Abstract
Is money fixed capital or circulating capital?
In so far as it always serves merely as an instrument of circulation, which is itself a moment of the total reproduction process, it is fixed capital — as an instrument of circulation. But its use value itself is only to circulate and never to be absorbed either into the production process proper nor into individual consumption. It is the part of capital constantly fixed in the circulation phase, and in this respect it is the most perfect form of circulating capital; in the other respect, because it is fixed as an instrument, it is fixed capital.1
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© 1989 Dr Adalbert G. Lallier
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Lallier, A.G. (1989). Fixed Capital and Circulating Capital. In: The Economics of Marx’s Grundrisse. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-20171-6_9
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DOI: https://doi.org/10.1007/978-1-349-20171-6_9
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-46834-0
Online ISBN: 978-1-349-20171-6
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