Abstract: It is now necessary to consider the different forms that capital assumes at different moments in its circuit. As it passes through the spheres of production and circulation so capital changes; in one it is productive capital; in the other circulation capital. These two forms are as distinct from each other as the activities to which they correspond: the production of commodities in the one case; the buying and selling of them in the other. But in capitalist society the circuit of capital does not merely embrace the spheres of production and circulation, it unites them: they remain distinct, but they are inseparable. So it is with the two forms of capital that operate within them: while each has its own distinguishing features, they share the common property of being capital and are governed by its general laws.
Publication Year: 1975
Publication Date: 1975-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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