Cover -- Contents -- -- Foreword -- A deep‐level and long‐term understanding of capitalist society -- The theoretical approach of this book and mainstreams' economics -- Marx and other predecessors, truisms, banalities, centaurs and pans in economics -- Productive and sterile economy -- Deficient producive spending -- Prosthetics, their evolution and dilemmas -- Money creation vs no money creation, fiat money vs commodity money -- Novelty in this book -- Credentials -- Part I: Introduction to elementary economics of profit economies -- Chapter I. Praeter‐Economics: Wealth procurement by violence -- Chapter II. Value, money and the economic system -- Section 1. Value and value attribution -- Value‐in‐use‐attribution -- Use‐relatedness of objects -- Subject‐relatedness and the systemic character of values‐in‐use -- The state and time horizons for values‐in‐use -- Value‐in‐exchange‐attribution -- The state, owner power, and value‐in‐exchange -- Theory of value and theory of "deal‐making" and pricing -- (Monomial) theory of value: Seller's value, buyer's value and bystander's value -- (Binomial) theory of deal‐making and pricing -- Nominalism and reflexivity in the theory of value‐in‐exchange -- Attribution of value‐in‐exchange and "esoteric", "effectual", and "effective" demand -- Merchant heroes and trade systems -- The pacegeneticity and bellogeneticity of trade systems -- Section 2. Money and money creation -- Money -- Indirect exchange, media of exchange, and the origin of commodity money -- Commodity money, credit money, and fiat money -- The value of state fiat money and the reasons for its acceptance -- State taxes, legal tender, and fiat money -- Additional comments on state fiat money -- Money creation -- Creation of commodity money, credit money and fiat money -- Money creation and reserve holding vs credit money and solvency.

Money creation and reserve holding -- Credit money and solvency -- Where the new money goes: Money creation and the geopolitical rivalry of states -- Section 3. The economic system -- Chapter III. Wealth procurement by exchange -- Section 1. Consumptive and investive spending: C-M-C' and M-C-M' -- Two types of circuits -- "Out‐legs" and "in‐legs" of circuits -- Two types of circuits: C-M-C' and M-C-M'-circuits -- Marx' "under‐use" of the distinction between C-M-C' and M-C-M'-circuits -- C-M-C' -- M-C-M' (M-C…C'-M') -- M-C-M' (M-C…C'-M') in general -- M-C-M' (M-C…C'-M'), c, v and s, profit and loss, cashflow, and present values -- The origins of profits in M-C-M' -- A metaphor for M-C-M' -- Causation vs teleology -- the objectivation of subject‐related and subjective value attributions -- A Balance sheet view of M-C-M' -- M-C-M' and supply and sales peripheries -- M-C-M' as driver of economic and technical evolution -- Segregating effects of M-C-M' -- "Circuit‐relatedness" versus "time‐periodicity" -- C-M-C'- and M-C-M' as circuits, not period‐flows -- M-C-M' in product markets and asset markets -- M-C-M' and social anthropology -- Predator‐prey interdependence and M-C-M'-governed macro‐transmissions -- Section 2. The productive and the sterile economy -- The wealth economy: Sterile revenues and sterile spending -- Sterile wealth owners' sterile debt revenues -- Sterile wealth owners' sterile rent revenues -- Sterile wealth owners' sterile profit revenues -- Sterile wealth owners' sterile asset sales revenues -- The productive economy: Producive revenues and spending -- Productive wealth owners' employment‐generating consumptive revenues -- Productive wealth owners' employment‐generating investive revenues -- Section 3. A tableau economique of modern capitalism -- Arrival and departure ports of wealth owners.

