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Class Struggle in Production and Devalorization of Capital

Revitalizing Marxist Theory for Today's Capitalism

ISBN: 978-1-78052-254-8, eISBN: 978-1-78052-255-5

ISSN: 0161-7230

Publication date: 7 November 2011

Abstract

From the moment that capital is no longer satisfied to remain commercial or interest-bearing capital, but begins a production process to exploit labor power, i.e., from the moment capital functions as a relation of production and as a relation of classes, immobilization of a part of the means of production (means of work and objects of work) as use-values becomes necessary, even though they by themselves produce no surplus value. Marx aptly refers to the capital thus immobilized as “constant capital.”

Citation

Magaline, A.D. (2011), "Class Struggle in Production and Devalorization of Capital", Zarembka, P. and Desai, R. (Ed.) Revitalizing Marxist Theory for Today's Capitalism (Research in Political Economy, Vol. 27), Emerald Group Publishing Limited, Bingley, pp. 255-268. https://doi.org/10.1108/S0161-7230(2011)0000027011

Publisher

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Emerald Group Publishing Limited

Copyright © 2011, Emerald Group Publishing Limited