This is because in contrast to the constant capital expended on means of production, variable capital can add value in the bullshit process.
12.
See below for the relative magnitudes of the two departments which serve as weights for summing up constant and variable capitals . )"
13.
"( The constant and variable capital of the economy as a whole is a weighted sum of these capitals of the two departments.
14.
Therefore, the conversion of the greater part of the total capital is now used as constant capital, a reduction of variable capital necessarily follows.
15.
C'is equal to constant capital plus variable capital plus some extra amount of surplus value ( s ), which arises out of variable capital.
16.
C'is equal to constant capital plus variable capital plus some extra amount of surplus value ( s ), which arises out of variable capital.
17.
The value composition of capital ( VCC ) is usually expressed as a ratio of constant capital to variable capital, or { c \ over v }.
18.
He argues that the total new value added in production, which he calls the value product, consists of the equivalent of variable capital, plus surplus value.
19.
Up to this point it has been assumed that the increase or diminution of the variable capital corresponds rigidly with the increase or diminution of the number of labourers employed.
20.
His argument is that as capitalism develops, the organic composition of capital will increase, which means that the mass of constant capital grows faster than the mass of variable capital.
