Teinosuke Otani, Professor Emeritus of economics at Hose University, Tokyo, is the author of Marx's Theory of Association and Marx's theory of Interest-bearing Capital (in Japanese). He is also a member of the editorial committee of the Marx-Engels-Gesamtausgabe (MEGA). He was President of the Japan Society of Political Economy, a Japanese scholarly organization that boasts of just under 1,000 members.

Offers readers a solid theoretical understanding of the systematic structure of capitalism

Introduction: The Conception of Society Based Upon Labour and the Tasks of Political Economy.- Part I: The Process of Production of Capital: Commodity and Money.- Capital and Surplus-Value.- Exentsion and Shortening of Working Day.- Methods for the Development of Productive Power.- Capitalist Relations of Production and the Alienation of Labour.- Wages.- Reproduction of Capital.- Accumulation of Capital.- Accumulation of Capital and Relative Surplus Population.- Primitive Accumulation.- Part II: The Process of the Circulation of Capital: The Circuit of Capital.- Turnover of Capital.- Reproduction and Circulation of the Total Social Capital.- Part III: Capital and Profit.- Average Rate of Profit and Production Price.- Law of the Tendential Fall in the Rate of Profit.- Commercial Capital and Commercial Profit.- Interest-Bearing Capital and Interest.- Landed Property and Ground-Rent.- Revenue Forms and Classes.- Concluding Remarks: Arrival Point of Our Investigation and Remaining Tasks.-Name Index.- Subject Index.

This textbook offers a comprehensive guide to the systematic structure of capitalism, while at the same time introducing readers to all three volumes of Marx's Capital. Based on his extensive expertise on Marx's critique of political economy, the author reveals the specific structure of production in capitalist societies and explicates what sets this system apart from other modes of production. Marx's political economy is explained in a systematic and easy-to-understand manner, using numerous illustrative diagrams to complement the text. This textbook will appeal to all students and scholars looking for a more comprehensive, systematic and theoretical explanation of capitalism, equipping them with a solid theoretical understanding of its core structure.