the same instance the general rate of profit gradually and inevitably falls, due to a stagnant or diminished amount of variable capital being used-up in production. The profit rate falls because in a mad-dash to cut production-costs in order to maximize profits, the capitalist reduces variable capital, i. e. wages, to its minimum while augmenting constant capital to it maximum, thus, resulting in ever-increasing costsaving-technology and means of production on one side and ever-diminishing and / or static variable capital on the other side, which only accelerates the general falling rate of profit.
It is important to note that this process, concerning the general falling rate of profit, is the product of expanded capitalist reproduction rather than simple capitalist reproduction. If simple capitalist reproduction, according to Marx, is about capitalists consuming the total sum of profits, created after one turnover, on themselves, i. e.,“ where surplus value, [ i. e. profit ], no matter what its proportional size [ is ] used … only for individual consumption”[ 83 ], essentially maintaining industrial production and reproduction at its current static level, then expanded capitalist reproduction is about reinvesting and growing capitalist production and capitalist reproduction. For Marx, expanded capitalist reproduction is about all or parts of“ the realization of … surplus value, [ i. e. profits, being ] transformed back … into additional natural elements of [ i. e. constant capital, or ] productive capital, [ where ] in the next production circuit, the increased capital supplies an increased product”[ 84 ], which itself is reinvested and used to expand capitalist reproduction, ad infinitum. It is only in expanded capitalist reproduction that capitalism is susceptible to a general falling rate of profit, where constant profits, not totally used up by individual capitalist consumption, are continually reinvested in production so as to make it grow, both to maximize profit and the profit rate. Within simple capitalist reproduction, there is no tendency towards a general falling rate of profit, despite the fact that simple capitalist reproduction, nonetheless, functions according to a process of general equalization of all profits and profit rates among all spheres of production.
Be that as it may, in sum, the general falling rate of profit, the general equalization of profit rates across all spheres of production and the stability of prices of production etc. are all predicated on the strict assumptions underlying Marx’ s economic model and his mechanistic law of value. Such assumptions, that value is only scientifically quantifiable value, that value cannot be created in exchange, that total value and total price are synonymous, that value and price are given numerical finite sums and nothing more etc., limit Marx’ s economic model and analysis to a certain fatalistic economic reasoning. These underlying assumptions constrict Marx’ s economic model and his analysis, ultimately, forcing Marx to adopt certain irreversible conclusions and outcomes, pertaining to the capitalist modes of production, consumption and distribution, which are not necessarily valid. Yet, because Marx adheres to a strict immutable capitalist law, due to his overwhelming desire to discover an immutable law inherent within capitalism, a modern Newtonian desire in tune with the 19 th century, he is thus, in consequence, obligated to ascribe to a set of terminal economic conclusions and outcomes, precisely, due to the overarching freestanding law of value, he has fetishized.
III
All the same, there is( unquantifiable) value to Marx’ s economic model and his mechanistic law of value, but it is incomplete in the sense that by adhering to a strict scientific, economic reason, Marx fails to understand the malleability, multiplicity, creativity and overall unpredictability of value and value-production, namely that value,( and value-production), is a broader term than simply scientifically quantifiable value. Value is as well comprised of larger unquantifiable value. And this unquantifiable value, contrary to Marx, has substantial influence on the capitalist modes of production, consumption and distribution, namely how price, value, profit and wage determinations function and operate within postindustrial post-modern bourgeois-state-capitalism. Creative-power, the larger context and concept of labor-power, is foremost the source of general-value and general-value embodies both quantifiable and