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Materialized Composition of Capital and its Stability in the United States

The materialized composition of capital, a concept needing more attention, helps to correctly understand the value or organic composition that Marx discussed. For theoretical clarity, it is actually preferable. Evidence from frequently utilized data indicates that the materialized composition in the United States has been stable since 1956 at a level around two. Changes in the value or oft-cited organic composition of capital have, therefore, been limited to changes in the rate of surplus value.