Ann Arbor New York

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Ann Arbor New York

substantial fragment survives in the Paul Levi necessary to compare the suppressed section of theedition, Berlin, 1925. chapter with Mandel's Europe versus America?, orthe current "inter-imperialist rivalry" theses of theNettl's bibliography also attributes to Militant, Daffy World, International SocialistLuxemburg the authorship of the middle section of Review, and Political Affairs, to discover Waters'Chapter 12 of Franz Mehring's Karl Marx, The motives.Story of His Life, the section subtitled "3. TheSecond and Third Volumes" (of Capital). Indeed, Luxemburg's view of Marx's Capital is summedthe style and content of this section are up in the cited chapter from Mehring's Karl Marx.unquestionably Luxemburg's, to the degree that This account coincides exactly with that whichone concludes that Mehring made an absolute must be adduced by any scholar who has masteredminimal number of editings of the manuscript, the work as a whole, especially as he resorts to themost instructive comparison between Capital andOf these writings, only the following selections the first portion of Hegel's The Phenomenology ofhave been previously published in English: Social Mind.Reform or Revolution?, The Accumulation ofCapital, and, in addition to the inclusion of "the In Volume I, Marx starts from the simplest factsSecond and Third Volumes" in Mehring, the first of "sense-certainty," to be isolated for treatmentchapter of Einfuehrung as "What is Economics?" in a dialectical fashion. The simple facts ofexchange-value-in-itself and use-value-in-itself areThe publishing history of the last item is itself dialectically resituated as momentary aspects of ainstructive. The translation of this chapter was continuous, organic process of social reproduction.accomplished as a project of Socialist Workers After this standpoint has been introduced in theParty member, T. Edwards, a product of his key, first chapter of that volume, Marx proceeds,sabbatical assignment to the "Trotsky School" of through Volume I exploring the phenomena ofthe early 1950s. For a decade, this translation capitalist reproduction from more or less theexisted in a soon out-of-print mimeographed limited standpoint of the individual capitalist firm.edition of Pioneer Publishers, but has beenrepublished as a 1968 Ceylonese printed pamphlet The more superficial socialist reader comes awayby Sydney Wanasinghe. Part of this chapter was from Volume I falsely assuming that Marx's "Lawrecently republished in the collection, Luxemburg of Value" is essentially a matter of relationshipsSpeaks (1970), omitting a major section of the determined at the localized point of caplitalistchapter. The means to which the collection's editor production. It is such a shallow viewpoint,(also Militant editor, Mary-Alice Waters) resorted projected upon Volumes II and III, whichto justify the suppression is exemplary of the Luxemburg assails in her economic-theoreticaltradition of slanders against Luxemburg polemics.inaugurated by Karl Radek and later adopted bythe Stalin regime. In Volume II, Marx shifts the focus away fromthe local point of production to the process ofWaters scribbles: "The abridged version of the general capitalist circulation of commodities andfirst chapter omits several sections which money, however, limiting the analysis of theconstitute a side polemic on the nature of process of circulation to the standpoint of simpleeconomy today as an international rather than reproduction.strictly 'national' entity." What is omitted, sectionsII-IV, not only constitutes approximately half of In Volume III, Marx makes a second major shiftthe entire chapter, but is absolutely no "side of the subject matter, as follows. Firstly, hepolemic." It is a statement of Luxemburg's most introduces the "general rate of profit," whichfundamental views on the development and nature shifts the theoretical focus of the study from thatof capitalist economy. The contrary view, of the relationships among individual capitalistexpressed by Werner Sombard especially during the firms and national capitalist economies into aperiod of Luxemburg's writing, has been lawful process of world capitalist economy as aresurrected by both the Western Communist whole. On this basis he proceeds to an examinationparties and Ernest Mandel as the "theory of of the fallacious Ricardian conception of a "fallinginter-imperialist rivalries" today. It is only rate of profit" tendency, showing that capitalist33

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