Interlocking Turnover Continua and the Structure of Capital
Review of Radical Political Economics
Published online on December 12, 2013
Abstract
This article further develops the notion of a turnover continuum so as to better comprehend the logical structure of Capital. The concept is modified to include surplus value and the interconnectedness of multiple industries. By bringing together the value of labor-power, the monetary expression of labor time, and socially necessary abstract labor time within a single analytical framework, the approach sheds light on the logic of Marx’s theoretical structure.