Heterodox
Chapter 23 of volume 1 of Capital is called “Simple Reproduction” and deals with capitalist accumulation on an unchanged base of capital (Brewer 1984: 67).This Chapter begins Part 7 of volume 1 called “The Process of Accumulation of Capital” (which includes Chapters 23, 24, and 25).For Marx, there is a process called the circulation of capital: “The conversion of a sum of money into means of production and labour-power, is the first step taken by the quantum of value that is going to...
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