| CHAPTER 1 | |
|
THE SUBJECT-MATTER
OF POLITICAL ECONOMY |
|
| 9 | [introduction.] |
| 9 | Productive Forces |
| 11 | Relations of Production |
| 12 |
The Connection Between Productive Forces
and Relations of Production |
| 13 |
Social Structure of Society.
Basis and Superstructure |
| 14 | Economic Laws |
| 16 | Party Spirit in Political Economy |
| CHAPTER 2 | |
|
PRE-CAPITALIST MODES
OF PRODUCTION |
|
|
1. The Primitive-Communal Mode
of Production |
|
| 17 | [introduction.] |
| 17 | Productive Forces |
| 18 | Relations of Production |
| 19 |
Disintegration of the Primitive-Communal
Mode of Production |
| 2. Slavery | |
| 20 | Emergence of Slavery |
| 20 | Productive Forces under Slavery |
| 21 |
Emergence of Economic Inequality
of Classes and of the State |
| 22 |
Production Relations
under Slavery |
| 22 |
Contradictions Within
the Slave-Owning System |
| 23 | The Decay and Fall of Slavery |
| 3. The Feudal Mode of Production | |
| 24 | Emergence of Feudalism |
| 25 | Productive Forces |
| 25 | Relations of Production |
| 27 | Decay of Feudalism |
| 27 | Vestiges of Feudalism |
| CHAPTER 3 | |
| CAPITALIST COMMODITY PRODUCTION | |
|
1. The Principal Features
and Stages in the Development of the Capitalist Mode of Production |
|
| 28 | Emergence of Capitalism |
| 29 |
The Development
of Productive Forces. Relations of Production |
| 30 |
Stages in the Development
of Capitalism |
| 2. Types of Commodity Economy | |
| 31 | The Main Features of Commodity Production |
| 31 | Types of Commodity Production |
|
3. The Commodity
and the Labour Contained in It |
|
| 32 | Properties of the Commodity |
| 33 |
Dual Character of Labour
Embodied in Commodity |
| 34 | Magnitude of Value |
| 36 | Form of Value |
|
4. Money. Its Essence
and Functions |
|
| 37 | The Essence of Money |
| 38 | The Functions of Money |
| 40 |
The Amount of Money
Needed for Circulation |
| 41 | Inflation |
| 5. The Law of Value | |
| 42 |
Essence of the Law of Value.
Its Role as the Blind Regulator of Productive Forces |
| 43 |
Impact of the Law of Value
on the Development of Productive Forces. Differentiation of Producers |
| 44 | Commodity Fetishism |
| CHAPTER 4 | |
| CAPITALIST EXPLOITATION | |
|
1. The Transformation
of Money into Capital |
|
| 45 | General Formula for Capital |
| 45 |
Contradiction of
the General Formula for Capital |
| 46 | Labour Power as a Commodity |
| 2. Production of Surplus Value | |
| 48 |
The Process of Labour Under Capitalism.
