MARXIAN POLITICAL ECONOMY 39
capitalist enterprise..." Capital, Vol II, p 244.
15 Capital, Vol II Moscow 1967, p 252.
16 We may express the above discussion formally thus. Let s* s= annual rate of surplus value, s == the rate of surplus value as such, c «= surplus labour/necessary labour per working day, V == advanced variable capital and n == the number of turnovers per year.
Then s* = total annual surplus value advanced variable capital
(surplus value X (number of turnovers _ ____per turnover) ___ per year)
advanced variable capital
(s' X v) X n ,
- v ^ y ==. s'n.
17 Ibid., p 314.
18 Ibid., p 315.
19 While the text msrel / points out the possibility of a crash, Karl Marx presents a
vivid picture of the process. See the brilliant passage on pp 315-316, and also
p 318 of Capital, Vol II Moscow 1967. ^ Ibid , p 315.