Materialized Composition of Capital and its Stability in the United States

Paul Zarembka
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Paul Zarembka: State University of New York at Buffalo

Review of Radical Political Economics, 2015, vol. 47, issue 1, 106-111

Abstract: The materialized composition of capital, a concept needing more attention, helps to correctly understand the value or organic composition that Marx discussed. For theoretical clarity, it is actually preferable. Evidence from frequently utilized data indicates that the materialized composition in the United States has been stable since 1956 at a level around two. Changes in the value or oft-cited organic composition of capital have, therefore, been limited to changes in the rate of surplus value.

Keywords: composition of capital in Marx; post-WWII U.S. economy (search for similar items in EconPapers)
JEL-codes: B51 E11 E22 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:47:y:2015:i:1:p:106-111

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