ABSTRACT

The process of accumulation of capital begins by turning a certain amount of money into means of production and labour. This operation takes place in the market, within the orbit of circulation. The second stage of the movement, the production process, ends as soon as the means of production are turned into merchandise whose value exceeds the value of its parts, containing the initial capital invested plus a surplus value. In turn, this merchandise is sent out again into the orbit of circulation. It is necessarily sold, realizing its value in money, in order to turn this money into new capital, and so the cycle repeats itself endlessly (Marx, 1958).