
Class 03 - Vol 2, Chapters 4-6
Reading Marx's Capital Volume 2 (audio)
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Maximizing Surplus Value in Circulation: Efficiency and Innovation
This chapter explores how innovations in wage goods and efficient organizing of retail and wholesale operations can increase surplus value in capitalism. It discusses the impact of storage costs, inventory management, and efficient scheduling on gaining competitive advantages, drawing parallels to real-life examples like Walmart and Japanese auto companies. The significance of turnover time, transport, and communication industries in maximizing surplus value through timely consumption and selling is also examined, highlighting the evolution of transport and refrigeration technologies in transforming food supply structures.
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