[OPE-L:1723] Re: Defining & understanding the accumulation of

=?EUC-KR?B?sOa/tbTrx9AgsbO89sD8u+q9xw==? (conlee@chonnam.chonnam.ac.kr)
Mon, 8 Apr 1996 17:52:36 -0700

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From: Paul Zarembka
Sent: Monday, April 8, 1996 5:58 AM
To: Multiple recipients of list
Subject: [OPE-L:1717] Re: Defining & understanding the accumulation of

On Fri, 5 Apr 1996, Duncan K Foley wrote:

> ...Maybe if you could
> give an example of a "theoretical definition" in the sense you want, it
> would help.
> >
> > When you write that accumulation is "co-extensive with the reproduction of
> > capitalist social relations on larger scale..." what does co-extensive mean?
> > What is it other than increase in c AND v, more work hours working with
> > more means of production? I mean the DEFINITION, not what causes or
> > effects expanded c AND v.
> >
> > Is this clearer?
> >
> > Paul Z.

Ok, how about this defintion--accumulation of capital is increase in the
amount of labor hours purchased by capital, accompanied by a required
purchase of additional means of production (the former measured by v and
the latter measured by c)? In other words, it is exactly an expansion of
capitalist social relations of production.

I believe this definition corresponds with Marx's chapter, "The
Conversion of Surplus Value into Capital" in Volume 1.

Paul Z.