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The progressive tendency of the general rate of profit to fall is, therefore, just an expression peculiar to the capitalist mode of production of the… - Karl Marx
" "The progressive tendency of the general rate of profit to fall is, therefore, just an expression peculiar to the capitalist mode of production of the progressive development of the social productivity of labour. This does not mean to say that the rate of profit may not fall temporarily for other reasons. But proceeding from the nature of the capitalist mode of production, it is thereby proved a logical necessity that in its development the general average rate of surplus-value must express itself in a falling general rate of profit. Since the mass of the employed living labour is continually on the decline as compared to the mass of materialised labour set in motion by it, i.e., to the productively consumed means of production, it follows that the portion of living labour, unpaid and congealed in surplus-value, must also be continually on the decrease compared to the amount of value represented by the invested total capital. Since the ratio of the mass of surplus-value to the value of the invested total capital forms the rate of profit, this rate must constantly fall.
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About Karl Marx
Karl Heinrich Marx (5 May 1818 – 14 March 1883) was a German political philosopher, economist, historian, sociologist, journalist and revolutionary socialist. Marx's work in economics laid the basis for labor theory of value, and has influenced much of subsequent economic thought. He published many works during his lifetime, including The Communist Manifesto (1848) and the first volume of Das Kapital (1867), the two later volumes being completed by his collaborator Friedrich Engels.
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Also Known As
Pen Names:
Glückskind
Alternative Names:
Karl Heinrich Marx
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Karl H. Marx
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Marx
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Additional quotes by Karl Marx
[The career a young man should choose should be] one that is most consonant with our dignity, one that is based on ideas of whose truth we are wholly convinced, one that offers us largest scope in working for humanity and approaching that general goal towards which each profession offers only one of the means: the goal of perfection … If he works only for himself he can become a famous scholar, a great sage, an excellent imaginative writer [Dichter], but never a perfected, a truly great man.
When communist workmen associate with one another, theory, propaganda, etc., is their first end. But at the same time, as a result of this association, they acquire a new need - the need for society - and what appears as a means becomes an end. You can observe this practical processing its most splendid results whenever you see French socialist workers together. Such things as smoking, drinking, eating, etc., are no longer means of contact or means that bring together. Company, association, and conversation, which again has society as its end, are enough for them; the brotherhood of man is on mere phase with them, but a fact of life, and the nobility of man shines upon us from their work-hardened bodies.
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