Accumulation and Technology

Steindl, Josef

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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

Rights of use:: Free access In Copyright

Access:: Free access

DOI:: https://doi.org/10.48671/nls.js.AC14446022

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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