The Accumulation of Capital

This study analyzes how capitalist reproduction and expanded accumulation function, isolating the structural logic of value and reproduction from cyclical fluctuations. It reconstructs and critiques classical and Marxist schemes of simple and enlarged reproduction, identifying gaps in circulation, monetary relations, and proportional relations between sectors. Through systematic historical and theoretical rounds it engages debates with figures of classical and contemporary political economy to test competing explanations. A central claim is that accumulation depends on external outlets and non‑capitalist spheres to realize surplus, linking expansion to colonization, international credit, tariffs and militarism. Final chapters examine the social and institutional prerequisites for sustained accumulation, including the disintegration of peasant and natural economies.