Tag: productive capital

Capital Volume II: Class 5

Reading: Capital III, ch. 16-20 Having described in Volume II the full circuit of capital from production through circulation and back to production, in Volume III Marx extends his analysis to the class structure of these different phases of capital’s movement. He lays out his dialectical view of this class structure in the following way: […]

Tags commercial capital, money-lending capital, productive capital, productive workers, surplus-value, unproductive workers

Marx's Capital

Capital Volume II: Class 4

Post author By Lenidzky
Post date April 25, 2021
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Reading: Capital II, ch. 7-11 Part II, The Turnover of Capital, begins with a description of fixed and fluid capital. These are the two forms of capital found in productive capital. To review, productive capital is one of the three forms capital takes as it moves through the economy. Productive capital is that capital found […]

Tags Adam Smith, circulating capital, constant capital, fixed capital, fluid capital, ideology, productive capital, turnover of capital, variable capital

Marx's Capital

Capital Volume II: Class 2

Readings: Capital II, ch. 1-3 At the start of Volume II, Marx introduces the process of circulation of industrial capital, which he divides into three forms: money capital, productive capital and commodity capital. Since this is the first time I am reading this text, I do not know exactly where he is going with this, […]

Tags circulation, commodity capital, deflation, money capital, productive capital