Contents

General Editors' Preface

Editors' Preface

Editors' Introduction

Acknowledgments

Preface

Summary of the Argument

PART ONE

1 Analysis

2 Economic Process

3 Significant Basic Variables

4 Circulation Analysis

5 Procedure

6 The Productive Process

Additional Note to Section 6

7 Division of the Productive Process

8 The Basic Stage of the Productive Process

9 The Surplus Stage

10 Cycles of the Productive Process

11 A Technical Restatement

12 Classes of Payments

13 Rates of Payment and Transfer

14 Diagram of Rates of Flow

15 Circuit Acceleration (I)

Appendix to Section 15

16 Circuit Acceleration (II)

17 Measuring Change in the Productive Process (I)

18 Phases in the Productive Process

19 Mistaken Expectations

20 Misadventures

21 Methodological Shifts

22 The Position of This Essay

PART TWO: HEALING AND CREATING IN HISTORY

PART THREE

23 Measuring Change in the Productive Process (II)

24 The Cycle of the Productive Process

Additional Note to Section 24: The Pure Cycle

25 Price and Quantity Changes in Accelerating Circuits

Additional Note to Section 25: The Phases in Circuit Acceleration – A Technical Statement

26 The Cycle of Basic Income

27 The Cycle of Pure Surplus Income

28 The Cycle of the Aggregate Basic Price Spread

29 Superposed Circuits

30 The Balance of Foreign Trade

31 Deficit Spending and Taxes

Additional Note to Section 31

Appendix: History of the Diagram, 1944–1998

Glossary of Symbols

Index

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W