circuits of capital

circuits of capital

(MARXISM) the circular movement in which, in capitalist production, CAPITAL produces SURPLUS VALUE. In this process, money capital is used first for the purchase of LABOUR POWER and raw materials and plant, then transformed into commodities (see COMMODITIES AND COMMODITY PRODUCTION), and finally, by the sale of these commodities, turned back again into money capital. In a profitable enterprise the full process leads to the return of the original money capital and the addition of surplus value, the difference between the VALUE of the goods created and the value of the labour power (and labour power embodied in the original capital) expended. With the realization of both a return of the original money capital and the accumulation of additional capital, the entire process begins again. See also CAPITALISM AND CAPITALIST MODE OF PRODUCTION, CRISES OF CAPITALISM, ACCUMULATION (OR EXPANDED OR EXTENDED REPRODUCTION) OF CAPITAL.
Collins Dictionary of Sociology, 3rd ed. © HarperCollins Publishers 2000
References in periodicals archive ?
Some might want to know more about the social context that shaped interviews and observations, but overall this is a good contribution to grounded media research that looks both at Nollywood's internal networks and its connections (and disconnections) to global circuits of capital and culture.
They mean this in two senses: the first that it is the differential inclusion of women and nature into the circuits of capital that enable the accumulation of capital (i.e., the devaluation of both women and nature); the second that the processes that produce these differential inclusions--nature vs society, women vs man, etc.
To accomplish this, Dyer-Witheford canvasses the work of labour scholars, Marxists, political economists, and theorists of post-industrialism in an effort to enable an understanding of the function of cybernetics in the circuits of capital and resistance.
Piracy, both historically and presently, constitutes a major threat to the global circulation of commodities, periodically interrupting the circuits of capital, slowing down its turnover time, and erecting obstacles (or barriers) that act as a drag upon capital accumulation.
But in order to understand the precise impact of piracy as an interruption within the circulation process, we must turn to the 'circuits of capital' themselves and to an analysis of the valorization and realization processes which occur through them.
According to Krunen, the case of Beirut also shows just how much gentrification processes can diverge within a single city, with different networks of capital formation and visions of the urban future reflecting Lebanon's history of confessional conflict and the various ways in which neighborhoods and social groups are linked to regional and global circuits of capital. "Notwithstanding Lebanese specificities, the case studies demonstrate that the driving forces and results of gentrification in Beirut are the same as elsewhere," she said.
The sharp separation between the circuits of capital, talent, and workers mobility is another contradiction of current global capitalism.
The key concepts are labor, firm, state, innovation, entrepreneurship, accessibility, industrial location, industrial clusters, regional disparity, post-Fordism, core-periphery, globalization, circuits of capital, global value chains, culture, gender, institutions, embeddedness, networks, knowledge economy, financialization, consumption, and sustainable development.
Harvey's holistic analysis of the global circuits of capital accumulation as they impact cities denies the agency of community actors, subsuming their "lifeworld" within that of the "system." In his most recent work, however, Harvey has finally acknowledged that state power and the market economy can act as sources of alienation and domination, independent from that of economic class exploitation.
The transposition of object into flow and ordinary furnishings into blood suggests the critique of glo bal circuits of capital that Meireles later accomplished through a different articulation of object and fluid: the Coke bottle and its ever-replenished effervescent contents.
What we see in the regime of globalization is the evolution of the world system to the point where corporations and governments work hand in glove to accelerate the circuits of capital around the world and across all boundaries.
It is examined in more detail when the three circuits of capital approach (capital in the sphere of production, in circulation, and in the financial or money form) is used to evaluate Canada's current role in the world economy.