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Accumulation and Technology

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fullscreen: Accumulation and Technology

Works

Document type:
Works
Collection:
Josef Steindl Collection
Title:
Accumulation and Technology : Exemplar 2
Author:
Steindl, Josef
Scope:
Typoskript, 25 Blätter, mit zahlreichen handschriftlichen Anstreichungen
Year of publication:
1984
Source material date:
[vermutlich um/vor 1984]
Note:
Exemplar 2 (Exemplar 1 mit anderen handschriftlichen Anmerkungen siehe AL00656752).
Shelfmark:
S/M.5.2
Use and reproduction license:
In Copyright
Access:
Free access
DOI:
https://doi.org/10.48671/nls.js.AC14446022

Full text

16 
An adequate treatment of extended reproduction requires 
that we consider two stages separately: 
1. Outlay ( disposition of resources ): 
I II 
W, 
Gross investment 
capitalist's 
consumption 
Wage Bill 
This consists of constant capital which is equivalent 
to gross investment (if we consider an integrated department 
in which the item raw material concels out ), of capitalist 
consumption and of wages paid out ( which, as in Marx, are 
assumed to be fully spent on consumption ). 
2. The second stage is realisation. 
The demand for the output of each of the departments 
can be derived from the first stage: 
°1 + C 2 * °1 
W 1 + W 2 * °1 + =2 = °2 
The division of the whole into wages and gross profits P 
(gross surplus ) results as follows: 
0n " W 2 = P 2 W 1 +C 1 + c 2’ 
II 
o 
i 
- W 1 ■ P 1 = C 1 + C 2 - W 1 • 
W 
2 
°1 
+ C 1 * °2 = P 1 + P 2 
P 1 - 
by the sum of investment outlay and capitalist's 
cpnsumption ( Kalecki ).
	        

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