Capitalism; Imperialism; Saving and investment; Socialism
Department II, in turn, after selling these consumer goods to the value
of 100, is now in a position to acquire additional means of production
to the same amount from Department I. And in fact, Department I still
has precisely one hundred of its surplus product left over which now
find their way into Department II, enabling the latter to expand its own
reproduction as well. Yet here, too, the additional means of production
alone are not much use; to make them operate, additional labour power is
needed. Assuming again that the previous composition of capital has been
maintained, with a ratio of 2 to 1 as regards constant and variable
capital, additional labour to the tune of 50 is required to work the
additional 100 means of production. This additional labour, however,
needs additional consumer goods to the amount of its wages, which are in
fact supplied by Department II itself. This department must therefore
produce, in addition to the 100 additional consumer goods for the new
workers of Department I and the goods for the consumption of its own
workers, a further amount of consumer goods to the tune of 50 as part of
its aggregate product. Department II therefore starts on enlarged
reproduction at a rate of _1,600c + 800v_.
Now the aggregate product of Department I (6,000) has been absorbed
completely. 5,500 were necessary for renewing the old and used-up means
of production in both departments, and the remaining 500 for the
expansion of production: 400 in Department I and 100 in Department II.
As regards the aggregate product of Department II (3,000), 1,900 have
been used for the increased labour force in the two departments, and the
1,100 consumer goods which remain serve the capitalists for their
personal consumption, the consumption of their surplus value. 500 are
consumed in Department I, and 600 in Department II where, out of a
surplus value of 700, only 150 had been capitalised (100 being expended
on means of production and 50 on wages).
Enlarged reproduction can now proceed on its course. If we maintain our
rate of exploitation at 100 per cent, as in the case of the original
capital, the next period will give the following results:
I. _4,400c + 1,100v + 1,100s = 6,600_
II. _1,600c + 800v + 800s = 3,200_
-----
Total: 9,800
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account