The Accumulation of Capital

Geoffrey Kay
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Geoffrey Kay: The City University

Chapter 3 in Development and Underdevelopment: A Marxist Analysis, 1975, pp 56-85 from Palgrave Macmillan

Abstract: Abstract In capitalist society reproduction takes place on an ever-extending scale. The social product always exceeds necessary consumption: as it does in every class society. But capitalism differs from other class societies in one vital respect: the surplus takes the form of surplus value, is appropriated by capital as profit and systematically ploughed back into production, for it is the nature of capital to expand. ‘Accumulate, accumulate! That is Moses and the Prophets. Accumulation for accumulation’s sake, production for production’s sake …’1

Keywords: Social Capital; Quantitative Aspect; Capitalist Production; Capitalist Society; Class Struggle (search for similar items in EconPapers)
Date: 1975
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DOI: 10.1007/978-1-349-02062-1_4

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