Authorship：Lead author   Publishing type：Research paper (scientific journal)  

researchmap

Publishing type：Research paper (scientific journal)  

researchmap

Authorship：Lead author   Publishing type：Research paper (bulletin of university, research institution)  

researchmap

Language：Japanese   Publishing type：Research paper (scientific journal)   Publisher：公益財団法人 政治経済研究所  

researchmap

Language：Japanese   Publishing type：Research paper (scientific journal)  

researchmap

Language：Japanese   Publishing type：Research paper (scientific journal)   Publisher：桜井書店  

researchmap

Language：Japanese   Publishing type：Research paper (scientific journal)   Publisher：堀之内出版  

researchmap

Language：Japanese   Publishing type：Research paper (scientific journal)  

researchmap

Language：Japanese   Publishing type：Research paper (scientific journal)  

CiNii Books

researchmap

Other Link： http://repo.komazawa-u.ac.jp/opac/repository/all/35704/

Language：Japanese   Publishing type：Research paper (scientific journal)   Publisher：堀之内出版  

CiNii Books

researchmap

Language：Japanese   Publishing type：Research paper (scientific journal)   Publisher：Japan Society of Political Economy  

The entire contents of K. Marx's credit theory have been released thorough the completion of the manuscript Capital Volume III (MEGA II/4.2). It is now clear that Engels edited Capital Volume III Part five, changing the titles, sections and statements originally written by Marx and these modifications certainly created unnecessary ob fuscations for readers. Moreover, because the manuscript Capital Volume III Part five is one of the most difficult parts of Capital Volume III, there are parts that the previous researchers could not understand and hence failed to comprehend the main theme and logic of Marx's writing. So in this paper, I will develop the main theme of Marx's credit theory, based on the manuscript Capital Volume III Part five. This paper will focus on the following issues. We will look at some advanced Japanese research of Marx's credit theory, focusing especially on a series of Otani's (1988-2005) contributions. The view that Capital Volume III Part five is constructed from two parts -the "theory of Interest-Bearing Capital" and the "theory of the credit/banking system"- is generally shared by conventional research. However, after closely examining Marx's original manuscript and translating its entirety into Japanese, Otani revealed in particular the following point; the main subject of the latter part which they thought explained the "theory of the credit system" is not a direct analyzes about the credit system itself. Although Marx certainly outlines the credit/banking system at the beginning of 5) (corresponding to Chapters 25 and 27 in Engels' edition) after examining the concept of interest-bearing capital in 1)-4) (corresponding to Chapter 21-24), this was not the continuous main theme. On the premise of understanding the credit system, "monied capital" which moves under the credit system and the monetary markets mainly was analyzed in I) (Chapter 28), II) (Chapter 29) and III) (Chapters 30-35) which are the main issue of 5). The main theme of the latter part is not "the analysis of the credit/banking system itself", but "the analysis of monied capital under the credit system"; as such, this is the "theory of monied capital". This paper builds upon the research done by Otani whose work was based on the manuscript. Although one might expect the newly published manuscript would have advanced research, I have yet to see a great academic advancement since the research done by Otani. It appears this is a result of researchers seemingly having not understood where the core of Marx's credit theory is and therefore not able to develop the contexts. As above, though the subject of 5) is "the analysis of monied capital under the credit system", the theoretical core is especially focusing on, "the analysis of the accumulation of monied capital in relation to the accumulation of real capital", the issue of which is set up at the beginning of III), and this is considered as being among, "the incomparable difficult questions". Though Marx analyses this problem under the industrial cycle (business cycle), it has not been well clarified in the hitherto research. Thus, in this paper, I will present the distinctive points of Marx's credit theory, through clarifying the content of especially III) of the manuscript Capital Volume III Part five.

DOI： 10.20667/peq.52.3_52

CiNii Books

researchmap

Language：Japanese   Publishing type：Research paper (scientific journal)   Publisher：桜井書店・経済理論学会  

researchmap

Language：Japanese   Publishing type：Research paper (scientific journal)   Publisher：基礎経済科学研究所  

CiNii Books

researchmap

Language：Japanese   Publishing type：Research paper (scientific journal)   Publisher：桜井書店・経済理論学会  

researchmap

Language：Japanese   Publishing type：Research paper (scientific journal)  

CiNii Books

researchmap

Language：Japanese   Publishing type：Research paper (scientific journal)  

CiNii Books

researchmap

Language：Japanese   Publishing type：Research paper (scientific journal)   Publisher：基礎経済科学研究所  

CiNii Books

researchmap

researchmap

researchmap

researchmap

Language：Japanese   Publisher：基礎経済科学研究所『情報科学通信』編集局  

CiNii Books

researchmap

researchmap

Presentation type：Oral presentation (invited, special)  

researchmap

researchmap

Language：Japanese   Presentation type：Oral presentation (invited, special)  

researchmap

Language：English   Presentation type：Oral presentation (invited, special)  

researchmap

Language：Japanese   Presentation type：Oral presentation (invited, special)  

researchmap

Language：Japanese   Presentation type：Oral presentation (invited, special)  

researchmap

Language：Japanese   Presentation type：Oral presentation (general)  

researchmap

Language：English   Presentation type：Oral presentation (general)  

researchmap

Language：Japanese   Presentation type：Oral presentation (invited, special)  

researchmap

Language：Japanese   Presentation type：Oral presentation (general)  

researchmap

Language：Japanese   Presentation type：Oral presentation (general)  

researchmap

Language：Japanese   Presentation type：Oral presentation (general)  

researchmap

Language：Japanese   Presentation type：Oral presentation (general)  

researchmap

Language：Japanese   Presentation type：Oral presentation (general)  

researchmap