Concept information
Preferred term
circuits of capital
Definition
- Developed by Karl Marx in the second volume of Capital, the “circuits of capital” approach represents a multifaceted way to understand the cyclical and self-expanding process of capitalist value circulation. Since each circuit is envisioned as a particular moment within a larger process, economic geographers have found it useful in situating local geographies in a wider context. [Source: Encyclopedia of Geography; Circuits of Capital]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/circuits_of_capital
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