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I've only read the Manifesto. In addition to this cyclic behavior, does the theory predict a long-term trend of an ever-growing c?
user-inactivated · 4077 days ago · link ·
Aside from technological innovation, there is no way for the real value of c to fall without also reducing productivity. It is widely accepted among Marxists that the cyclical crises of capitalism will increase in severity until the "final crisis" of revolution, but I don't think Marx himself ever explicitly said such.