• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Marx’s Capital Was a Work in Progress

Marx’s Capital Was a Work in Progress

The notion that Karl Marx's works have been studied inside and out is fundamentally incorrect. The huge body of his manuscripts has still not been completely processed, and his seminal work, Capital, was only recently published with the final edits of the author. The 19th April Conference at the Higher School of Economics included the section ‘Methodology of Economic Science’ which was devoted to the work of the German philosopher and political scientist. Independent researcher and professor from Berlin, Thomas Kuczynski, gave a presentation at the conference which pointed out numerous aspects of Marx’s continuous rethinking of allegedly fixed truths.

Professor Kuczynski recently published the first volume of Marx's Capital  in German. According to Professor Vladimir Avtonomov from HSE’s Faculty of Economics, this work is completely novel in that it is based on the first French edition published in the 19th century. He explains, ‘Thomas Kuczynski has included amendments which were personally made by Marx to the French edition of the first volume of Capital.’

Professor Thomas Kuczynski and Professor Vladimir Avtonomov

Professor Avtonomov introduced the presentation at the 19th April Conference and described the enormity of the task that Professor Kuczynski recently successfully completed. ‘Marx left behind a huge amount of written heritage and archivists and historians are still struggling to cope with the full volume of his manuscripts. However, these manuscripts are incredibly valuable because they give us an idea of ​​Marx’s creative processes, of how his thoughts developed.’

A Series of Editions

The first edition of Capital (Volume I) (1867) was followed by a second, revised, German edition (1872-3) and a French edition (1872-5). The French edition was not a simple translation of the German but rather a strongly improved version thereof. Marx instructed potential translators to base their translations on a careful comparison of the two editions. 

After the French edition, Marx planned to publish a further revised German edition in 1881. His death prevented him carrying out this plan, but it shows that he considered his opus magnum to be a work in progress. According to Professor Kuczynski, ‘it would be wrong to assume that Marx’s political activities prevented the completion of his scientific work. However, there is no doubt that he was constantly torn between current political tasks and long-term planned scientific projects. There were always two souls dwelling inside him.’

The French Edition

The French edition, which Marx translated together with Joseph Roy, contained certain significant improvements on the German one. However, Marx was unable to transfer the entire philosophic content of the original German edition into the French edition, as he had problems translating terminology that he had developed in his mother tongue into other languages. These difficulties endure today, as is becoming apparent in the constant debates on appropriate translations and representations in other languages.

Whatever the literary defects of the French edition may be, according to Professor Kuczynski, it possesses scientific value and should be consulted by readers. Today, nobody can judge the quality of Roy’s translation. Nevertheless, his translation was an alien text for Marx.

However, in the post-phase to the second edition, written in April 1875, his opinion of the French text had already changed a little. It showed him the weaknesses of his original German edition much more clearly than his own re-reading of the text would have done. Indeed, it was the French translation that prompted Marx’s profound editing for the later revisions which contained more than simply clarifications. He said, ‘having undertaken the work of revision, I was led to apply it to the second German edition to simplify some arguments and to add critical suggestions’.

Marx’s appreciation of the French edition meant that he had no objections to using it as a basis for an Italian translation. In November 1878, the Russian translator, Nikolai Danielson, asked whether he would be inclined to make some changes to the French and the second German edition. Marx answered that in the second Russian edition of Capital, ‘the second German edition should be carefully compared with the French one and only a few alterations are necessary.’

Marx did feel, however, that it would have been easier to do the translation by himself. Of his work with Roy, Marx said, ‘the French edition consumed so much of my time that I will never collaborate on a translation again’.

Collaboration with Engels

As we know, the second and third volumes of Capital were not produced by Marx, but Friedrich Engels, using Marx’s manuscripts.A criticism by Engels of the first German edition was that, ‘one is forever plunging straight from the illustration of one point into the exposition of another point’.

Marx, based on this feedback from Engels on the first German edition, decided to change the structure of the text. When writing the second German edition, he divided and subdivided the text into chapters and sub-chapters. The French edition was further sub-divided and contained 8 parts and 33 pages. Engels used the French sub-division for his English translation, however not for the German editions he produced. Consequently, we have today two different internationally featured issues of Capital (Vol. 1).

The debates about the relations of the editions written by Marx himself and those written by Engels represent two different opinions. The first view recognises a steady improvement and considers Engels’ fourth edition to be the true edition. The other opinion developed in the 1960s recognizes a ‘watering down’ of the true intention of the book.

An Unfinished Masterpiece?

In 1881, Marx was informed by his German editor that a third edition was necessary. By this stage, his wife had passed away and he himself had suffered bronchitis. However, he agreed to have it ready with only a minimum number of changes to the text. He also stipulated that only 1000 be printed, instead of 3000, as they had originally agreed. Marx had therefore already begun with the planned revision, however his bad health prevented him from completing this revision in its entirety.

