[OPE-L:3744] Re: Re: Re: Re: Re: definition of constant capital

From: clyder (wpc@dcs.gla.ac.uk)
Date: Mon Sep 04 2000 - 10:34:40 EDT

[ show plain text ]

> I argue that, within Marx's analytical framework of the circulation of
> capital, "the capital that is turned into means of production" is one
> component of the initial money-capital, M, that is used to purchase means
> of production in the first phase of the circulation of capital. What else
> could it be? What else is "turned into means of production" besides the
> initial money-capital?

A portion of society's labour time is turned into means of production.

This archive was generated by hypermail 2b29 : Sat Sep 30 2000 - 00:00:03 EDT