Increment of Value |
| 49 | Capital: Its Essence and Structure |
| 51 | Mass and Rate of Surplus Value |
| 52 |
Methods of Intensifying the Exploitation
of the Workers |
| 53 |
Extra Surplus
Value |
| 54 |
The Main Economic Contradiction
of Capitalism |
| 55 |
Fundamental Economic
Law of Capitalism |
| 3. Wages | |
| 55 | The Real Essence of Wages |
| 56 | Time Wages |
| 57 | Piece Wages |
| 57 | “Profit-Sharing” |
| 58 | Nominal and Real Wages |
|
4. Capital Accumulation.
The Position of the Working Class |
|
| 59 | [introduction.] |
| 59 |
Simple Reproduction
Under Capitalism |
| 60 | Capitalist Accumulation |
| 60 | Organic Composition of Capital |
| 61 | Concentration and Centralisation of Capital |
| 61 |
Accumulation of Capital
and the Industrial Reserve Force |
| 63 |
General Law
of Capitalist Accumulation |
| 63 |
Relative Deterioration
of the Workers’ Position |
| 64 |
Absolute Deterioration
in the Workers’ Position |
| 66 |
Historical Trend
of Capitalist Accumulation |
| CHAPTER 5 | |
|
THE DISTRIBUTION
OF SURPLUS VALUE BETWEEN GROUPS OF EXPLOITERS |
|
|
1. Transformation of Surplus
Value into Profit |
|
| 68 |
Capitalist Costs
of Production and Profit |
| 69 | Profit Rate |
| 69 | Formation of Average Profit |
| 71 | Price of Production |
| 72 |
Law of the Downward Trend
of the Profit Rate |
|
2. Commercial Capital
and Commercial Profit |
|
| 73 | Commercial Capital |
| 74 | Commercial Profit |
| 75 | Circulation Costs |
| 75 | Exploitation of Sales Workers |
| 3. Loan Capital and Loan Interest | |
| 76 | Loan Capital |
| 77 | Loan Interest |
| 77 | Capitalist Credit |
| 78 | Joint-Stock Companies |
|
4. Ground Rent.
Agrarian Relations in Capitalist Society |
|
| 78 | [introduction.] |
| 78 | Differential Rent |
| 81 | Absolute Rent |
| 82 | Advance of Capitalism in Agriculture |
| CHAPTER 6 | |
|
THE REPRODUCTION
OF SOCIAL CAPITAL. ECONOMIC CRISES |
|
| 1. Aggregate Social Product | |
| 84 | [introduction.] |
| 84 | Two Departments of Social Production |
|
2. Simple and Extended
Capitalist Reproduction |
|
| 85 | [introduction.] |
| 85 | Realisation Under Simple Reproduction |
| 86 |
Conditions for Realising the Product
Under Extended Reproduction |
| 88 |
Law of Priority
Growth of Production of Means of Production |
|
3. Antagonistic Contradictions
of Capitalist Reproduction and Economic Crises |
|
| 88 |
The Main Contradiction
of Capitalism—the Fundamental Cause of Economic Crises |
| 90 |
Cyclic Character
of Capitalist Reproduction |
| 92 | Particular Features of the Crisis of 1974-1975 |
| 93 | Consequences of Economic Crises |
| CHAPTER 7 | |
|
LENIN’S THEORY OF IMPERIALISM
AND THE CURRENT DEVELOPMENT OF MONOPOLY CAPITALISM |
|
| 95 | [introduction.] |
|
1. Lenin Continues
the Cause of Marx and Engels |
|
| 95 | [introduction.] |
| 95 | Teaching on Imperialism |
| 97 | Theory of Socialist Revolution |
| 98 | Criticism of Falsifications of Leninism |
| 2. The Main Features of Imperialism | |
| 98 | [introduction.] |
| 99 | Essence of Monopoly |
| 100 | Monopoly and Competition |
|
3. New Features
of the Capitalist Economy. The Scientific and Technological Revolution |
|
| 101 | [introduction.] |
| 102 | Imperialism Adapts Itself |
| 103 |
Impact of the Scientific
and Technological Revolution |
|
4. Distinctive Features
of Contemporary Monopoly Development |
|
| 104 | [introduction.] |
| 104 | Monopoly Growth |
| 105 | Expanding Spheres of Influence |
| 106 | Forms of Monopoly |
|
5. Lenin’s Theory of Finance Capital.
Finance Capital Today |
|
| 106 | [introduction.] |
| 107 | Definition of Finance Capital |
