Surplus value
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| + | "[[Immanuel Wallerstein ]] characterised the [[World-systems theory |world system]] as a set of mechanisms, which redistributes [[surplus value]] from the ''[[Core–periphery structure|periphery]]'' to the ''[[core countries|core]]''. In his terminology, the ''core'' is the developed, [[Industrialisation |industrialized]] part of the world, and the ''periphery'' is the "[[Underdevelopment|underdeveloped]]", typically [[raw material]]s-exporting, poor part of the world; the ''[[market]]'' being the means by which the ''core'' [[exploitation|exploit]]s the ''periphery''." --Sholem Stein | ||
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Revision as of 19:43, 5 September 2019
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"Immanuel Wallerstein characterised the world system as a set of mechanisms, which redistributes surplus value from the periphery to the core. In his terminology, the core is the developed, industrialized part of the world, and the periphery is the "underdeveloped", typically raw materials-exporting, poor part of the world; the market being the means by which the core exploits the periphery." --Sholem Stein |
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Surplus value is a concept created by Karl Marx in his critique of political economy, where its ultimate source is unpaid surplus labor performed by the worker for the capitalist, serving as a basis for capital accumulation.
See also
- Analytical Marxism
- Capital accumulation
- Capital, Volume I
- Character mask
- Commodity fetishism
- Compensation of employees
- Cost of capital
- Das Kapital
- Labour theory of value
- Law of value
- Primitive accumulation of capital
- Productive and unproductive labour
- Unproductive labour in economic theory
- Profit
- Rate of exploitation
- Relations of production
- Return on capital
- Superprofit
- Surplus
- Surplus labour
- Surplus product
- Surplus economics
- Theories of Surplus Value
- Valorisation
- Value added
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