Marx evidently has in mind here a passage in Adam Smith’s Wealth of Nations (vol. 2, ch. 2) in which he speaks of the circulation of a country as consisting of two distinct parts: circulation between dealers and dealers, and that between dealers and consumers. The word dealer signifies here not only a merchant or shopkeeper, but also a producer. K. Kautsky.

Here two words in the manuscript can not be deciphered. They look like “ausser sich” (“outside of itself”). K. Kautsky.

As the “notes” written down by Marx in the following eight paragraphs are extremely fragmentary, making translation in some cases impossible without a certain degree of interpretation, and as the original is not accessible in book-form, they are reproduced here in German for the benefit of the student who may feel interested in the original wording as it had been jotted down by Marx.

Im Original ist zu lesen    Va

Im Original ist zu lesen    egtl.

The site of the “Times” building in London. K. K.