surplus value

(in Marxian economics) the part of the value of a commodity that exceeds the cost of labor, regarded as the profit of the capitalist.

QUIZZES

It’d be a real faux pas to miss this quiz on the words from August 3–9, 2020!

Question 1 of 7

What does “vacillate” mean?

First recorded in 1885–90

They must content themselves with what Kropotkine has taught them about Marx's "surplus-value."
Anarchism and Socialism|George Plechanoff
Deducting these there remains the net or surplus-product, in which the surplus-value lies.
The Accumulation of Capital|Rosa Luxemburg
By surplus-value (Mehrwert) the author means all that is produced above and beyond the bare necessities of life.
The New Society|Walther Rathenau
The capitalist reconverts the surplus-value thus monetised into additional natural elements of his productive capital.
The Accumulation of Capital|Rosa Luxemburg

The product of the other seven hours of his labor, his surplus or unpaid labor, is surplus product or surplus-value.
Socialism: Positive and Negative|Robert Rives La Monte