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Titlebook: Rethinking Capital; Richard Dien Winfield Book 2016 The Editor(s) (if applicable) and The Author(s) 2016 marx.economy.market.justice.capit

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The Elementary Dynamic of Competitionccumulation becomes a life and death imperative for every enterprise. It is shown why and how Marx’s attempt to convert profit into surplus value fails, owing to his retention of the bogus labor theory of value, which contradicts the basic dynamic of competition.
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Competition and the Division of Classestiqued so as to reconsider the class division in relation to economic opportunity in light of the different forms that the ownership of capital may take and of how individuals may have multiple class memberships. This reconception of class and economic opportunity sets the stage for properly investigating capital’s challenge to right.
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From Money to CapitalThis chapter conceives how money emerges through the social process of commodity exchange, detailing the different forms that money takes in facilitating commodity circulation, and showing how the minimal process of capital emerges through nothing but the advance of money in the market.
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Value ProductionThis chapter shows how capital’s production of commodities with commodities involves a value production that generates a potential accumulation of wealth without depending upon the bogus labor theory of value, which hobbles the theories of Smith, Ricardo, and Marx.
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From Capital Circulation to the Competition of Individual CapitalsThis chapter examines how the completed account of capital turnover provides the basis for the competitive process of individual capitals. The insufficiencies of Marx’s turn from capital circulation to the competition of individual capitals are highlighted so as to facilitate a proper transition.
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