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Archive for the ‘Capital Volume 3, Part 6: The Transformation of Surplus Profit into Ground-Rent’ Category

The purpose of this chapter is to deal with those preliminary issues that Marx feels are important before beginning the analysis proper.

 

I  The object of enquiry

Marx sets out at the beginning that here he is interested in an analysis of landed property only insofar as it is dominated by the capitalist mode of production, i.e. that ‘rural production is pursued by capitalists, who are distinguished from other capitalists […] simply by the element in which their capital and the wage labour that it sets in motion are invested.’ If this is the case then this also presupposes that capitalist production dominates production in general and that there exists: (1) the free competition of capitals; (2) the free transferability of capital from one sector to another; (3) an equalised average rate of profit.

More (pdf: 100KB): capital_v3_ch37

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