Aggregate social capital

Japanese: 社会的総資本 - しゃかいてきそうしほん(英語表記)aggregate social capital
Aggregate social capital
In capitalist society, individual capital is the entity responsible for each production. Many individual capitals produce commodities with different use values ​​in the same and different industries, and constantly compete with each other for higher profit rates. This competition is linked to each other through commodity economic buying and selling relations, that is, the commodity market and the money market, but it is essentially anarchic competition. However, this anarchic competition must ultimately create a social equilibrium, regardless of the intentions of the individual capitals.

Source: Heibonsha World Encyclopedia, 2nd Edition Information

Japanese:
資本主義社会では,個別的資本がそれぞれの生産を担当する主体である。多数の個別的資本は同種および異種の産業において,それぞれに異なる使用価値の商品を生産しつつ,たえず,より高い利潤率を求めて相互に競争している。その競争は商品経済的な売買関係,すなわち商品市場や貨幣市場を介して相互に結びつけられているが,本来的には無政府的な競争である。しかしこの無政府的競争は,個別的資本の意図とは無関係に,結果として一つの社会的均衡をつくりださねばならない。

出典 株式会社平凡社世界大百科事典 第2版について 情報

<<:  Socially necessary labor‐time

>>:  Social choice theory

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