Explain the bookclub: We are reading Volumes 1, 2, and 3 in one year and discussing it in weekly threads. (Volume IV, often published under the title Theories of Surplus Value, will not be included in this particular reading club, but comrades are encouraged to do other solo and collaborative reading.) This bookclub will repeat yearly. The three volumes in a year works out to about 6½ pages a day for a year, 46⅔ pages a week. However, we're a bit ahead of the curve right now, and can slow down to about 41 pages a week.

I'll post the readings at the start of each week and @mention anybody interested. Let me know if you want to be added or removed.

Just joining us? You can use the archives below to help you reading up to where the group is. There is another reading group on a different schedule at https://lemmygrad.ml/c/genzhou (federated at !genzhou@lemmygrad.ml ) which may fit your schedule better. The idea is for the bookclub to repeat annually, so there's always next year.

Archives: Week 1 – Week 2 – Week 3 – Week 4 – Week 5 – Week 6 – Week 7 – Week 8 – Week 9 – Week 10 – Week 11 – Week 12 – Week 13 – Week 14 – Week 15 – Week 16 – Week 17 – Week 18 – Week 19 – Week 20 – Week 21 – Week 22 – Week 23 – Week 24 – Week 25 – Week 26 – Week 27 – Week 28 – Week 29 – Week 30 – Week 31 – Week 32 – Week 33 – Week 34 – Week 35 – Week 36

Week 37, Sept 9-15 – Chapters 17, 18, and 19 of Volume III.

Chapter 17 is called Commercial Profit

Chapter 18 is called The Turnover of Merchant's Capital

Chapter 19 is called Money-Dealing Capital

https://www.marxists.org/archive/marx/works/1894-c3/index.htm

Discuss the week's reading in the comments.

  • Doubledee [comrade/them]
    ·
    2 months ago

    So commercial capital is basically a way capitalists socialize their own work? That idea had not occurred to me as a possibility before.

    Does monopoly solve the tension between industrial capital and commercial capital? It seems like a lot of the inefficiencies commercial capital solves (centralizing correspondence, reducing the number of entities needed to conduct exchange, maintaining fewer, larger facilities than scattered industrial capitalists can) could be reduced or eliminated in a firm that effectively monopolized a market. I dunno.

    Ideally it seems like you want as fast of turnover as can happen, because it reduces the amount of capital that has to be reserved for commerce, which cuts into profit less.