Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-ndmmz Total loading time: 0 Render date: 2024-05-04T09:21:09.312Z Has data issue: false hasContentIssue false

5 - Simple Reproduction in Capital, Vol. I, Ch. 7, 11 and 23

from Part II - The Capitalist Mode of Production

Published online by Cambridge University Press:  05 May 2013

Get access

Summary

If the capitalist-to-be invests a primitively accumulated capital of £1,000, if this capital of £1,000 produces yearly a surplus value of £200, and if further this surplus value of £200 is consumed unproductively by the capitalist in order to reproduce him or herself and his family, then at the end of a period of 5 years the surplus value consumed unproductively (5 × £200 = £1,000) will be equal in value to the £1,000 originally invested and the original capital will in effect have been entirely used up and will exist no more. Similarly, if the capitalistto- be consumes surplus value unproductively at only half the annual rate as that in the above example (i.e. at the rate of only £100 per year), it will take 10 years instead of 5 for the original investment to be consumed unproductively by the capitalist-to-be in the form of his profit on the enterprise. In both cases the result will be the same: if unproductive consumption takes place by the capitalist-to-be and his or her family in order to reproduce themselves and is not put back into the enterprise in some way, there must eventually come a point – whether it is in 5 years time, 10 years or even 50 years – when the original sum invested has been entirely used up during the process of production and is no more.

Type
Chapter
Information
Publisher: Anthem Press
Print publication year: 2012

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×