By Michael Heinrich
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Additional info for An Introduction to the Three Volumes of Karl Marx's Capital
Yet in view that technique of creation and subsistence aren't purely allotted, yet relatively exchanged, the determinate fabric part of the complete social product also needs to have a undeniable price share, in order that the technique of construction and subsistence can be paid for. 138 A N I N T R O D U CT I O N TO ok A R L M A R X ’ S C A P I TA L we will make this proportioning transparent utilizing a very simplified instance. Let’s think an economic system during which there are just employees and capitalists and during which all creation is prepared capitalistically. allow us to additionally omit fastened capital, which means that we imagine that the total consistent capital is used up in the interval below consideration—say, a year—and transfers its price to the product. during this financial system, there are literally thousands of assorted branches (steel undefined, chemical undefined, foodstuffs brands, garments undefined, and so forth. ), and every one of these branches might be additional divided right into a variety of sub-branches. For our reasons, we are going to in basic terms distinguish among huge departments of creation: division I produces technique of creation, and division II technique of intake within the broadest experience. the variation among the 2 departments lies within the use in their items: items from division I input into additional creation techniques, whereas items from division II circulate the intake of working-class and capitalist families. a chain of goods, for instance autos, are sufficient for either reasons. From our simplified standpoint, allow us to additional imagine that autos used as technique of creation are produced in division I, while autos used as technique of intake are produced in division II. in order that the entire social capital will be reproduced, the goods of either departments can't exist in an arbitrary dating of volume and cost. we are going to firstly study their beneficial proportioning less than the precondition of straightforward copy, which means that we overlook accumulation and as a result think that the complete surplus worth flows into the intake of the capitalists. If cI and vI are the consistent and variable capital for division I and sI the excess price produced in that division (with cII, vII, and sII the corresponding values for division II), then the subsequent is legitimate for the whole product worth: In division I cI + vI + sI In division II cII + vII + sII TH E C I R C ULAT I O N O F C A P I TA L 139 The made of division I is composed materially of technique of construction. If easy replica is to be attainable, then this product needs to substitute the technique of construction utilized in either departments. for that reason the next worth relation needs to be legitimate: cI + vI + sI = cI + cII The made from division II contains technique of intake. It needs to hide the intake of the employees and capitalists in either departments. therefore the next has to be legitimate: cII + vII + sII = vI + vII + sI + sII From either equations (subtracting the typical parts on either side) it follows that: cII = vI + sI hence the worth of the consistent capital utilized in division II has to be akin to the worth of variable capital and surplus price in division I.