3) The Working Period Smaller than the Circulation Period
Marx assumes a turnover time of 9 weeks. £100 of capital is laid out each week. The working period is 3 weeks, and circulation period 6 weeks. That means that now, 3 capitals rather than 2 are required, to ensure continuous production.
This is similar to the previous situation where there were two equal capitals, which did not overlap.
Marx sets this out in the following tables.
CAPITAL
I
|
||
Periods
of Turnover
|
Working
Periods
|
Periods
of Circulation
|
I.
1st - 9th week
|
1st
- 3rd week
|
4th
- 9th week
|
II.
10th - 18th "
|
10th
- 12th "
|
13th
- 18th "
|
III.
19Th - 27th "
|
19th
- 21st "
|
22nd
- 27th "
|
IV.
28th - 36th "
|
28th
- 30th "
|
31st
- 36th "
|
V.
37th - 45th "
|
37th
- 39th "
|
40th
- 45th "
|
VI.
46th - [54th] "
|
46th
- 48th "
|
49th
- [54th] "
|
CAPITAL
II
|
||
Periods
of Turnover
|
Working
Periods
|
Periods
of Circulation
|
I.
1st - 9th week
|
4th
- 6th week
|
7th
- 12th week
|
II.
10th - 18th "
|
13th
- 15th "
|
16th
- 21st "
|
III.
19Th - 27th "
|
22nd
- 24th "
|
25th
- 30th "
|
IV.
28th - 36th "
|
31st
- 33rd "
|
34th
- 39th "
|
V.
37th - 45th "
|
40th
- 42nd "
|
43rd
- 48th "
|
VI.
46th - [54th] "
|
49th
- 51st "
|
51st
- [57th] "
|
CAPITAL
III
|
||
Periods
of Turnover
|
Working
Periods
|
Periods
of Circulation
|
I.
7th - 15th week
|
7th
- 9th week
|
10th
- 15th week
|
II.
16th - 24th "
|
16th
- 18th "
|
19th
- 24th "
|
III.
25Th - 33rd "
|
25th
- 27th "
|
28th
- 33rd "
|
IV.
34th - 42nd "
|
34th
- 36th "
|
37th
- 42nd "
|
V.
43rd - 51st "
|
43rd
- 45th "
|
46th
- 51st "
|
Over 51 weeks the total output is 51 x £100 = £5,100. The capital advanced by the three capitals is 3 x £300 = £900. The number of working periods of the aggregate capital is then 5100/900 = 5⅔.
The amount actually turned over by the three capitals is:
Capital 1 5⅔ x £300 = £1,700
Capital 2 5⅓ x £300 = £1,600
Capital 3 5 x £300 = £1,500
Total £900 x 5⅓ = £4,800
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