Simple Reproduction
- Title
- Simple Reproduction
- Description
-
Marx's diagram of simple reproduction is shown in [the Figure]
Here, the commodity product C' is divided into two parts: C, representing the value of advanced capital; and c, representing surplus-value. The money capital M' for which commodity capital is exchanged is similarly divided into M and m. M is once more advanced for new elements of productive capital, C< LMP , which function in the sphere of production on the same scale as before (P). Realized surplus-value m is used to purchase the capitalist's means of consumption, commodities c; m, therefore, serves not as capital advanced for the purpose of value expansion, but as money spent for personal, as opposed to productive, consumption. The capitalist's personal consumption, c--m--c, originates in the circuit of industrial capital, but becomes separated from it. - Designer
- Fox, John
- Date
- 1985
- Bibliographic Citation
- John Fox, 1985. Understanding Capital Volume II. Progress Books. Figure 2
Part of Simple Reproduction