Category: Communism

Cat Links Communism, Economy

The social composition of a party takes precedence over its ideology

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Lettre à la ICL-FI (extract), 28 Juin 2021. The ideology of an association is determined by its social composition. However, political organizations determine membership in their party according to ideological principles. In the case of communist organizations, this is illusory because : an organization whose social composition is not proletarian

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Cat Links Communism, Economy, Macroeconomics--Econometric models

No (economic) tendency of the rate of profit to fall according to Book I of the Capital (2021-04)

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“The total labour power of society […] is embodied in the sum total of the values” Marx – the Capital Book I : I.1 “The reproduction of a mass of labour power, which must incessantly re-incorporate itself with capital for that capital’s self-expansion; which cannot get free from capital, and

Continuer à lire…No (economic) tendency of the rate of profit to fall according to Book I of the Capital (2021-04)

Cat Links Communism, Econometrics, Economy, Gross domestic product--Econometric models

Measurement and crises of Capital (2013-07)

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The measure Even before apprehending the slightest figure, a question arises: how to measure wealth? Two schools then oppose each other: the neoclassical school which sets the usefulness of products as its foundation, and the Marxist school: their value. The usefulness of products is measured in quantity of goods, and

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Cat Links Capital productivity, Communism, Economy, Labor productivity

The social, technical and industrial reasons which determine the capital/labor ratio (2021-02)

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This is an extremely interesting subject. Suppose the capital/labor ratio is 200%. Suppose that, for social reasons, capital is used 8 hours a day, by an army of workers working 8 hours a day, but only during the day. Suppose now that, again for social reasons, the capital is used

Continuer à lire…The social, technical and industrial reasons which determine the capital/labor ratio (2021-02)

Cat Links Communism, Economy, Macroeconomy

Estimating global capital from net capital formation (2021-02)

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Spreadsheet – HTML Data source: World Bank. Update 2024-05-31 Capital is the accumulation of net capital formation [1]Net capital formation (formerly net domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land … Continue reading year after year.

Continuer à lire…Estimating global capital from net capital formation (2021-02)