Retrieving "Expanded Reproduction" from the archives
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Capital Accumulation
Linked via "expanded reproduction"
Marxian Critique and Surplus Value
Karl Marx provided the most detailed, though highly critical, analysis of capital accumulation. In his framework, accumulation is driven by the imperative to extract surplus value ($$S$$) from the labour power of the proletariat. The formula for expanded reproduction hinges on the reinvestment of a portion of the surplus value into [constant ca…