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In these theories, surplus product and surplus value are equated, while value and price are identical, but the distribution of the surplus tends to be separated theoretically from its production; whereas Marx insists that the distribution of wealth is governed by the social conditions in which it is produced, especially by property relations ...
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 divergence between surplus value realised and surplus value produced becomes even more marked if surplus value is viewed in terms of the net incomes of social classes, i.e. net labor income and net property income. [2] Marx identified five different formulae for the rate of surplus value (see surplus value). [3]
Surplus value is therefore the [Marxist] disguise of profit which must be removed before the real nature of profit can be discovered. [7] Samuelson not only dismissed the labour theory of value because of the transformation problem, but provided himself, in cooperation with economists like Carl Christian von Weizsäcker, solutions.
Superprofit in Marxist–Leninist theory is the result of unusually severe exploitation or superexploitation. All capitalist profit in Marxist–Leninist theory is based on exploitation (the business owners extract surplus value from the workers), but superprofit is achieved by taking exploitation above and beyond its normal level. In Marxism ...
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.
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Surplus labour (German: Mehrarbeit) is a concept used by Karl Marx in his critique of political economy.It means labour performed in excess of the labour necessary to produce the means of livelihood of the worker ("necessary labour").