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Class Struggle in Production and Devalorization of Capital

In: Revitalizing Marxist Theory for Today's Capitalism

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  • A.D. Magaline

Abstract

From the moment that capital is no longer satisfied to remain commercial or interest-bearing capital, but begins a production process to exploit labor power, i.e., from the moment capital functions as a relation of production and as a relation of classes, immobilization of a part of the means of production (means of work and objects of work) as use-values becomes necessary, even though they by themselves produce no surplus value. Marx aptly refers to the capital thus immobilized as “constant capital.”

Suggested Citation

  • A.D. Magaline, 2011. "Class Struggle in Production and Devalorization of Capital," Research in Political Economy, in: Revitalizing Marxist Theory for Today's Capitalism, pages 255-268, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rpeczz:s0161-7230(2011)0000027011
    DOI: 10.1108/S0161-7230(2011)0000027011
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