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Interlocking Turnover Continua and the Structure of Capital

Author

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  • Daniel E. Saros

    (Valparaiso University, Valparaiso, IN, USA)

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.

Suggested Citation

  • Daniel E. Saros, 2014. "Interlocking Turnover Continua and the Structure of Capital," Review of Radical Political Economics, Union for Radical Political Economics, vol. 46(3), pages 380-401, September.
  • Handle: RePEc:sae:reorpe:v:46:y:2014:i:3:p:380-401
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    More about this item

    Keywords

    constant capital; labor-power; monetary expression of labor time; surplus value; turnover continuum; variable capital;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian

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