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Not having published the paper, Lenin could not assume that his reader had already known these schemes in his interpretation. 27 The fact that the paper was not published is itself baffling. 28 3. In contrast with the unpublished paper, a new strand of argument appears in the later works. Later on, Lenin emphasized both the issue of disproportionality and the question of under-consumption ignored in the joint paper with Krasin. Only together do these two make coherent (two aspects) of the basic contradiction of capitalism, the contradiction between social production and private appropriation.

Cunow, H. Grossman, R. Hilferding, K. Kautsky, R. Luxemburg, K. Schmidt and many others. Along with the book by Bernstein (inferior to Tugan-Baranovsky in theory and in conceptual originality) and David’s book on agriculture, Tugan-Baranovsky’s book was regarded as the main theoretical and economic work of European revisionism. 14 This opinion was shared by the author of The Accumulation of Capital. Involved with the illegal Russian social democracy in his youth, Tugan began an independent study of Marx’s economic theory.

The objective of this and the previous chapter is to prove that in the history of economic thought until that time no solution to the problem of enlarged reproduction of social capital can be found, despite the fact that this issue provoked numerous theoretical disputes. 19 The most important and original as well as the richest in contents is the third section: ‘The Historical Conditions of Accumulation’. The title of this part not only describes precisely the substance of the final section of the book, but also perhaps most accurately conveys the sense and direction of Rosa Luxemburg’s discourse.