each branch of industry being sold according to that price of production which will consist of the value of its cost of production together with a share of profit out of the general fund of surplus-value in proportion to the size of the capital employed in its production and circulation. By means of this price of production the excess of surplus-value above the average rate produced in one sphere of production by reason of the low organic composition of the capital employed therein, will be transferred to that sphere of production wherein the amount of surplus-value produced is below the average, by reason of the high organic composition of its capital. In those branches of industry where the organic composition of capital corresponds with the average or social composition of capital, commodities will be sold at their values, their prices of production will coincide with their values; in those branches whose organic composition is above the average, the prices of production will be above their values in proportion to the composition of their capital; and in the branches whose composition is below the average the prices of production will be proportionately below their values.
The appearance in 1894 of the third volume of Capital created a sensation in interested circles. While it does not stand in any direct relation to the Revisionist movement, it can hardly be denied that it made its formal argumentation more plausible. The solution of the Great Contradiction contained in the third volume, and the rest of the matter therein contained and intimately connected with this solution, opened the door to no end of discussion as to the relation between the first and third volumes of Capital. So that the problem to many has turned into the question how to reconcile the supposedly opposed doctrines taught in these two volumes of Marx's life work. The Great Contradiction, in the opinion of many, was not solved, but extended so as to embrace the whole Marxian theory. This was confidently asserted by all the opponents of Marxism, who drew breath. It was heralded from one
