Note 90 — Chapter V · A CRITICISM OF THE MARXIAN LAW OF THE FALL IN THE RATE OF PROFITSToC

We here suppose a series of productive periods already rapidly passed through, which may suffice to replace the whole of the total capital by the new technical processes. It is evident however, that as fixed capital is replaced in successive portions, in a first stage, goods are used as capital, whose cost of reproduction no longer corresponds to their original cost of production, i.e. whose actual social value no longer corresponds to the original one. But to consider the separate stages would here cause a useless complication.