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June 17, 2016
It is such an honor for me to receive the World Marxian Economics Award by highly valuing my contribution to the development of Marxist economics through my research activities and their results. I am sincerely grateful for that.
Some days ago, my new book titled Marx's Theory of Interest-Bearing Capital came out in Japanese. The four-volume book consists of my various articles on Marx's theory of interest-bearing capital that I published over the last 30 years since 1982, though I improved and expanded them profiting from this opportunity.
The book aims truly to reconstruct Marx's theory of interest-bearing capital through philological analyses of his own manuscripts and to convey it to readers because it is not able to see it when one reads the Engels's edition of volume III of Capital.
After Marx's death, Engels found a number of manuscripts for Volume II and III of Capital, and he decided to edit the manuscript to publish them as Volume II and III, respectively. He was able to publish his own edition of Volume II shortly within a year and half. However, it took him 9 years to finish editing Volume III. The main reason for consuming such a long period of time was the enormous difficulty in editing the fifth chapter of the manuscript that deals with interest-bearing capital. After a lot of hardships, Engels modified Marx's incomplete manuscript here and there and finally managed to publish his edition of Volume III that reasonably looks like a complete text. Without doubt, his skill of editing is astonishing. Nonetheless, Engels' own interpretation ended up creating Part V of his edition, which significantly differs from the characteristic and structure of the fifth chapter originally intended by Marx.
In 1981/82 I conducted research on Marx's original manuscript for Volume III of Capital in the International Institute for Social History in Amsterdam, and I was also able to read its deciphered text in the Institute for Marxism-Leninism in Moscow. I came to realize Engels's bias at the time. Since then over 30 years I have documented the difference between the fifth chapter of Marx's manuscript and the Part V of the Engels's edition in order to reveal what Marx analyzed in the fifth chapter of Volume...