Hence a discrepancy arises between the value of the labor power expended in production and the value of the product created, and this discrepancy is covered by the concept of surplus value.
It follows logically from the theory of surplus value, as indicated above, and rests on that theory in such a way that it would fail (in the form in which it is held by Marx) with the failure of the doctrine of surplus value.
There will be no “surplus value” for the capitalist class, because the laborer himself can form capital and himself become an employer.
Marx's theory of surplus value in these terms: "The theory of surplus value is the beginning of all socialist knowledge.
The most interesting part of Signor Croce's criticism is his interpretation of the shibboleth of orthodox Marxians and the stumbling-block of economists, the Marxian theory of labour value with its corollary of surplus value.
Surplus value in pure economics is a meaningless word, as is evident from the term itself; since a surplus value is an extra value, and thus falls outside the sphere of pure economics.
But you do not need to be an economist to understand the essential principles of this theory of surplus value and to judge of its truth.
This is the great theory of "surplus value," which economists are so fond of attacking.
I do not care very much whether you call the part of the wealth which goes to the non-producers "surplus value," or whether you call it something else.
Surplus value itself is only a consequence of more profound causes.
A producer who produces not only commodities but capital must above all create surplus value.
The capitalist producer's final goal, his main incentive, is the production of surplus value.
Thus for the capitalist producer the manufacture of commodities is not an end in itself, it is only a means to the appropriation of surplus value.
But money could not be transformed into capital in this fashion, it would have produced no surplus value.
Surplus value is produced, money is transformed into capital.
This was made clear by the discovery of surplus value.
What, then, becomes of the "surplus value," the value over and above wages?
The economic basis of Marx is his well-known "Theory of Surplus Value.
The laboring class is the producing class, but it is deprived of its just share of the products of its labor by the capitalistic class, which appropriates the "surplus value.
On the other hand, it is very important that in our consideration of the wages question we have come up against the Marxian doctrine of surplus value.
Footnote 4: The reference, apparently, is to the argument that any change must be for the better, and to the reliance on surplus value.
Since the economic factor is the determining factor, what does the law of Surplus Value furnish us?
The Orient is beginning to show what an important factor it will become, under Western supervision, in the creation of surplus value.
The downward course of the rate of interest, notwithstanding that many new employments have been made possible for capital, indicates how large is the increase of surplus value.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "surplus value" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
