first summary notes from this chapter sections 1 – 6 (ongoing)
1.Formulation of the Problem
Begins with considering the annual functioning of the social capital and the commodity product supplied by a society in the course of a year, this will show how the reproduction of the social capital proceeds, and what the distinguishing and common characteristics between the social capital and the individual capitals of which it is made up.
Annual product: includes productive and unproductive consumption, those parts of social product that replace capital, social reproduction and that of the consumption fund, for both workers and capitalists. This involves the reproduction of the working and capitalist class, and of capitalist relations of production.
The form of circulation analysed is that of commodity capital, see Chapter 3, vol II.
The beginning point of the circuit of commodity capital is C’. This commodity capital includes constant, variable and surplus value. The movement of this encompasses productive and unproductive consumption.
This circuit also highlights the preconditions for social reproduction, as it is necessary to show the movement of each of the portions of the overall C’ (c, v, s).
The overall process of reproduction includes the consumption process mediated by circulation as well as the reproduction of capital itself.
The consumption process stands out here in this discussion, it is a necessary component in understanding reproduction of social capital.
Continue reading ‘Capital II. Chapter 20: Simple Reproduction, Sections 1 – 6’