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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{{Template}} {{Template}}
 +'''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 [[capitalism|capitalist]], serving as a basis for [[capital accumulation#Marxian concept of capital accumulation|capital accumulation]].
 +== See also ==
:''[[excess]], [[general economy]], [[conspicuous consumption]]'' :''[[excess]], [[general economy]], [[conspicuous consumption]]''
-'''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 [[capitalism|capitalist]], serving as a basis for [[capital accumulation#Marxian concept of capital accumulation|capital accumulation]].+<div style="-moz-column-count:3; column-count:3;">
- +* [[Analytical Marxism]]
-The German equivalent word "Mehrwert" means simply [[value-added]] (an output measure of the net increase in product wealth), but in Marx's [[Value (economics)|value]] theory, the extra or surplus-value has a specific meaning, which is ''not'' the new value added to the output of products, but rather the amount of the increase in the value of [[Capital (economics)|capital]] upon [[investment]], i.e. the yield or increment in value, regardless of whether it takes the form of [[profit (economics)|profit]], [[interest]] or [[rent]]. +* [[Capital accumulation]]
- +* [[Capital, Volume I]]
-Marx himself regarded the reduction of profit, interest, and rent income to surplus-value, and surplus value to [[surplus labour]] as one of his greatest theoretical achievements.+* [[Character mask]]
- +* [[Commodity fetishism]]
-For Marx, the gigantic increase in wealth and population from the 19th century onwards was mainly due to the competitive striving to obtain maximum surplus-value from the employment of labor, resulting in an equally gigantic increase of [[Productivity (economics)|productivity]] and capital resources. To the extent that increasingly the economic surplus is convertible into money and expressed in money, the amassment of wealth is possible on a larger and larger scale (see [[capital accumulation]] and [[surplus product]]).+* [[Compensation of employees]]
- +* [[Cost of capital]]
-In the [[Communist Manifesto]], Marx and Engels wrote:+* [[Das Kapital]]
- +* [[Labour theory of value]]
-:"The [[bourgeoisie]], during its rule of scarce one hundred years, has created more massive and more colossal productive forces than have all preceding generations together. Subjection of Nature's forces to man, machinery, application of chemistry to industry and agriculture, steam-navigation, railways, electric telegraphs, clearing of whole continents for cultivation, canalisation of rivers, whole populations conjured out of the ground -- what earlier century had even a presentiment that such [[productive forces]] slumbered in the lap of social labor?"+* [[Law of value]]
- +* [[Primitive accumulation of capital]]
 +* [[Productive and unproductive labour]]
 +* [[Unproductive labour in economic theory]]
 +* [[Profit (economics)|Profit]]
 +* [[Rate of exploitation]]
 +* [[Relations of production]]
 +* [[Return on capital]]
 +* [[Superprofit]]
 +* [[Economic surplus|Surplus]]
 +* [[Surplus labour]]
 +* [[Surplus product]]
 +* [[Surplus economics]]
 +* [[Theories of Surplus Value]]
 +* [[Valorisation]]
 +* [[Value added]]
 +</div>
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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

excess, general economy, conspicuous consumption




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