[OPE-L:1692] Re: Defining & understanding the accumulation of

Paul Cockshott (wpc@cs.strath.ac.uk)
Thu, 4 Apr 1996 07:13:38 -0800

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Paul Z asks
What definition of accumulation are you using in this posting and how do
you response to the issues I raised about accumulation of capital?

Paul C
I take accumulation of capital to mean an increase in the mass of
value, measured in time, embodied in instruments of production,
work in hand, money and privately appropriated information.

I do not regard capital accumulation as being synonymous with
an expansion of the mode of production. The two often, but not
always coincide. Once a society has very little in the way of
a reserve of non capitalist producers, then accumulation can
become disconnected from an expansion of capitalist relations
of production.
Paul Cockshott