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.
References in periodicals archive ?
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.
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.
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.
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.