William J. Blake

An American Looks at Karl Marx


Published: 1939
Publisher: Cordan Company, New York
Transcription/Markup: Twig (2025)


 

Table of Contents

Preface

SECTION I: PRELIMINARIES TO MARXIAN POLITICAL ECONOMY

 1 Historical Basis of Marxian Economic Theory
 2 The Antecedents of Capitalism
 3 Origin of the Capitalist System
 4 Manufacture and Machinery
 5 The Proletariat in the Machine Age

SECTION II: THE MARXIST ANALYSIS OF THE PREVAILING CAPITALIST ECONOMY

 6 Commodities and Value
 7 The Forms of Value
 8 Why Karl Marx’s Theories Are So Complex
 9 Exchange
10 Money, or the Circulation of Commodities
11 Capital
12 The Enigma of Surplus-Value Solved
13 Absolute Surplus-Value
14 Constant and Variable Capital
15 The Rate of Surplus-Value
16 The Working Day
17 Rate and Mass of Surplus-Value
18 The Functioning of Capitalist Production, or Relative Surplus-Value
19 The Effect of Machinery on the Workers
20 The Total System of Surplus-Value; Synthesis of Absolute and Relative Laws
21 The Law of Profit
22 Wages, the Price of Labor-Power
23 The Accumulation of Capital
24 The General Law of Capitalist Accumulation
25 The Industrial Reserve Army
Interlude: From Production to Profits
26 The Tendency of the Rate of Profits to Decline
27 Commercial Capital as a Participant in Surplus
28 Division of Surplus-Value Outside Production and Circulation:
     I. Interest
    II. Rent
29 Social Accumulation of Capital
30 The Theory of Crises
Interlude: Marxian Economic Theory Since the Death of Engels
31 Finance Capital, Industrial Monopoly, and Imperialism
32 Money, Investment, Debt, in Present-Day Economy

SECTION III: THE ATTACK ON MARXIAN ECONOMIC THEORY

33 Bohm-Bawerk and the Austrian School
34 Revisionism
35 A: Critique of the Exploitation Theory
  B: The Debate on Accumulation
36 British Critics of Marxism
37 American Criticism of Marxism
38 Miscellaneous Critiques and Objection

SECTION IV: SOURCES AND PHILOSOPHY OF MARXIST POLITICAL ECONOMY

39 Economic Theories of Capitalist Society
40 Sources of Marxian Economic Theory
41 Dialectical Materialism and Historical Materialism

Bibliographical Guide
Appendices I to V
Economic Terms Employed by Karl Marx and Frederick Engels
A Socialist Chronology