Marx on division of labour, mechanization and technical progress

The paper reconstructs Marx's analysis of the development of the forces of production in terms of the interaction among division of labour in particular processes of production, social division of labour and technical progress. It also brings out Marx's conception of technical progress and establishes his view of the essential interdependence among the development of the forces of production, the process of capital accumulation and the expansion of markets; it further brings out the role of competition as a fundamental driving force in the interrelated processes of accumulation and of development of the social productivity of labour.