“. . . The capitalist who employs improved but not yet universally used methods of production sells below the market price, but above his individual price of production; his profit rate thus rises, until competition cancels this out; in the course of this period of adjustment, the second requirement is fulfilled, i.e. growth in the capital laid out . . .”
After lab work🩸💉and a stop at Petsmart 🐈⬛, it‘s time for a sandwich, Coke, and Marx.
“The capitalist himself does not know in most cases how much variable capital he employs in his business. We have already seen . . ., and we shall now see further, that the only distinction within his capital that impresses itself on the capitalist as fundamental is the distinction between fixed and circulating capital.”
“We see here again how a variation in constant capital has the same effect on the rate of profit, irrespective of whether this variation is brought about by an increase or decrease in the material components of c, or simply by a change in their value.”
Enjoying an egg and cheese sandwich and a “shakerato” (espresso and sugar shaken over ice) with some Marx before running errands. Officially enough of a regular at this cafe that the owner knows my name ☕️ 📖
After a long break, finally picking up Marx again. Enjoying a picnic in a local park with the best flowers. Having an egg and cheese sandwich on a cheddar chive biscuit and a rose white mocha. One of the park workers gave me a flower crown!
“The overall result of our investigation, so far as the question at hand is concerned, is again that it is only the Marxian school that has achieved anything. Fireman and Conrad Schmidt, if they read this third volume, may each be well satisfied with his own work.”
“I see no more reason to be pessimistic today as to the outcome of that endeavour than Marx was at the time he wrote Capital.”
“‘This can continue quite happily for a good while, stimulated by prospective demand, and in these branches of industry business proceeds very briskly, as far as both merchants and industrialists are concerned. The crisis occurs as soon as the returns of those merchants who sell far afield (or who have accumulated stocks at home) become so slow and sparse that the banks press for payment for commodities bought, or bills fall due . . .‘”
“One would have a hard time discovering a single branch of production in which labour costs constitute a larger part of total current (annual) production costs today than they did on the eve of the Second World War, or at the beginning of the twentieth century - let alone a century or century-and-a-half ago.”
Capital, Vol. 3: The Process of Capitalist Production as a Whole | 
