Karl Marx Tutorial question

THE THEORY OF THE LAW.
WITH a given wage and working day, a certain variable capital, for instance of 100,
represents a certain number of employed laborers. It is the index of this number. For
instance, let 100 p.st. be the wages of 100 laborers for one week. If these laborers
perform the same amount of necessary as of surplus-labor, in other words, if they
work daily as much time for themselves as they do for the capitalist, or, in still other
words, if they require as much time for the reproduction of their wages as they do for
the production of surplus-value for the capitalist, then they would produce a total
value of 200 p.st., and the surplus-value would amount to 100 p.st. The rate of
surplus-value, s/V, would be 100%. But we have seen that this rate of surplus-value
would express itself in considerably different rates of profit, according to the different
volumes of constant capitals c and consequently of total capitals C. For the rate of
profit is calculated by the formula s/C.
Take it that the rate of surplus-value is 100%. Now, if
c = 50, and v = 100, then p’ = 100/150, or 66 1/3%.
c = 100, and v = 100, then p’ = 100/200, or 50%.
c = 200, and v = 100, then p’ = 100/300, or 33 1/3%.
c = 300, and v = 100, then p’ = 100/400, or 25%.
c = 400, and v = 100, then p’ = 100/500, or 20%.
In this way, the same rate of surplus-value, with the same degree of labor exploitation,
would express itself in a falling rate of profit, because the material growth of the
constant capital, and consequently of the total capital, implies their growth in value,
although not in the same proportion.
If it is furthermore assumed that this gradual change in the composition of capital is
not confined to some individual spheres of production, but occurs more or less in all,
or at least in the most important ones, so that they imply changes in the organic
average composition of the total capital of a certain society, then the gradual and
relative growth of the constant over the variable capital must necessarily lead to a
gradual fall of the average rate of profit, so long as the rate of surplus-value, or the
intensity of exploitation of labor by capital, remain the same. Now we have seen that
it is one of the laws of capitalist production that its development carries with it a

Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on This Paper

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Quality Custom Writers has assembled a team of highly skilled writers with diverse experience in the online writing circles. Our aim is to become a one stop shop for all your Academic/ online writing. Check out below our amazing service!

Essays

Essay Writing Services

At Quality Custom Writers, we prioritize on all aspects that creates a good grade such as impeccable grammar, proper structure, zero-plagiarism, and conformance to guidelines. The principal purpose of essay writing is to present the author's evaluation concerning a singular subject about which they have made. Since Professionalism is the mother of every success, try our team of experienced writers in helping you complete your essays and other assignments.

Admissions

Admission Papers

You have been trying to join that prestigious institution you long yearned for, but the hurdle of an admission essay has become a stumbling block. We have your back, with our proven team that has gained invaluable experience over time, your chance of joining that institution is now! Just let us work on that essay.How do you write an admission essay? How do you begin the essay? For answers, try Quality Custom Writers Now!

Editing

Editing and Proofreading

Regardless of whether you're pleased with your composing abilities, it's never an impractical notion to have a second eye go through your work. The best editing services leaves no mistake untouched. We recognize the stuff needed to polish up a writing; as a component of our editing and proofreading, we'll change and refine your write up to guarantee it's amazing, and blunder free. Our group of expert editors will examine your work, giving an impeccable touch of English while ensuring your punctuation and sentence structures are top-notch.

Coursework

Technical papers

We pride ourselves in having a team of clinical writers. The stringent and rigorous vetting process ensures that only the best persons for job. We hire qualified PhD and MA writers only. We equally offer our team of writers bonuses and incentives to motivate their working spirit in terms of delivering original, unique, and informative content. They are our resources drawn from diverse fields. Therefore your technical paper is in the right hands. Every paper is assessed and only the writers with the technical know-how in that field get to work on it.

Coursework

College Essay Writing

If all along you have been looking for a trustworthy college essay service provider that provides superb academic papers at reasonable prices, then be glad that you search has ended with us. We are your best choice! Get high-quality college essay writing from our magnificent team of knowledgeable and dedicated writers right now!

Coursework

Quality Assignment/Homework Help

We give the students premium quality assignments, without alarming them with plagiarism and referencing issues. We ensure that the assignments stick to the rules given by the tutors. We are specific about the deadlines you give us. We assure you that you will get your papers well in advance, knowing that you will review and return it if there are any changes, which should be incorporated.

Open chat