| 108 | New Features |
| 109 | Financial Groups |
| 110 | Financial Groups’ Domination |
| 6. Domination of the Financial Oligarchy | |
| 111 | [introduction.] |
| 111 |
The Wealth and Composition
of the Oligarchy |
| 112 |
Critique of Bourgeois
and Opportunistic Conceptions |
| 113 | Distinctive Features of the Oligarchy |
|
7. Monopoly Profit and the Enrichment
of the Monopoly Bourgeoisie. Economic Principles of the Anti-Monopoly Struggle in the Capitalist Countries |
|
| 114 | [introduction.] |
| 114 | The Essence of Monopoly Profit |
| 115 | Sources of Monopoly Profit |
| 117 | Monopoly and Society |
| CHAPTER 8 | |
| STATE-MONOPOLY CAPITALISM | |
| 119 | [introduction.] |
|
1. Lenin’s Teachings on the Essence
of State-Monopoly Capitalism and the Objective Laws of Its Development |
|
| 119 | [introduction.] |
| 120 | A Single Mechanism |
| 120 | The Causes and Developmental Features |
|
2. The Current Stage in the Development
of State-Monopoly Capitalism. The Formation of the State-Monopoly System |
|
| 122 | [introduction.] |
| 122 |
New Features of the Development
of State-Monopoly Capitalism |
| 123 |
Factors Influencing the Development
of State-Monopoly Capitalism |
| 124 | The System of State-Monopoly Capitalism |
|
3. Basic Forms
of State-Monopoly Capitalism |
|
| 126 | [introduction.] |
| 126 | Personal Union |
| 127 | Business Activities of the State |
| 129 | State Economic Regulation |
| 130 | Capitalist Programming |
| 132 | “Incomes Policy” |
| 132 | Militarisation of the Economy |
|
4. State-Monopoly Capitalism
and Preparation of the Prerequisites for Socialism |
|
| 134 | [introduction.] |
| 134 | Aggravation of Contradictions |
| 135 | Impact on the Revolutionary Process |
| CHAPTER 9 | |
|
THE WORLD CAPITALIST ECONOMY
AND AGGRAVATION OF ITS CONTRADICTIONS AT THE PRESENT STAGE |
|
| 137 | [introduction.] |
| 137 |
1. Emergence and Essence
of the World Capitalist Economy |
| 2. The Export of Capital | |
| 139 | [introduction.] |
| 139 |
The Possibility
and Necessity of the Export of Capital |
| 140 | Forms of the Export of Capital |
| 141 |
Changes in the Export of Capital
Under Present-Day Conditions |
|
3. Economic Partitioning of the World
by the International Monopolies. New Features of the International Monopolies |
|
| 143 | [introduction.] |
| 144 |
The Essence of the
International Monopolies |
| 145 | International Monopolies Today |
| 146 |
Critique of Bourgeois International
Monopoly Theories |
| 4. Imperialist Integration | |
| 147 |
Its Essence
and Developmental Factors |
| 148 |
Integration
in Western Europe |
| 149 |
The Common Market.
Its Contradictions |
| 150 |
Critique of Bourgeois
Integration Theories |
|
5. Territorial Partition
of the World |
|
| 151 |
Colonial System of Imperialism.
Its Collapse |
| 152 |
The Essence
of Neocolonialism |
|
6. Distinctive Features
of the Developing Economies. Two Ways of Development for Young National States |
|
| 154 | [introduction.] |
| 155 | State of the Economy |
| 155 | Choosing a Course of Development |
|
7. The Current Development Stage
in the World Capitalist Economy and Its Progressing Crisis |
|
| 157 | [introduction.] |
| 157 | Dislocation of World Economic Relations |
| 159 | Changed Balance of Power |
| 160 |
Fiercer Competition.
Foreign Trade Crisis |
| 8. The Monetary Crisis | |
| 161 | [introduction.] |
| 162 | Collapse of the Bretton Woods System |
| 163 | Dollar Crisis |
| 164 |
9. The New World Economic Order.
The Role of the Soviet Union and the Other Socialist Countries |
| CHAPTER 10 | |
|
IMPERIALISM’S PLACE IN HISTORY.