Therefore, Capital does not exist in a version that corresponds to the author’s final planned corrections and revisions. Every speculation about its content will be misleading because, according to Professor Kuczynski, Marx always achieved very different results with his edits from those which were outlined in his preparatory works.

In Marx’s view, Capital was therefore an incomplete work, or, a work in progress.

 

See also:

‘I Hope You Have Entered the Economic Profession Consciously’

On November 11, 2024, the HSE Faculty of Economic Sciences hosted a celebration for Economist Day. Many of the university's partners came to congratulate HSE on the occasion. The atrium on Pokrovsky Bulvar hosted booths from VkusVill, Ozon, HeadHunter, Wildberries, and other leading companies. Students and professors participated in quizzes, spun the wheel of fortune, painted, and crafted.

HSE University Announces Call for Proposals to Attend Anniversary Yasin Conference

HSE University invites submissions of proposals with academic reports for participation in the 25th Yasin (April) International Academic Conference (YIAC). The conference programme, centred on five research themes addressing issues of economic and social development, will retain its interdisciplinary focus and welcome participation from leading scientists in Russia and around the globe. The key events of the 25th Yasin Conference will be taking place in Moscow from April 15 to 18, 2025.

Maxim Reshetnikov: ‘An Effective Open Market Economy Has Been Built in Russia’

On November 11, 2024, during Economist Day in Russia, Maxim Reshetnikov, Russian Minister of Economic Development, spoke to students of the HSE Faculty of World Economy and International Affairs about Russia’s foreign economic activities, how the country managed to withstand unprecedented sanctions pressure, and the current state of its development.

FES Announces the Winner of the Nobel Prize in Economics 2024 Prediction Contest

The HSE Faculty of Economic Sciences summarised the results of its traditional prediction contest. FES holds this contest annually on the eve of Nobel Week. This year, the contest once again attracted participants from different regions of Russia and countries around the world. Remarkably, one participant managed to predict all three laureates of the 2024 Economics Prize.

Try Your Hand at Predicting the 2024 Nobel Prize Winner in Economics

The Faculty of Economic Sciences is launching its annual prediction contest. On October 14, the Nobel Committee will announce the winners of the Sveriges Riksbank Alfred Nobel Prize in Economic Sciences live on air. You have time to prepare and explore the landscape of contemporary economic thought. What topics and areas are considered particularly important and promising at the moment? Anyone can win.

Choosing the Right Server Results in Better Outcomes in Doubles Tennis

The Roland Garros tennis tournament, one of the most prestigious in the world, began on May 26. The prize money for this year's French Open totals nearly 54 million euros, with athletes competing in both singles and doubles events. In doubles tennis, choosing the right strategy for a match is crucial. Athletes' ability to adapt to the dynamics of the match and strategically choose the server can earn the pair up to 5% more points, according to Nikolai Avkhimovich, doctoral student and research fellow at the Laboratory of Sports Studies of the HSE Faculty of Economic Sciences. A paper with the study findings has been published in Applied Economics.

Consumer Prices Decrease in Densely Populated Areas

HSE University economists have proposed a novel approach to modelling monopolistic competition with heterogeneous firms and consumers. The results of collaborative research carried out by Alexander Tarasov from Moscow, his co-authors from HSE University–St Petersburg, together with the Norwegian School of Economics, the University of Pennsylvania, and the Free University of Brussels, have been published in American Economic Journal: Microeconomics.

Football Players Cover Greater Distances During Critical Derby Matches at Home Arena

Researchers at the HSE Faculty of Economic Sciences examined the level of effort that professional football players are willing to exert during a match in absence of financial incentives. It appears that the primary factors driving players to strive harder for victory are the strength of the opponent and the significance of the match for the club. This is particularly noticeable in derby matches between teams from the same city, such as the Moscow derby between CSKA and Spartak on April 25, 2024. The study has been published in the Journal of the New Economic Association

Participation in Crowdfunding Can Generate up to 73% in Returns Annually

Backers of projects on crowdfunding platforms can expect rewards from their pledges. For example, funding someone's idea on Kickstarter can result in an average annual return of 11.5%, with design projects known to deliver returns as high as 70%. However, it is important to note that these returns do not come in the form of direct cash payments but rather as savings on the purchase of the product once it hits the market. This has been demonstrated in a study by researchers at the HSE Faculty of Economics published in Economic Analysis Letters.

Economists Suggest Using Media's Attention to Bitcoin to Predict its Returns

Researchers at the HSE Faculty of Economic Sciences have studied the relationship between the changes in the bitcoin prices and the media attention to this cryptocurrency. The researchers examined the mentions of bitcoin in the media between 2017 and 2021 and built a mathematical model that revealed the strong relationship between media attention and bitcoin prices. The study was published in the Applied Stochastic Models in Business and Industry journal.