A three‐unit‐ tableau économique of "original" capitalism (without prosthetics) -- Elaborating sterile and employment‐generating spending -- Lack of a proper distinction between wealth economy and productive economy in mainstreams economics -- Section 4. An original assembly -- Part II: Ancient capitalism, the ascent of ancient prosthetics and their dilemmas -- Chapter IV. Primitive society, civilization and the ancient master drama -- Section 1. Goods procurement in primitive society -- Nutrition procurement, storage and rhythms in primitive life -- Impact of the neolithic -- Section 2. Primitive society and civilization -- The small step from exchange to capitalism -- Host system and guest system -- A new view of the Middle Ages -- Section 3. The master drama of ancient capitalism: Land for peasants -- Agriculture and small peasants' land ownership -- Legal construction of land ownership, property etc. -- The distribution of agrarian land, production, population, taxes, armies and state administration -- Small peasant's land ownership, production and states' tax incomes etc. -- Latifundists' land ownership, production and states' tax‐incomes etc. -- Chapter V. Conservative‐restorative policies and prosthetics in ancient capitalism -- Section 1. Conservative‐restorative policies and prosthetics in ancient Greece -- Origins of the ancient master drama in Greece -- Peaceful economics and violent prater‐economics -- Draco, the reformer -- Solon, the reformer -- Peisistratus and his sons, tyrants as reformers -- Ancient prosthetics and the Persian wars -- Conservatism, prosthetics and Athena's splendor -- Spartans -- Section 2. Conservative‐restorative policies and prosthetics in ancient Rome -- Origins of the ancient master drama in Rome -- The Lex Licinia Sexta agraria -- Wars and plantations -- Tiberius Gracchus -- Gaius Gracchus.

Marius and Saturninus -- Marcus Livius Drusus -- Publius Sulpicius Rufus -- Cinna -- The end of the republic -- Section 3. China: A glance at 2000 years of East‐Eurasian ancient master drama -- Constituents of the ancient master drama in China -- The ancient master drama throughout the main Chinese dynasties -- Section 4. The failure of conservatism/restoration, ancient prosthetics and their dilemmas -- A story with a result known in advance -- The general result of the ancient master drama -- Circumstances particularly damaging to small peasants -- Circumstances allowing small peasants to recuperate land -- The failure of conservative‐restorative policies and the meaning of the defeat of the small peasantry -- Interests of central states in a strong small peasantry -- Contradictions within ancient states and the failure of conservative‐restorative policies -- The meaning of the defeat of the small peasantry -- The failure of conservative‐restorative policies and the rise of prosthetics -- Part III: The deficiency of employment‐generating spending in modern capitalism -- Chapter VI. The master drama of modern capitalism: Employment for workers -- Chapter VII. The structural deficiency of employment‐generating spending in modern capitalism -- Section 1. Circuit closure analysis -- Section 2. Quesnay's depenses‐integrated "royaume agricole" -- An organism reproduced by just the right "depenses" -- Tableau economique as quantitative flow diagram -- The stocks, flows, quantities and action in the tableau -- Quesnay's macro transmissions -- Disorder and growth in the tableau -- Section 3. Smith: An invisible hand over suppliers and customers -- Section 4. Proudhon and Sismondi: Producers cannot buy their produce -- Section 5. Malthus: Costs cannot buy value -- Principle of Population: needed food supply vs production.

Principles of political economy: potential and real production -- Four stimuli of supply -- The requirement of a union between production and distribution -- Section 6. What Say said and Ricardo's Law of Say -- Ricardo and Say -- What Say said -- Ricardo's Law of Say -- Ricardo's Law of Say in ideological battles -- Macro transmissions in the interpretations of Ricardo's Law of Say -- First interpretation of Ricardo's Law of Say -- Second interpretation of Ricardo's Law of Say -- Third interpretation of Ricardo's "Law of Say" -- Section 7. Marx's insufficient theory on insufficient employment‐generating spending -- Karl Marx -- M-C-M' and employment‐generating spending -- M-C-M' as theory of wealth accumulation and segregation -- M-C-M' and a theory of employment‐generating spending -- A dialectical feast with M-C-M' and employment‐generating spending in the "Grundrisse" -- The Theories of Surplus Value: Marx's critique of Malthus theory of "mutual swindling" -- The labor theory of value and employment‐generating spending -- Value as costs of labor employed? -- Value as labor commanded by exchange? -- Value as quantity of labor employed: the Ricardo‐Marx labor theory of value -- Marx's parade against gliding into Ricardo's Law of Say: value creation vs value realization -- Marx's exploitation theory and employment‐generating spending -- Marx's exploitation theory -- Marx's exploitation theory and employment‐generating spending -- Marx's "Law of the tendential fall of the profit rate" and employment‐generating spending -- Marx's macro transmissions - the reproduction schemes and employment‐generating spending -- Departments, sub‐departments and flows in the reproduction schemes -- Simple reproduction -- Extended reproduction -- Russian revolutionaries, Rosa Luxemburg, and the reproduction schemes.

The reproduction schemes and employment‐generating spending.