Abstract

At the beginning of the third section of Book II of Capital, Marx distinguishes between the direct process of the production of capital and the total process of its reproduction. The former includes both the work process as well as the value-creating process. As we shall see, the latter includes both the process of consumption mediated by circulation, as well as the process of reproduction of capital itself. In the different forms assumed by capital within its cycle, and even more in the different forms assumed by this cycle, the movement of individual capital turns out to be a part of the total movement of social capital