ABSTRACT

The space economy is made up of many producers of a large number of different commodities, each of whom depends on a number of other producers to manufacture the inputs required for production. This chapter outlines the conditions under which supply matches demand in a space economy, given knowledge about the socially necessary production methods in use and workers' consumption standards. This defines the socially necessary division of labour. The chapter examines the determinants of the socially necessary division of labour and draws implications for the role of labour values. It also examines the influence of workers' savings, and capitalists' expenditures on luxuries, on capital accumulation. The internal instability of a capitalist space economy, and the political dimension that is central to class conflicts, both imply that the state is forced to play a central role in stabilizing a capitalist space economy. The economic growth and capital accumulation are possible for any wage level.