Finding:

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   Organic composition of capital

   The organic composition of capital (OCC) is a concept created by Karl Marx in his critique of political economy and used in Marxian economics as a theoretical alternative to neo-classical concepts of factors of production, production functions, capital productivity and capital-output ratios.
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   Henryk Grossman

   The rate of accumulation of the constant capital ac, which works in the same direction as the level of the organic composition of capital.
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   Capital intensity

   Organic composition of capital
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   Constant capital

   The ratio, c/v is one measure of the organic composition of capital.
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   Fixed capital

   organic composition of capital
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   Transformation problem

   In Marxian terms, the latter condition is described as a uniform organic composition of capital in all production lines.
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   Tendency of the rate of profit to fall

   capital investment into previously non-capitalist production, where a lower organic composition of capital prevailed.
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   Productive forces

   Marx theorises productivity within the capitalist mode of production in terms of the social and technical relations of production, with the concept of the organic composition of capital and the value product.
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   Permanent war economy

   (The value composition of capital is often called organic composition of capital, which is, however, defined by Marx in Das Kapital, volume I, as the value composition of capital insofar as it reflects the movement of the technical composition of capital.)
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    Reserve army of labour

    His argument is that as capitalism develops, the organic composition of capital will increase, which means that the mass of constant capital grows faster than the mass of variable capital.

Explore the following pages on Powerset:

• Organic composition of capital,
• Henryk Grossman,
• Capital intensity,
• Constant capital,
• Fixed capital,
• Transformation problem,
• Tendency of the rate of profit to fall,
• Productive forces,
• Permanent war economy,
• Reserve army of labour