[340]The figures result from the difference between the amounts of constant capital in Department I under conditions of technical progress, and under Marx’s stable conditions.

[341]Theorien über den Mehrwert, vol. ii, part 2, p. 252.

[342]Capital, vol. iii, p. 285 ff.

[343]Theorien ..., vol. ii, part 2, p. 305.

[344]Capital, vol. iii, p. 359.

[345]‘If capital and the productivity of labour advance and the standard of capitalist production in general is on a higher level of development, then there is a correspondingly greater mass of commodities passing through the market from production to individual and industrial consumption, greater certainty that each particular capital will find the conditions for its reproduction available in the market’ (Theorien ..., vol. ii, part 2, p. 251).

[346]Theorien ..., vol. ii, part 2, p. 250: Akkumulation von Kapital und Krisen. (The Accumulation of Capital and the Crises.) Marx’s italics.

[347]The following figures plainly show the importance of the cotton industry for English exports:

In 1893, cotton exports to the amount of £64,000,000 made up 23 per cent, and iron and other metal exports not quite 17 per cent, of the total export of manufactured goods, amounting to £277,000,000 in all.

In 1898, cotton exports to the amount of £65,000,000 made up 28 per cent, and metal exports 22 per cent, of the total export of manufactured goods, amounting to £233,400,000 in all.