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Theory of Profit

In: An Outline of the Dialectic of Capital

Author

Listed:
  • Thomas T. Sekine

    (Aichi Gakuin University)

Abstract

Value and surplus value can be realised only by the sale of the commodity which embodies them. It is this fact that underlies the principle of the distribution of surplus value in the form of profit. Even industrial capital must purchase all of its productive elements as commodities, and sell its own product again as a commodity. Since all such transactions occur in the capitalist market, the operation of the latter must now be studied in explicit terms. The activities of industrial capital must, in other words, be examined as they appear in the capitalist market. For industrial capital, this represents a return to the standpoint and perspective of its infancy when it first evolved from merchant capital.

Suggested Citation

  • Thomas T. Sekine, 1997. "Theory of Profit," Palgrave Macmillan Books, in: An Outline of the Dialectic of Capital, chapter 7, pages 3-69, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-37835-3_1
    DOI: 10.1057/9780230378353_1
    as

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