[Transcriber's notes: Inconsistent hyphenation and use of umlauts retained. Equations are surrounded by _ indicating that the variables are all italicised. If there are non-italicised alphabetic characters in the equation the variables are surrounded by _ separately. [sqrt] has been used to represent square root (radical) sign. A full list of errors that have been changed can be found at the end.] RARE MASTERPIECES OF PHILOSOPHY AND SCIENCE EDITED BY DR. W. STARK THE ACCUMULATION OF CAPITAL PUBLISHED ON THE LOUIS STERN MEMORIAL FUND THE ACCUMULATION OF CAPITAL by ROSA LUXEMBURG _translated from the German by AGNES SCHWARZSCHILD (doctor iuris)_ _With an Introduction by JOAN ROBINSON_ NEW HAVEN YALE UNIVERSITY PRESS 1951 THIS TRANSLATION FIRST PUBLISHED IN THE UNITED STATES BY YALE UNIVERSITY PRESS NEW HAVEN CONNECTICUT DESIGNED BY SEÁN JENNETT AND PRINTED IN GREAT BRITAIN BY BUTLER AND TANNER LTD LONDON AND FROME CONTENTS TRANSLATOR'S NOTE _page_ 7 A NOTE ON ROSA LUXEMBURG 9 INTRODUCTION 13 SECTION ONE THE PROBLEM OF REPRODUCTION I. THE OBJECT OF OUR INVESTIGATION _page_ 31 II. QUESNAY'S AND ADAM SMITH'S ANALYSES OF THE PROCESS OF REPRODUCTION 48 III. A CRITICISM OF SMITH'S ANALYSIS 64 IV. MARX'S SCHEME OF SIMPLE REPRODUCTION 76 V. THE CIRCULATION OF MONEY 93 VI. ENLARGED REPRODUCTION 107 VII. ANALYSIS OF MARX'S DIAGRAM OF ENLARGED REPRODUCTION 120 VIII. MARX'S ATTEMPT TO RESOLVE THE DIFFICULTY 139 IX. THE DIFFICULTY VIEWED FROM THE ANGLE OF THE PROCESS OF CIRCULATION 155 SECTION TWO HISTORICAL EXPOSITION OF THE PROBLEM FIRST ROUND Sismondi-Malthus _v._ Say-Ricardo, MacCulloch X. SISMONDI'S THEORY OF REPRODUCTION _page_ 173 XI. MACCULLOCH _v._ SISMONDI 191 XII. RICARDO _v._ SISMONDI 203 XIII. SAY _v._ SISMONDI 211 XIV. MALTHUS 219 SECOND ROUND The Controversy between Rodbertus and von Kirchmann XV. V. KIRCHMANN'S THEORY OF REPRODUCTION _page_ 227 XVI. RODBERTUS' CRITICISM OF THE CLASSICAL SCHOOL 238 XVII. RODBERTUS' ANALYSIS OF REPRODUCTION 252 THIRD ROUND Struve--Bulgakov--Tugan Baranovski v. Vorontsov--Nikolayon