Bookmarks in Capital Volume II

(using Penguin Harmondsworth Version)

Separation from means of production as a precondition for capitalist production – (117 & 176)

Absences/ Lacunae – theorisation of Labour (see 196-199)

Simplifying abstractions (186):

Consumption presupposes in form C’ total individual consumptions

Circulation time is a limit on productivity and valorisation, ideally – reduce to zero. (203)

Circulation just as important as production; thus agents of circulation are also agents of production (205)

Hired merchants and employees are not productive of value. His payment and that of bookkeeping is deducted from total commodity product. (210)

Note: (212) diversity of agents within capital circulation (including capial) not homogenus.

Political Economy notices all 3 forms of circulating capital but never all together and never theorised in unison. (235)

Confusions of PE over fixed and circulating capital and their conflation of the two. (241)

Absence of social plan for development (252)

Political Economy and presentation (263)

Change of form mediates continuity of capital’s function + Smith’s crudely empirical conception that presents it just as it appears to capital. (276)

Stuff on one-sided subjectivity of individual capitalist. (277) This is counterpoised to ‘the social point of view’ adopted by Marx (283), also called ‘society’s standpoint’ (285)

The physiocrats did not really see labour as productive even in agriculture as it was the special form of its collaboration with nature. (290)

Ricardo, Smith and PE conflate C with V under circulating capital, obscuring exploitative basis of production of surplus value. (297)

‘Self-objectifying’ labour (moving) resulting in ‘motionless form’ ‘as created value’ (300)
Circulation time/ selling time; communication and transport (326)

Tendency to world market (329)

Now view from capitalist society as a whole (382)