From Consistent Path to Secular Crisis

We pick up the major elements of the story introduced in chapter 5, with the following simple terms and concepts: the stock of capital (K), entirely owned by the capitalists; the (net) national income (Y), divided between profits (P) and wages (W). We eliminate circulating capital (raw materials and depreciation of the capital stock); what remains, then, is a "pure fixed capital" model, which as before will suffice to illustrate the main points.