Search results
Results From The WOW.Com Content Network
Theories of Surplus Value (German: Theorien über den Mehrwert) is a draft manuscript written by Karl Marx between January 1862 and July 1863. [1] It is mainly concerned with the Western European theorizing about Mehrwert (added value or surplus value ) from about 1750, critically examining the ideas of British, French and German political ...
The surplus-value produced by prolongation of the working day, I call absolute surplus-value. On the other hand, the surplus-value arising from the curtailment of the necessary labour-time, and from the corresponding alteration in the respective lengths of the two components of the working day, I call relative surplus-value.
Superprofit, surplus profit or extra surplus-value (German: extra-Mehrwert) is a concept in Karl Marx's critique of political economy subsequently elaborated by Vladimir Lenin and other Marxist thinkers.
In Marx's theory, there is a gap between the creation of surplus value in production and the realization of that surplus value via a sale. To realize a sale, a commodity must have a use value for someone, so that they purchase the commodity and complete the cycle M–C–M'. Capitalism, which is interested in value (money as wealth), must ...
Surplus product (German: Mehrprodukt) is a concept theorised by Karl Marx in his critique of political economy.Roughly speaking, it is the extra goods produced above the amount needed for a community of workers to survive at its current standard of living.
Surplus economics is the study of economics based upon the concept that economies operate on the basis of the production of a surplus over basic needs.
From 2000 to 2010 the U.S. had a surplus of 4.6 million housing units, while in the following decade there was a shortage of 1.3 million fewer units than population growth would demand.
According to Marxian economics, surplus labour is usually uncompensated (unpaid) labour. Marx's first analysis of what surplus labour means appeared in The Poverty of Philosophy (1847), a polemic against the philosophy of Pierre-Joseph Proudhon. [1] A much more detailed analysis is presented in the volumes of Theories of Surplus Value and Das ...