem
Use Value
Exchange Value
Labor and Value
Abstract Labor
The Relation of the Quantitative to the Qualitative in Value Theory
The Fetish Character of Commodities

The Quantitative-Value Problem
The First Step
The Role of Competition
The Role of Demand
'Law of Value' vs. 'Planning Principle'
Value and Price of Production
Monopoly Price

Surplus Value and Capitalism
The Origin of Surplus Value
The Components of Value
The Rate of Surplus Value
The Organic Composition of Capital
The Rate of Profit

Part Two. The Accumulation Process

Accumulation and the Reserve Army
Simple Reproduction
The Roots of Accumulation
Accumulation and the Value of Labor Power- The Problem Stated
Marx's Solution - The Reserve Army of Labor
The Nature of the Capitalist Process

The Falling Tendency of the Rate of Profit
Marx's Formulation of the Law
The Counteracting Causes
A Critique of the Law

The Transformation of Values into Prices
The Problem Stated
Marx's Solution
An Alternative Solution
A Corollary of the Bortkiewicz Method
The Significance of Price Calculation
Why not Start with Price Calculation?

Part Three. Crises and Depressions

The Nature of Capitalist Crises
Simple Commodity Production and Crises
Say's Law
Capitalism and Crises
The two types of Crises

Crises Associated with the Falling Tendency of the Rate of Profit

Realization Crises
Crises Arising from Disproportionality
Crises Arising from Underconsumption
Appendix to chapter X

The Breakdown Controversy
Eduard Bernstein
The Orthodox Counter-Attack
Conrad Schmidt
Kautsky's Position in 192
Louis B. Boudin
Rosa Luxemburg
Post-War Attitudes
Henryk Grossmann

Chronic Depression?
The Conditions of Capitalist Expansion
Forces Counteracting the Tendency to Underconsumption
Must Underconsumption Triumph?

Part Four. Imperialism

The State
The State in Economic Theory
The Primary Function of the State
The State as an Economic Instrument
The Question of the Form of Government
Evaluating the Role of the State

The Development of Monopoly Capital
Concentration of Capital
Centralization of Capital
Cartels, Trusts, and Mergers
The Role of the Banks

Monopoly and the Laws of Motion Capitalism
Monopoly and Price
Monopoly and the Rate of Profit
Monopoly and Accumulation
Monopoly and the Rising Costs of Distribution

World Economy
General Considerations
Economic Policy in the Period of Competition
The Transformation of Economic Policy

Nationalism, Militarism, and Racism
Imperialism and the Classes
Imperialism and the State
Wars of Redivision
The Limits of Imperialism

The conditions of Fascism
Fascism's Rise to Power
The Fascist 'Revolution'
The Ruling Class under Fascism
Can Fascism Eliminate the Contradictions of Capitalism?
Is Fascism Inevitable?

Looking Forward
The Prospects of Liberal Capitalist Reform
The Decline of World Capitalism

Appendix A. 'On Reproduction Schemes,' by Shigeto Tsuru

Appendix B. ' The Ideology of Imperialism,' translated from Das Finanzkapital by Rudolf Hilferding

List of Words Cited