[Marxism] Question

Ed George edgeorge1963 at gmail.com
Tue Feb 5 11:58:29 MST 2013


If the existence of capital implies its own self-expansion, i.e.
capitalist production and reproduction necessarily implies the
accumulation of surplus-value, and therefore technical change and a
rise in the productivity of labour (ratio of physical output to labour
consumed), what is the *specific* mechanism for the imperative on the
part of capitalists to accumulate, i.e. consume productively, (some
of) their surplus-value as new capital (rather than consuming it
unproductively)?




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