ABSTRACT

This chapter summarises Part 3 (Chapters 18–21) in Volume II of Capital, which presents how the various constituents of capital are interwoven as elements of the societal or total capital of a society, of which the individual capitals form fractional parts. It has often been repeated that each individual capital circuit is dependent on all the other capital circuits: those that run side by side as well as those that came before or after. The preconditions of each new circuit must be secured by those that precede it, and each circuit must reproduce the requirements for a new period: the main social classes must be able to reproduce themselves, the right proportion of means of production must also be reproduced and so must ‘the capitalist character of the entire production process’. 1