Theory of Profit

Thomas T. Sekine
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Thomas T. Sekine: Aichi Gakuin University

Chapter 7 in An Outline of the Dialectic of Capital, 1997, pp 3-69 from Palgrave Macmillan

Abstract: Abstract Value and surplus value can be realised only by the sale of the commodity which embodies them. It is this fact that underlies the principle of the distribution of surplus value in the form of profit. Even industrial capital must purchase all of its productive elements as commodities, and sell its own product again as a commodity. Since all such transactions occur in the capitalist market, the operation of the latter must now be studied in explicit terms. The activities of industrial capital must, in other words, be examined as they appear in the capitalist market. For industrial capital, this represents a return to the standpoint and perspective of its infancy when it first evolved from merchant capital.

Keywords: Capitalist Market; Capital Accumulation; Technical Progress; Capital Good; Fixed Capital (search for similar items in EconPapers)
Date: 1997
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DOI: 10.1057/9780230378353_1

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