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
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, Leeds, pp. 255-268. https://doi.org/10.1108/S0161-7230(2011)0000027011
Publisher
:Emerald Group Publishing Limited
Copyright © 2011, Emerald Group Publishing Limited