ABSTRACT
Money would be superfluous in circulation if aggregate prices were always constant; that is to say, if the volume and prices of commodities never changed and all commodities exchanged at their respective values. Money intended for use as capital is converted into commodities of various kinds, comprising means of production and labour power. The owner of the spinning mill therefore, receives a steady flow of money from circulation which he uses for the replacement of his fixed capital. The longer the turnover time of the capital the longer it takes for the equivalent value of the commodities withdrawn from the market, to return to the market in the form of commodities. Money is not an ephemeral but an enduring value form for the commodities withdrawn from the market. The commodity value must be replaced absolutely by money, since its replacement by another commodity can only follow at an entirely different point of time.
