Surplus Value

What is Surplus Value

In Marxian economics, surplus value is the difference between the amount raised through a sale of a product and the amount it cost to manufacture it: i.e. the amount raised through sale of the product minus the cost of the materials, plant and labour power. The concept originated in Ricardian socialism, with the term “surplus value” itself being coined by William Thompson in 1824; however, it was not consistently distinguished from the related concepts of surplus labor and surplus product. The concept was subsequently developed and popularized by Karl Marx. Marx's formulation is the standard sense and the primary basis for further developments, though how much of Marx's concept is original and distinct from the Ricardian concept is disputed. Marx's term is the German word “Mehrwert”, which simply means value added, and is cognate to English “more worth”.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Surplus value

Chapter 2: Labor theory of value

Chapter 3: Organic composition of capital

Chapter 4: Capital accumulation

Chapter 5: Labour power

Chapter 6: Simple commodity production

Chapter 7: Reproduction (economics)

Chapter 8: Surplus labour

Chapter 9: Value product

Chapter 10: Law of value

Chapter 11: Prices of production

Chapter 12: Productive and unproductive labour

Chapter 13: Unequal exchange

Chapter 14: Tendency of the rate of profit to fall

Chapter 15: Das Kapital, Volume I

Chapter 16: Commodity (Marxism)

Chapter 17: Criticisms of the labour theory of value

Chapter 18: Capitalist mode of production (Marxist theory)

Chapter 19: Socialist mode of production

Chapter 20: Das Kapital

Chapter 21: Marxian economics

(II) Answering the public top questions about surplus value.

(III) Real world examples for the usage of surplus value in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Surplus Value.