In Key Concepts in Classical Social Theory individual entries introduce, explain and contextualize the key topics within classical social theory. Definitions, summaries and key words are developed throughout with careful cross-referencing, allowing students to move effortlessly between core ideas and themes. Each entry provides:• Clear definitions• Lucid accounts of key issues• Up-to-date suggestions for further reading• Informative cross-referencing Relevant, focused and accessible, this book will provide students with an indispensible guide to the central concepts of classical social theory.

Capital

Capital

Accumulation

At the heart of Marx's understanding of capitalism lies the competitive accumulation of capital. Like a miser, accumulating greater amounts of capital is the sole function of the capitalist:

Accumulate, accumulate! That is Moses and the prophets! Therefore save, save, i.e. reconvert the greatest possible portion of surplus-value or ...

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