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Tag Archives: constant capital
Kapital vol. 3 part 1 chapter 6: The Effect of Price Fluctuations
We might take these themes to heart in our own time. It would be easy to blame the crisis of the 1970’s on the OPEC crisis as many historians do. It would be easy to blame our present crisis just on the sub-prime bubble, or our own oil prices. But the problems caused by these fluctuations in prices only serve to expose much more fundamental rhythms of capitalist accumulation. As in the cotton crisis we can see the capitalist class today acting as a class, through the the state, to preserve itself. Continue reading
Posted in Kapital Vol. 3, Uncategorized
Tagged appreciation, capitalist class, constant capital, cotton crisis, Das Kapital, depreciation, economics, fluctuations, marx, raw materials, surpl, surplus value, value, volume 3
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Part 1 chapter 5 Economy in Employment of Constant Capital
Marx begins by explaining that a rise in absolute surplus value will always raise the rate or profit. Remember that a change in absolute surplus value means a rise or fall in the total amount of surplus value, not a change in the rate of surplus value. A capitalist increases absolute surplus value by lengthening the working day or hiring more workers. This increases both v and s in the same proportion. Continue reading
Posted in Kapital Vol. 3
Tagged capital, constant capital, crisis, Das Kapital, economics, falling rate of profit, labor theory of value, machines, marx, productivity, surplus value, volume 3
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Kapitalism101 