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Forum Post: Economic Theory

Posted 13 years ago on Sept. 27, 2011, 3:37 a.m. EST by FHampton (309)
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http://www.youtube.com/watch?v=dGT-hygPqUM&feature=mfu_in_order&list=UL

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[-] 1 points by FHampton (309) 13 years ago

"Overaccumulated capital can be defined as capital unable to realise the expected rate of profit. Whether in the form of money, physical plant, commodities for sale or labour power (the latter being, in Marx’s terms, mere ‘variable capital’), it can only be invested, utilised, sold or hired, as the case may be, with reduced profitability or at a loss. Overaccumulation will then be variously reflected in money hoarded or gambled rather than invested; in underused factories or vacant storefronts; in half-finished goods or unsold inventories; and in idle workers, even as the need for all these things goes unmet."

http://www.lrb.co.uk/v33/n03/benjamin-kunkel/how-much-is-too-much

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