Re: [OPE-L] glossary for V1 of _Capital

From: Ian Hunt (ian.hunt@FLINDERS.EDU.AU)
Date: Tue Jan 08 2008 - 19:07:32 EST

Dear Paul,
I take from this that you have no term for the process of capital
investment where  C+V (capital) increases but V does not (ie either
it is constant or decreases)? Or at least you don't use the term
'accumulation' for it. Perhaps you could just say that it is a case
of growth of capital without accumulation?
I can see that you want to talk about accumulation in a way that
focuses on increase in hours worked, either because more workers work
or workers  work more hours (V can increase even when the number of
labourers is constant - perhaps you just want the case where the no
of labourers increases)) but I am not sure that this matters as much
as you seem to think it matters,

>>I am not sure how the various terms you propose fit the case where C
>>increases but V does not. If I have you right, you distinguish between
>>'accumulation' which involves increase of C and V and 'accumulation of
>>capital', which involves increase of C without increase of V, due to
>>either getting workers to work longer hours on more means of production
>>('production of absolute surplus value') or getting fewer workers to work
>>on more productive means of production ('production of relative surplus
>>value') so that the organic composition of capital increases or the
>>'materialized composition of capital increases'. Is this what you mean to
>Ian, no.
>I don't distinguish between two types of 'accumulation of capital', but
>rather only one centered around an increase of the proletariat.  I am not
>interested in a concept involving c/v increasing conditional upon v
>constant.  If we want to discuss c/v changing, then we discuss it.  The
>deeper point is to have 'accumulation of capital' have a content which
>focuses upon the working class.  This is more substantive than using
>'accumulation of capital' thrown all over as a sort of high-sounding phrase
>pretty much meaning 'capitalism'.
>I believe this is consistent with the Marx's deeper intent, but there is a
>certain ambiguity in his language which I address.
>Hope this helps, Paul
>(Vol.23) THE HIDDEN HISTORY OF 9-11-2001  --  U.S. softcover forthcoming
>           video summary from Snowshoe Films at

Associate Professor Ian Hunt,
Dept  of Philosophy, School of Humanities,
Director, Centre for Applied Philosophy,
Flinders University of SA,
Humanities Building,
Bedford Park, SA, 5042,
Ph: (08) 8201 2054 Fax: (08) 8201 2784

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