Interlocking Turnover Continua and the Structure of Capital

Daniel E. Saros
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Daniel E. Saros: Valparaiso University, Valparaiso, IN, USA

Review of Radical Political Economics, 2014, vol. 46, issue 3, 380-401

Abstract: This article further develops the notion of a turnover continuum so as to better comprehend the logical structure of Capital. The concept is modified to include surplus value and the interconnectedness of multiple industries. By bringing together the value of labor-power, the monetary expression of labor time, and socially necessary abstract labor time within a single analytical framework, the approach sheds light on the logic of Marx’s theoretical structure.

Keywords: constant capital; labor-power; monetary expression of labor time; surplus value; turnover continuum; variable capital (search for similar items in EconPapers)
JEL-codes: B51 E11 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:46:y:2014:i:3:p:380-401

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