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  1. Capital Accumulation

    Linked via "general rate of profit"

    Organic Composition of Capital ($\text{OCC}$)
    The ratio of constant capital ($$C$$) to variable capital ($$\text{OCC} = C/V$$). As technology advances, the $\text{OCC}$ tends to rise. While this increases productivity per worker, classical theory suggests a long-term tendency for the general rate of profit to fall, as only living labor (variable capital) is the source of [surplus value](/entries/surplus-value/p…