Introduction to the Three Volumes of Karl Marx's Capital reviewed on Counterfire
There are an increasing number of helpful introductions to Capital to make it more accessible for those reluctant to jump in feet first. The German Marxist Michael Heinrich wrote this introduction in 2004, and it is very welcome that it is now available in English. One aspect of Capital that could well seem daunting is the number of terms with quite precise meanings, such as the various concepts of value, their distinction from price, or surplus value, which is not quite the same thing as profit, or even further, the various specific forms of capital. An understanding of these is not in fact difficult to acquire and Heinrich’s short book is a crisp and clear introduction to all the relevant concepts, and the very exact ways in which Marx uses them. | more…