Unibg International

Department of Management, Economics and Quantitative Methods

Reading the Grundrisse

Area bacheca: 820&

e) Martha Campbell (SUNY Postdam, USA)
Marx's Transition from Simple Circulation to Capital: A Comparison of the Grundrisse, Urtext and Capital, Volume 1

The transition from simple circulation to capital in the Grundrisse is compared to the two other versions in the Original Text of the Contribution and Capital, Vol. 1. It is argued that the comparison of the three texts clarifies Marx's terminology; in particular, in the transition section of the two earlier texts, Marx uses the term 'value' to refer to capital. It is argued that the basis for the transition is logical in all three versions. That is, Marx turns from simple circulation to capital, on the grounds that simple circulation in its specifically capitalist form (which is how Marx presents it in all three versions) presupposes capital.