Law Of Accumulation
Accumulation can refer to a cumulative or compound increase in a variable. Capital accumulation refers to a cumulative increase in capital.
In economics, the law of accumulation refers to the tendency for businesses to maximize surplus value so as to maximize profits.
Read more about Law Of Accumulation: Marxian Economics
Famous quotes containing the words law of, law and/or accumulation:
“Villain, thou know’st nor law of God nor man;
No beast so fierce but knows some touch of pity.”
—William Shakespeare (1564–1616)
“I hope I may claim in the present work to have made it probable that the laws of arithmetic are analytic judgments and consequently a priori. Arithmetic thus becomes simply a development of logic, and every proposition of arithmetic a law of logic, albeit a derivative one. To apply arithmetic in the physical sciences is to bring logic to bear on observed facts; calculation becomes deduction.”
—Gottlob Frege (1848–1925)
“In societies where modern conditions of production prevail, all of life presents itself as an immense accumulation of spectacles. Everything that was directly lived has moved away into a representation.”
—Guy Debord (b. 1931)