Introduction to The Capital

Author: Xiao Dianhuang (Compiler)
Publisher:
Publish Date: April 1, 2005
Features: This book is written by the author Xiao Dianhuang based on years of teaching and research. It consists of two main parts: "Commentary on The Capital " and "Research on The Capital." The commentary section explains the background, structure, and basic content of The Capital (Volumes I and II) in sequence, divided into twenty lectures: Marx and The Capital; The research object, methodology, structure, system, content, and key points of The Capital; Labor Theory of Value; Theory of Surplus Value; Theory of Capital Accumulation; Theory of Capital Reproduction; Theory of Average Profit and Production Price; Theory of Commercial Capital and Commercial Profit; Theory of Interest Capital; Theory of Rent; Various Incomes and Their Sources; Supplementary Material on The Capital (Volume III). The principles of the commentary are mainly two "balances": One is to provide a comprehensive introduction to the theoretical content of The Capital while highlighting key points, avoiding a one-size-fits-all approach and rigid adherence to form, emphasizing learning efficiency; the other is to strive to remain faithful to the original intent of The Capital and consciously overcome the instinctive tendency to cherry-pick Marx's quotes. The research section analyzes several difficult and key issues in the system of The Capital, divided into eight lectures: The Two Major Turning Points in the System of The Capital; Research Outline of the Labor Theory of Value; Comparison of the Two Economic Paradigms and Their Theories of Value; Core Propositions of the Labor Theory of Value; The Third Major Challenge and Way Out for the Labor Theory of Value; Threefold Standards of Productive Labor under the Socialist Market Economy; Comparative Analysis of Marx's Social Reproduction Theory and Keynes's National Income Determination Theory; Dynamic Transformation Processes.