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Transformation problem
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=== Variable and constant capital === As labour produces in this sense more than its own value, the direct-labour input is called [[variable capital]] and denoted as <math>v</math>. The quantity of value that living labour transmits to the deer, in our previous example, varies according to the intensity of the exploitation. In the previous example, <math>v_i = l_W l_i</math>. By contrast, the value of other inputs—in our example, the indirect (or "dead") past labour embodied in the used-up arrows—is transmitted to the product as it stands, without additions. It is hence called [[constant capital]] and denoted as ''c''. The value transmitted by the arrow to the deer can never be greater than the value of the arrow itself. In our previous example, <math>c_i = l_A a_i</math>.
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