it's monday the 6th here so i've started the thread for discussing chapter 3. just a reminder, this is for discussion of this chapter (and i would think, how it relates to previous chapters) not for too much jumping ahead to later volumes or works. while a little is ok to let us know whether something is going to be answered sooner or later, let's try to keep extensive off-chapter discussion to this thread created for the purpose to keep this one as focused as possible.
i'm happy to stick with our original timetable and read chapters 4 to 6 by two weeks from now, monday the 20th of october, but if anyone has other ideas please raise it on the original proposal thread which we're keeping for the mechanics of the reading group. and if people are arriving late to this, welcome, there's an index of the threads so far here.
for clarity, i'll post my notes and comments to start discussion separately.
as promised by everyone including the man himself, this was a pretty dense chapter, but i didn't think it was so bad. and it did address or at least hint that he was going to address some of the issues raised in the discussion of the first two chapters, in particular the whole value to price relation. apparently whilst price is the manifestation of value, it doesn't necessarily have any direct relation to it. since these first three chapters were laying the skeleton of his arguments to be followed up in not just this volume or even the 4 planned volumes of capital, but i don't know how many other volumes of analysis of pretty much every facet of society, i take it he was going to elaborate on this assertion.
one thing i didn't quite get was the crisis part at the end that occurs with a lengthening chain of debt and he says:
what exactly is he saying happens here? all debts have to be paid in the money commodity and no other? it sounds all very grand and flowery, but i can't get my head around what it actually means or why it's significant.
anyway, here are my notes. this time i've tried to be a bit more concise, and so don't necessarily follow his order of exposition exactly, as we've already got that in the book itself. not sure i quite succeeded in being concise though, looking back over them... oh well, it was a long chapter.
that's it, apologies for the length after working your way through the chapter itself!