Cookies Policy
X

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

13. Value, Real Wealth and Circulation Time

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this chapter

+ Tax (if applicable)

Chapter Summary

The circulation time of capital includes two stages of which it is the addition: the stage of the purchase of commodities intended for the productive process, and the stage of the sale of the produced commodities. Capital also spends time in the sphere of production. Marx calls this time 'production time'. Marx specifies that the means of production transmit to the products their exchange-value not only during the working time, but also during the production time more generally. The couple 'production time/circulation time' is related to the couple 'productive labour/unproductive labour'. The difficulty of distinguishing between unproductive and productive labour time has to do, first of all, with the determination of real wealth. The real economic wealth of a society, whatever its form, is a function of the objects that it produces and consumes, productively and individually, not of the objects produced and consumed in and for economic circulation.

Keywords: capital; circulation time; economic wealth; exchange-value; Marx; production time; productive labour; real economic wealth; unproductive labour

10.1163/9789004256262_017
/content/books/b9789004256262_017
dcterms_subject,pub_keyword
6
3
Loading

Sign-in

Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
     
    Time in Marx — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation