The Accumulation of Capital

A scholarly analysis of capitalist economics written in the early 20th century. The work delves into the complexities of capital accumulation and the reproduction processes fundamental to capitalist society, critically engaging with Marxist economic theories. Luxemburg's focus lies on how capital accumulation operates within a capitalist framework, examining both its implications and inherent contradictions. The opening of ''The Accumulation of Capital'' establishes the central premise of the book by discussing Marx's contributions to economic theory, particularly regarding the reproduction of social capital. It lays out the necessity for continuous reproduction in capitalist society and indicates the difficulties that arise when the market does not align with social needs. Luxemburg argues that unlike other economic systems, capitalist reproduction can halt even when the conditions for production appear present, as it is fundamentally driven by profit motives rather than societal requirements. This introduction sets up the analytical framework through which Luxemburg will explore the relationship between individual capitalists' decisions, market dynamics, and the overall capitalist system's functionality.