CONTENTS

Book III: The Process of Capitalist Production as a Whole

Part One: The Transformation of Surplus-Value into Profit, and of the Rate of Surplus-

Value into the Rate of Profit

Chapter 1: Cost Price and Profit

Chapter 2: The Rate of Profit

Chapter 3: The Relationship between Rate of
Profit and Rate of Surplus-Value

Chapter 4: The effect of the Turnover on the
Rate of Profit

Chapter 5: Economy in the Use of Constant
Capital 1
1. General Considerations
2. Saving on the Conditions of Work at the
Workers' Expense
3. Economy in the Generation and Transmission
of Power, and on Buildings
4. Utilization of the Refuse of Production
5. Economy through Inventions

Chapter 6: The Effect of Changes in Price
1. Fluctuations in the Price of Raw Material;
Their Direct Effects on the Rate of Profit
2. Revaluation and Devaluation of Capital;
Release and Tying-Up of Capital
3. General Illustration: The Cotton Crisis 1861-5

Chapter 7: Supplementary Remarks

Part Two: The Transformation of Profit into Average Profit
Chapter 8: Different Compositions of Capital in Different Branches of Production,

and the Resulting Variation in Rates of Profit

Chapter 9: Formation of a General Rate of Profit (Average Rate of Profit),

and Transformation of Commodity Values into Prices of Production

Chapter 10: The Equalization of the General Rate
of Profit through Competition. Market Prices and Market Values.Surplus Profit

Chapter 11: The Effects of General Fluctuations in Wages on the Prices of Production

Chapter 12: Supplementary Remarks

1. The Causes of a Change in the Price of
Production
2. The Production Price of Commodities of
Average Composition
3. The Capitalist's Grounds for Compensation

Part Three: The Law of the Tendential Fall in the
Rate of Profit
Chapter 13: The Law Itselft
Chapter 14: Counteracting Factors

1. More Intense Exploitation of Labour
2. Reduction of Wages below their Value
3. Cheapening of the Elements of Constant Capital
4. The Relative Surplus Population
5. Foreign Trade
6. The Increase in Share Capital

Chapter 15: Development of the Law's Internal Contradictions
1. General Considerations
2. The Conflict between the Extension of
Production and Valorization
3. Surplus Capital alongside Surplus Population
4. Supplementary Remarks

Part Four: The Transformation of Commodity Capital
and Money Capital into Commercial Capital and
Monty-Dealing Capital (Merchant's Capital)

Chapter 16: Commercial Capital

Chapter 17: Commercial Profit

Chapter 18: The Turnover of Commercial Capital. Prices

Chapter 19: Money-Dealing Capital 431

Chapter 20: Historical Material on Merchant's Capital 440

Part Five: The Division of Profit into Interest and Profit of Enterprise
Chapter 21: Interest-Bearing Capital 459

Chapter 22: Division of Profit. Rate of Interest. 'Natural' Rate of Interest

Chapter 23: Interest and Profit of Enterprise

Chapter 24: Interest-Bearing Capital as the Superficial Form of the Capital
Relation

Chapter 25: Credit and Fictitious Capital

Chapter 26: Accumulation of Money Capital, and
its Influence on the Rate of
Interest

Chapter 27: The Role of Credit in Capitalist Production

Chapter 28: Means of Circulation and Capital.
The Views of Tooke and Fullarton 5

Chapter 29: Banking Capital's Component Parts

Chapter 30: Money Capital and Real Capital

Chapter 31: Money Capital and Real Capital: II (Continuation)
1. Transformation of Money into Loan Capital
2. Transformation of Capital or Revenue into
Money that is Transformed into Loan Capital

Chapter 32: Money Capital and Real Capital: III (Conclusion)

Chapter 33: The Means of Circulation under the
Credit System 653

Chapter 34: The Currency Principle and the English Bank Legislation of 1844

Chapter 35: Precious Metal and Rate of Exchange
1. The Movement of the Gold Reserve
2. The Exchange Rate

Chapter 36: Pre-Capitalist Relations

Part Six: The Transformation of Surplus Profit
into Ground-Rent
Chapter 37: Introduction

Chapter 38: Differential Rent in General

Chapter 39: The First Form of Differential Rent
(Differential Rent I)

Chapter 40: The Second Form of Differential Rent
(Differential Rent II)

Chapter 41: Differential Rent II - First Case:
Price of Production Constant

Chapter 42: Differential Rent II - Second Case:
Price of Production Failing
1. With the Productivity of the Extra Capital
Investment Remaining Constant
2. A Falling Rate of Productivity for the
Extra Capital
3. A Rising Rate of Productivity for the Extra
Capital

Chapter 43: Differential Rent II - Third Case:
Rising Price of Production. Results

Chapter 44: Differential Rent Even on the Poorest
Land Cultivated

Chapter 45: Absolute Ground-Rent

Chapter 46: Rent of Buildings. Rent of Mines.
Price of Land

Chapter 47: The Genesis of Capitalist Ground-Rent
1. Introduction
2. Labour Rent
3. Rent in Kind
4. Money Rent
5. Share-Cropping and Small-Scale Peasant Ownership

Part Seven: The Revenues and Their Sources
Chapter 48: The Trinity Formula

Chapter 49: On the Analysis of the Production Process

Chapter 50: The Illusion Created by Competition

Chapter 51: Relations of Distribution and
Relations of Production

Chapter 52: Classes

Supplement and Addendum to Volume 3 of Capital
(Frederick Engels)
1. Law of Value and Rate of Profit
2. The Stock Exchange