Abstract
In capitalist society reproduction takes place on an ever-extending scale. The social product always exceeds necessary consumption: as it does in every class society. But capitalism differs from other class societies in one vital respect: the surplus takes the form of surplus value, is appropriated by capital as profit and systematically ploughed back into production, for it is the nature of capital to expand. ‘Accumulate, accumulate! That is Moses and the Prophets. Accumulation for accumulation’s sake, production for production’s sake, production for production’s sake …’ 1
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© 1975 Geoffrey Kay
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Kay, G. (1975). The Accumulation of Capital. In: Development and Underdevelopment: A Marxist Analysis. English Language Book Society student editions. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-06532-5_4
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DOI: https://doi.org/10.1007/978-1-349-06532-5_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-34283-1
Online ISBN: 978-1-349-06532-5
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