[OPE-L:3743] money capital

From: Paul Cockshott (wpc@dcs.gla.ac.uk)
Date: Mon Sep 04 2000 - 10:36:29 EDT

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Fred wrote:
> 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.

Paul Cockshott

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