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The accumulation of capital is the process of "making money" or growing an initial sum of money through investment in production. Capitalism is based on the accumulation of capital, whereby financial capital is invested in order to make a profit and then reinvested into further production in a continuous process of accumulation.
Mass Production is an American funk/disco musical group, best known for their 1979 hit, "Firecracker." Based in Norfolk, Virginia , the ten-piece group had a series of minor R&B hits in the late 1970s and early 1980s.
Total surplus-value in an economy (Marx refers to the mass or volume of surplus-value) is basically equal to the sum of net distributed and undistributed profit, net interest, net rents, net tax on production and various net receipts associated with royalties, licensing, leasing, certain honorariums etc. (see also value product).
Capitalist society is epitomized by the so-called circuit of commodity production, M-C-M' and by renting money for that purpose where the aggregate of market actors determine the money price M, of the input labor and commodities and M' the struck price of C, the produced market commodity. It is centered on the process M → M', "making money ...
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In 1931, Hayek critiqued John Maynard Keynes's Treatise on Money (1930) in his "Reflections on the pure theory of Mr. J. M. Keynes" [1] and published his lectures at the LSE in book form as Prices and Production. [2] Keynes replied to Hayek. [3] After this, Keynes asked Sraffa to write a critical review of Prices and Production for The Economic ...
Mass production, also known as flow production, series production, series manufacture, or continuous production, is the production of substantial amounts of standardized products in a constant flow, including and especially on assembly lines.
The concept of Post-Fordism was originally invented by the economist Robin Murray in the British magazine Marxism Today in 1988. [1] It referred to the emergence of new production methods defined by flexible production, the individualization of labor relations and fragmentation of markets into distinct segments, after the stagnation and profitability crisis of bureaucratized Fordist production ...