An Outline of the Dialectic of Capital: Volume 2 by Thomas T. Sekine PDF

By Thomas T. Sekine

ISBN-10: 0230378358

ISBN-13: 9780230378353

ISBN-10: 0312175582

ISBN-13: 9780312175580

ISBN-10: 0312175590

ISBN-13: 9780312175597

ISBN-10: 0312175604

ISBN-13: 9780312175603

ISBN-10: 0333666771

ISBN-13: 9780333666777

ISBN-10: 1349398527

ISBN-13: 9781349398522

Greater than 100 years after the dying of Karl Marx, his monetary paintings is revived the following with analytical rigor. This two-volume research presents an up to date model of Marx's monetary concept in its complete scope, revealing the interior good judgment of capital, the unfolding of which reproduces the "idea" of capitalism. Two-volume set.

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New PDF release: An Outline of the Dialectic of Capital: Volume 2

Greater than 100 years after the demise of Karl Marx, his monetary paintings is revived right here with analytical rigor. This two-volume learn offers an up-to-date model of Marx's financial idea in its complete scope, revealing the interior good judgment of capital, the unfolding of which reproduces the "idea" of capitalism.

Additional resources for An Outline of the Dialectic of Capital: Volume 2

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As X approaches 1 from below, q(t) falls towards q*. One can easily confirm that the first line of (5) can be written equivalently as q{t) = q — X(q — q*), if 0 ^ X < 1. Let us, therefore, adopt the simplifying notation (3 = q - q, and write q{t) - q= P(l --|) for 0 ^ A, < 1. Since X = XZ = XZaeg\ we may now transform (1) above into E(t) = P ^ l --|)e*' (6) This equation determines the magnitude of extra surplus value earned by innovating capitalists at time t, so long as 0 ^ "K < 1. Let us now denote by K(t) the existing stock of conventional spinning machines, at time t, expressed in labour (or labour-proportional money) value.

34 The Doctrine of Distribution This, however, is never the case in reality, even in the context of a purely capitalist society. Although, in the process of competition, all capitalists do endeavour to adopt the most profitable of all available techniques, they do not all necessarily end up employing a single technique in any industry. Thus, the same use-value will, in general, be produced with several alternative methods. e. to circumstances not explainable by the logic of capital. Firms operating in any given industry are normally different in size, location, managerial organisation and the technical method of production they have adopted.

9) If the demand for cotton yarn is stationary (g = 0), A#) depends exclusively on 5, the depreciation-rate of the existing conventional machines. The determination of time 7**, at which the definitive switch from the old to the new technique occurs, is now straightforward. Substitute (9) into (6) to find E(t) = ± PZ,, W - e^+2&% (10) the integration of which is E(T) = Jo E(t) dt _ pz 0 2 I g + 5 ( H ) + 26 On the other hand, it follows from (7) that K(T) = KQe-h\ (12) From (11) and (12), it is possible to determine T* such that aE(T*) = K(T*), 0 < a < 1.

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An Outline of the Dialectic of Capital: Volume 2 by Thomas T. Sekine


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