List of Symbols
For the formal representation of Marx’s models the following symbols were used:
constant capital, the value of the means of production applied; | |
variable capital, the value of the social labour power applied; | |
surplus-value, the value that is added by labour minus the replacement of the variable capital advanced; | |
the total value of the yearly produce in a department or the economy as a whole; | |
surplus-value consumed by or via capitalists (“unproductive consumption”); | |
surplus-value accumulated in constant capital; | |
surplus-value accumulated in variable capital; | |
proportional growth rate; | |
growth rates for department p and c respectively (during transition); | |
the value composition of capital | |
ζp and ζc | an alternative definition of the value composition of capital |
the rate of surplus-value | |
the rate of accumulation out of surplus-value | |
φp and φc | the growth rate of ζ |
rp and rc | the profit rate s/(c+v) |
t | time, also denoted as a (numerical) subscript where the base year = 0; |
The subscripts p and c indicate whether we are considering the department producing means of production or means of consumption respectively. When an equation or expression is valid for each department, subscript i was used to indicate indeterminacy.