An Outline of the Dialectic of Capital Volume 2 - download pdf or read online

By Thomas T. Sekine

ISBN-10: 0230378358

ISBN-13: 9780230378353

Greater than 100 years after the loss of life of Karl Marx, his monetary paintings is revived the following with analytical rigor. This two-volume examine offers an up to date model of Marx's monetary idea in its complete scope, revealing the interior common sense of capital, the unfolding of which reproduces the "idea" of capitalism. Two-volume set.

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Additional info for An Outline of the Dialectic of Capital Volume 2

Sample text

For the forces of competition generally standardise, or make uniform, the technical efficiency of capitalist firms in each industry. In this way, the pursuit of surplus profit can be viewed as the capitalist method of enforcing the law of value through competition, so that the market value of a commodity tends, in any case, to approach the quantity of labour actually spent for its production on average. In some cases, however, technical variations in the method of producing a use-value persist, even in the long run, because of a permanent inelasticity in the supply of a factor of production.

741). 359). 632) are available to us. 734). The results are not exact because I have rounded off numbers, but they are tolerably close. 1057/9780230378353 - An Outline of the Dialectic of Capital, Thomas T. com - licensed to Univ North Carolina-Greensboro - PalgraveConnect - 2013-10-10 and The above theory can easily be generalised to apply to a capitalist economy with any number of commodities, with fixed capital, and with different turnover-times of capital. Such a general case has been treated elsewhere (The Dialectic of Capital, vol.

The value (or price) of the luxury good may, however, rise or fall, since the value (or price) of the capital good and the rate of surplus value (or profit) change in opposite directions. Thus, it turns out that only when a productivity change occurs in the capital-good sector is there any uncertainty. The direction of change in the value (or price) of the luxury good is, in any case, not a matter of great importance. The only noteworthy uncertainty then is the effect of a change in /, on the two crucial rates.

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An Outline of the Dialectic of Capital Volume 2 by Thomas T. Sekine

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