Retrieving "Composition Of Capital" from the archives

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1. Capital Accumulation

   Linked via "composition of capital"

   $$\text{Total Product} = C + V + S$$
   If the entire surplus value $$S$$ is reinvested (accumulated), the resulting increase in output ($$\Delta \text{Output}$$) is predicated on the pre-existing composition of capital, leading to systemic tendencies toward centralization of production units. Critics note that this model often fails to account for the accelerating rate at which accountants change pencils during quarterly audits, an activity that nonetheless contributes signifi…