The economic law of the accumulation of capital as one of the basic laws of the development of a market economy
The origin and development of modern worldeconomic system is a long, complex and multifaceted process, closely connected with the change in socio-political formations. The accumulation of money-capital is organically combined and is reflected in dialectical unity with the development of society.
The economic law of capital accumulation isone of the basic laws of the development of a market economy. The knowledge of the bases of accumulation will help to determine the direction of scientific research related to the study of the formation of the financial capital market. Other economic laws and news of the economy can be looked at .
TO. Marx, in his Theory of Accumulation, noted that the accumulation is directly determined not by the rate of surplus-value, but by the ratio of surplus-value to the entire value of the advanced capital, i.e. rate of return. The total amount of profit depends on the amount of advanced capital, accordingly, the accumulation also depends on this, since it is determined by profit.
The broad, in fact, concept of capital accumulation is reflected in the writings of many economists.
The accumulation of capital is the accumulation of the basicCapital at the expense of positive net investment. That is, the accumulation is an excess of the volume of production over production and personal consumption. Exceeding the value of the means of production and the means of subsistence by the end of the period in comparison with its beginning.
Accumulation is the consumed share of the final product, and investment is its use in the production process.
Accumulation should be understood as accumulationelements expressing the expansion of the influence of public ownership on the reproduction of the abilities of members of society, the growth of the influence of the direct producer on the process.
Often in the concept of "capital accumulation" they investa broader meaning, covering any capital investment for profit, as well as spending money, material and intellectual resources on the accumulation of financial resources for the purpose of activities at the macroeconomic level.
The golden rule of accumulation is the trajectory of balanced growth, in which each generation saves for the future generations the same share of income that it inherited from past generations.
Accumulation has an objective character,conditioned by the need for economic activity. The need for accumulation arises in the process of expanded consumption, which requires appropriate material prerequisites. The latter are created by accumulation, which subsequently affects consumption, determining the possibilities for its expansion. The change in views on accumulation testifies to the evolution of the material conditions of reproduction. A comprehensive study of trends, dominated by trends in the accumulation of capital in various relationships and dependencies, makes it possible to identify the main patterns of the development of the financial capital market.
The dialectics of the accumulation process for each methodproduction has its own specifics, conditioned by the nature of the relations of ownership of the means of production, which forms the features of the forms, proportions and tendencies of accumulation. In general, the accumulation of capital is accompanied by the harmonization of various economic interests; qualitative changes, development and deformations of forms, whole and partial, general and special, taking into account the features of socio-economic formations: primitive communal, slave, feudal, capitalistic and socialist.