THE GENERAL CRISIS OF CAPITALISM AND ITS INTENSIFICATION UNDER CURRENT CONDITIONS |
|
| 168 | [introduction.] |
|
1. Imperialism, the Final Stage of Capitalism,
the Threshold of the Socialist Revolution |
|
| 168 | [introduction.] |
| 169 | Monopoly Domination |
| 169 |
Parasitic
and Decaying Capitalism |
| 171 |
Imperialism
as Moribund Capitalism |
|
2. The General Crisis of Capitalism.
Its Main Stages |
|
| 173 |
The Concept of the General Crisis
of Capitalism |
| 174 |
The First Stage
of the General Crisis of Capitalism |
| 175 | The Second Stage |
| 176 |
The Third Stage
and Its Distinguishing Features |
|
3. Qualitative Shifts in the Development
of the General Crisis of Capitalism Under Present-Day Conditions |
|
| 178 | [introduction.] |
| 178 | Role of the Socialist Countries |
| 179 | The Turn Towards Detente |
| 180 | Capitalism’s Economic Difficulties |
| 182 | Ecological Crisis |
| 184 | Ideological and Political Crisis |
| 184 |
4. The World Revolutionary Process
and the Historical Tendency of Capitalism Today |
| CHAPTER 11 | |
|
THE COMMUNIST MODE OF PRODUCTION
AND ITS TWO PHASES |
|
| 187 | [introduction.] |
| 187 |
1. General Features
of the Communist Mode of Production |
| 188 | General Features of Productive Forces |
| 189 |
General Features
of Production Relations |
|
2. Two Phases in the Development
of the Communist Mode of Production |
|
| 190 | [introduction.] |
| 190 |
The Material and Technical Base
of Socialism and Communism |
| 191 |
Forms of Public Ownership
under Socialism and Communism. Development of the Social Structure of Society |
| 192 | Changed Character of Labour |
| 193 |
Principles of the Distribution of Material Goods
and Services under Socialism and Communism |
| 194 |
Gradual Abolition of Commodity-Money Relations
in the Transition to Communism |
| 194 |
Main Features of the Development
of Socialism into Communism |
|
3. The Main Economic Features
of Developed Socialism |
|
| 194 | [introduction.] |
| 195 |
The Highly Developed Material
and Technical Base |
| 196 | Mature Socialism Production Relations |
| 197 |
Considerably Higher
Living Standards |
| CHAPTER 12 | |
|
THE OBJECTIVE ECONOMIC FEATURES
OF THE EMERGENCE AND ESTABLISHMENT OF SOCIALISM |
|
|
1. The Necessity and Essence
of the Transitional Period from Capitalism to Socialism |
|
| 198 | [introduction.] |
| 198 |
Prerequisites
for the Socialist Revolution |
| 199 |
Identifying Features of the Socialist Revolution
and the Need for a Transitional Period from Capitalism to Socialism |
| 200 |
General Objective Features
of the Transitional Period |
|
2. The Economic Structure
of Society During the Transitional Period |
|
| 201 | [introduction.] |
| 202 |
The Socialist Production Structure.
Its Emergence and Leading Role in the Economy |
| 203 |
Petty-Commodity
Production Structure |
| 204 |
Private Capitalist
Production Structure |
| 204 |
State-Capitalist
Production Structure |
| 205 | Patriarchal Structure |
| 205 | Contradictions of the Transitional Period |
|
3. The Essence of Economic Policy
in the Transitional Period |
|
| 206 |
Decisive Direction of Economic Policy
in the Transitional Period |
| 206 |
The Main Economic Tasks
in the Transitional Period |
|
4. Building the Material
and Technical Base of Socialism. Socialist Industrialisation |
|
| 208 | [introduction.] |
| 209 |
The Essence and Significance
of Socialist Industrialisation |
| 210 |
Difference Between Socialist
and Capitalist Industrialisation |
| 211 |
Socialist Industrialisation
Within the World Socialist System |
|
5. Socialist Reorganisation
of Agriculture |
|
| 212 | [introduction.] |
| 212 |
Nationalisation of Land
and Land Allotted to Peasants as Property |
| 212 | Farm Co-operatives |
| 6. The Triumph of Socialism | |
| 214 | [introduction.] |
| 214 |
Triumph of the First Phase
of the Communist Mode of Production |
| 215 |
Triumph of the
Cultural Revolution |
| 216 |
The Historical Place of the Transitional Period
from Capitalism to Socialism |
|
7. The Distinguishing Features
of the Building of Socialism Circumventing Capitalism |
|
| 216 | [introduction.] |
| 217 |
The Main Stages
of Revolutionary Reforms |
| CHAPTER 13 | |
|
SOCIAL OWNERSHIP
OF THE MEANS OF PRODUCTION |
|
|
1. Social Ownership of the Means of Production
and its Two Forms |
|
| 219 | [introduction.] |
| 219 |
Social Ownership of the Means of Production
and the Character of Socialist Production Relations |
| 220 |
Two Forms of Social Ownership
of the Means of Production |
| 222 |
Two Kinds of Socialist
Enterprise |
| 223 |
Development of Socialist
Social Property |
| 225 | Personal Property |
| 2. Economic Laws Under Socialism | |
| 226 |
Economic Laws Operating
Under Socialism |
| 227 |
Knowledge and Utilisation
of the Economic Laws |
| 228 |
3. The Economic Role
of the Socialist State |
| CHAPTER 14 | |
|
THE MAIN ECONOMIC LAW
OF SOCIALISM |
|
|
1. The Essence of the Main Economic Law
of Socialism |
|
| 229 | [introduction.] |
| 230 | The Aim of Socialist Production |
| 231 |
The Standard of Living
under Developed Socialism |
| 232 |
The Means for Achieving the Aim
of Socialist Social Production |
| 233 |
2. The Main Source of Development
of Socialist Production |
| 3. Economic Interests Under Socialism | |
| 234 | [introduction.] |
| 234 |
The Supreme Economic Interest
of Socialist Society |
| 235 |
Economic Interests of Bodies of Workers
and Individual Interests |
| 235 |
Identity of Economic Interests of Socialist Society.
