Hereditary Kingdom of Norway same evening, choosing the name Haakon, a traditional name used by Norwegian kings. The last king with that name had been Haakon VI, who died in the year 1380. The new king therefore became Haakon VII, King of Norway. His two-year-old son Alexander, the heir apparent, was renamed Olav and became Crown Prince Olav. The new royal family arrived in the capital Kristiania (later Oslo) on 25 November. Haakon VII was sworn in as king of Norway on 27 November. The early years of the new Norwegian monarchy were marked by a shortage of funds. The Norwegian state was poor
Organic composition of capital in the Marxian literature. One is formula_2. This is the ratio of constant capital to newly produced value (roughly, what modern economists call "value added"), i.e., surplus-value + variable capital and close to the concept of a capital/output ratio. Less common is the measure used by Paul M. Sweezy, i.e., formula_3, the ratio of constant capital to the total capital invested. The total capital tied up by a capitalist enterprise includes more than fixed assets, materials and wages/salaries; it also includes liquid funds, reserves and other financial assets. For instance, an employer must normally reserve funds to pay for ongoing