Recent Comments
MrEverpresent on The Law of Value 2: The Fetish… Westicle on Dialogue with Patrick Murray o… kapitalism101 on A Post-Capitalist Future-Not B… Westicle on A Post-Capitalist Future-Not B… kapitalism101 on A Post-Capitalist Future-Not B…
Tag Archives: variable capital
Das Kapital vol.3 part 1, chapter 4: The Effect of Turnover on the Rate of Profit
This chapter is written entirely by Engels. According to Engels all Marx had completed for this chapter was the title.
Turnover time does not effect any of the basic observations about the rate of profit which we have already made. But it does alter the speed at which profits are made, thus effecting the rate of profit. While this may not be the most exciting chapter ever written there are some important concepts here. Most importantly, the faster the turnover time the higher the rate of profit. This means that capital has a marked tendency to decrease the turnover time both in production and circulation. Continue reading
Posted in Uncategorized
Tagged bohm-bawerk, capital, David Harvey, economics, engels, karl marx, labor theory of value, profit, socially neccesary, surplus value, turnover time, value, variable capital, volume 3
9 Comments
Das Kapital vol.3 part1, chapter 3: The Relation of the Rate of Profit to the Rate of Surplus Value
Before we can examine the formation of a general rate of profit and the way this causes prices to diverge from values we have more examining to do of this equation for the rate of profit: s/(v+c). Continue reading
Kapitalism101 