Material and Moral Incentives |
| CHAPTER 15 | |
|
THE PLANNED DEVELOPMENT
OF SOCIALIST SOCIAL PRODUCTION |
|
|
1. The Planned, Proportionate Development
of Social Production—an Economic Law of Socialism |
|
| 237 | [introduction.] |
| 237 |
The Law of Planned, Proportionate
Development of Social Production |
| 238 | Planned Regulation of Social Production |
| 239 |
The Impossibility of Planned Development
of Social Production under Capitalism |
|
2. Ensuring Correct Proportions
in the National Economy |
|
| 240 |
Proportionate Development
of the National Economy |
| 241 |
The Types and Character
of Economic Proportions |
| 3. Management of the National Economy | |
| 242 | [introduction.] |
| 243 |
The Essence
of Economic Management |
| 243 |
The Basic Principles
of Economic Management |
| 4. Planning Social Production | |
| 245 | [introduction.] |
| 245 |
The Main Principles
of Planning |
| 247 | Planning Methods |
| 249 |
Distinctive Features
of Co-operative (Collective Farm) Production Planning |
| CHAPTER 16 | |
| COMMODITY-MONEY RELATIONS | |
| 250 |
1. Commodity-Money Relations
Under Socialism |
| 2. Commodity and Its Properties | |
| 251 |
Use Value and Value of Commodity
Under Socialism |
| 252 | Prices of Goods |
| 3. Money in Socialist Society | |
| 254 | The Essence of Money |
| 255 | Functions of Money |
| 4. The Law of Value | |
| 256 |
Law of Value
and Planned Price Formation |
| 257 |
The Operation and Utilisation
of the Law of Value in Production |
| 258 |
The Operation and Utilisation
of the Law of Value in Circulation |
| CHAPTER 17 | |
|
THE FINANCIAL AUTONOMY
OF SOCIALIST ENTERPRISES |
|
|
1. The Essence and Main Principles
of Profit-and-Loss Accounting |
|
| 260 | [introduction.] |
| 261 |
Managerial and Operational
Autonomy of Enterprises |
| 262 | Solvency of Production Activities |
| 262 |
Material Responsibility
of Self-Supporting Enterprises |
| 263 |
Control Over
the Enterprise’s Business Activities |
|
2. The Incentive Role
of Profit-and-Loss Accounting |
|
| 264 |
Measures to Promote a Rational Use
of Socialist Enterprise’s Assets |
| 265 |
The Incentive Role of
the Funds Formed From Profit |
| 267 |
Combining Financial Autonomy
with Moral Incentives Work |
| CHAPTER 18 | |
|
DISTRIBUTION
OF MATERIAL GOODS AND SERVICES |
|
| 1. Distribution According to Work | |
| 268 | [introduction.] |
| 268 |
The Economic Law
of Distribution According to Work |
| 270 |
Distribution According to Work
and Socio-Economic Equality |
|
2. Wages and Salaries.
Distribution According to Work in Co-operatives (Collective Farms) |
|
| 270 | [introduction.] |
| 270 |
The Essence
and Organisation of Wages |
| 273 |
Distribution According to Work
in Agricultural Co-operatives (on Collective Farms) |
| 3. Social Consumption Funds | |
| 274 | [introduction.] |
| 274 | Composition of the Social Consumption Funds |
| 275 |
Socio-Economic Significance
of the Social Consumption Funds |
| CHAPTER 19 | |
|
THE WORLD SOCIALIST
ECONOMIC SYSTEM |
|
|
1. The New Type
of International Economic Relations |
|
| 277 | [introduction.] |
| 277 |
The Essence of the Socialist
Economic System |
| 279 |
International Socialist
Division of Labour |
|
2. Socialist Economic Integration.
Economic Co-operation of the Socialist Countries |
|
| 280 |
The Essence
of Socialist Economic Integration |
| 281 |
Forms of Economic Co-operation
of the Socialist Countries |
|
3. The Economic Competition
Between the Two World Economic Systems |
|
| 285 | [introduction.] |
| 285 | Socialism’s Superior Economic Growth Rates |
| 286 | Growth of Per Capita Production |
| 286 | Secure Living Conditions |
* * *
Notes