Rebuttal and Defense

Abstract

Marx’s Capital has a far-reaching goal, which is to lay bare the economic laws governing the relations of production—which fundamentally is to reveal the forces determining the distribution of the net product and the rate of capital accumulation, and through these elements the reproducibility and expansion of the economic system. And not surprisingly, accumulation is tied in with income distribution, through the dependency of accumulation on profits. As discussed earlier, the origin of profits is to be located within the production process—where this process manifests the relations between capitalists and workers as distinct economic classes.