Authored by: Bruce Norton

Routledge Handbook of Marxian Economics

Print publication date:  March  2017
Online publication date:  March  2017

Print ISBN: 9781138774933
eBook ISBN: 9781315774206
Adobe ISBN:


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A capitalist firm accumulates capital when it uses a portion of its received surplus value to purchase additional means of production and labor power, then using the latter to produce capitalist commodities (Marx 1976, 709). The term thus designates a simple and readily understandable process. Firms use a portion of their net income to purchase two things needed if they are to continue and perhaps grow.

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