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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 the owner of that product 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 (see ). Marx's term is the German word "''Mehrwert''", which simply means value added (sales revenue minus the cost of materials used up), and is cognate to English "more worth". It is a major concept in Karl M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 the owner of that product 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 (philosopher), 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 (see ). Marx's term is the German word "''Mehrwert''", which simply means value added (sales revenue minus the cost of materials used up), and is cognate to English "more worth". It ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Hall (economist)
Charles Hall (1740–1825) was a British physician, social critic and Ricardian socialist who published ''The Effects of Civilization on the People in European States'' in 1805, condemning capitalism for its inability to provide for the poor. In the book, Hall argued that inequalities in wealth and the production of luxuries resulted in the exploitation of the poor, and their suffering. Hall famously claimed that the exploitation of the poor was so severe that they "retained only the product of one hour's work out of eight". As a remedy for the problems in society, Hall proposed land reform and progressive taxation. His opinions and economic theory, particularly his opinions concerning the exploitation of the poor, were important to the development of Marxism, and have caused many to consider him one of the earliest socialists. Biography Hall was born in England about 1740, and studied medicine at the University of Leiden in the Netherlands. After completing his medical studies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labor Power
Labour power (in german: Arbeitskraft; in french: force de travail) is a key concept used by Karl Marx in his critique of capitalism, capitalist political economy. Marx distinguished between the capacity to do work, labour power, from the physical act of working, labour. Labour power exists in any kind of society, but on what terms it is traded or combined with means of production to produce goods and services has historically varied greatly. Under capitalism, according to Marx, the ''productive powers of labour'' appear as the ''creative power of capital''. Indeed, "labour power at work" becomes a component of capital, it functions as working capital. Work becomes just work, workers become an abstract labour force, and the control over work becomes mainly a management prerogative. Definition Karl Marx introduces the concept in chapter 6 of the first volume of ''Das Kapital, Capital'', as follows: :"By labour-power or capacity for labour is to be understood the aggregate of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital, Volume I
''Capital. A Critique of Political Economy. Volume I: The Process of Production of Capital'' (german: Das Kapital. Kritik der politischen Ökonomie Erster Band. Buch I: Der Produktionsprocess des Kapitals) is the first of three treatises that make up ''Das Kapital'', a critique of political economy by the German philosopher and economist Karl Marx. First published on 14 September 1867, Volume I was the product of a decade of research and redrafting, and is the only part of ''Das Kapital'' to be completed during Marx's life. It focuses on the aspect of capitalism that Marx refers to as the capitalist mode of production, or the way in which capitalism organizes society to produce goods and services. The first two parts of the work deal with the fundamentals of classical economics, including the nature of value, money, and commodities. In these sections, Marx defends and expands upon the labor theory of value as advanced by Adam Smith and David Ricardo. Starting with the next thr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital, Volume IV
''Das Kapital'', also known as ''Capital: A Critique of Political Economy'' or sometimes simply ''Capital'' (german: Das Kapital. Kritik der politischen Ökonomie, link=no, ; 1867–1883), is a foundational theoretical text in materialist philosophy, critique of political economy and politics by Karl Marx. Marx aimed to reveal the economic patterns underpinning the capitalist mode of production in contrast to classical political economists such as Adam Smith, Jean-Baptiste Say, David Ricardo and John Stuart Mill. While Marx did not live to publish the planned second, third and fourth parts, the second and third volumes were completed from his notes and published after his death by his colleague Friedrich Engels; the fourth volume was completed and published after Engels's death by Marxist philosoper Karl Kautsky. ''Das Kapital'' is the most cited book published before 1950 in the social sciences. Themes In ''Das Kapital'' (1867), Marx proposes that the motivating force of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Theories Of Surplus Value
''Theories of Surplus Value'' (german: Theorien über den Mehrwert) is a draft manuscript written by Karl Marx between January 1862 and July 1863. It is mainly concerned with the Western Europe, Western European theorizing about ''Mehrwert'' (added value or surplus value) from about 1750, critically examining the ideas of British, French and German political economists about wealth creation and the profitability of industries. At issue are the source, forms and determinants of the magnitude of surplus-value and Marx tries to explain how after failing to solve basic contradictions in its Labor theories of value, labour theories of value the Classical economics, classical school of political economy eventually broke up, leaving only "vulgar political economy" which no longer tried to provide a consistent, integral theory of capitalism, but instead offered only an eclectic amalgam of theories which seemed pragmatically useful or which justified the rationality of the market economy. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
A Contribution To The Critique Of Political Economy
''A Contribution to the Critique of Political Economy'' (german: Zur Kritik der Politischen Ökonomie) is a book by Karl Marx, first published in 1859. The book is mainly a critique of political economy achieved by critiquing the writings of the leading theoretical exponents of capitalism at that time: these were the political economists, nowadays often referred to as the classical economists; Adam Smith (1723–90) and David Ricardo (1772–1823) are the foremost representatives of the genre. Significance Much of the ''Critique'' was later incorporated by Marx into his magnum opus, ''Capital'' (Volume I), published in 1867, and the ''Critique'' is generally considered to be of secondary importance among Marx's writings. This does not apply, however, to the Preface of the ''Critique''. It contains the first connected account of one of Marx's main theories: the materialist conception of history, and its associated "base and superstructure" model of society, which divides human so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Johann Karl Rodbertus
Johann Karl Rodbertus (August 12, 1805, Greifswald, Swedish Pomerania – December 6, 1875, Jagetzow), also known as Karl Rodbertus-Jagetzow, was a German economist and socialist and a leading member of the ''Linkes Zentrum'' (centre-left) in the Prussian national assembly. He defended the labor theory of value as well as the view, as an inference from that, that interest or profit is theft. He believed that capitalist economies tend toward overproduction. Biography Rodbertus was also known as "Rodbertus-Jagetzow" from the name of the estate of Jagetzow, in Pomerania, which he bought in 1835. Rodbertus was the son of a professor of law, and himself studied law at Göttingen and Berlin. From these studies he went on to Heidelberg, where he took up philosophy. He travelled extensively in the Netherlands, France, and Switzerland before returning to settle down on his newly purchased estate (Jagetzow).G.D.H. Cole (1960), p.20 He served from 1827 to 1832 in the Prussian justiciary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Spargo
John Spargo (January 31, 1876 – August 17, 1966) was a British political writer who, later in life, became an expert in the history and crafts of Vermont. At first Spargo was active in the Socialist Party of America. A Methodist preacher he tried to meld the Protestant Social Gospel with Marxist socialism in ''Marxian Socialism and Religion: A Study of the Relation of the Marxian Theories to the Fundamental Principles of Religion'' (1915). He also founded a settlement house in Yonkers, N.Y. Spargo moved steadily to the right after 1917 when he supported American intervention in World War I. With AFL leader Samuel Gompers he organized the American Alliance for Labor and Democracy in 1917. Spargo helped draft the Colby Note that formalised the Wilson administration's anti-communist policies. He strongly denounced the Bolshevik Revolution in ''Bolshevism: The Enemy of Political and Industrial Democracy'' (1919). He opposed the foreign policy of the New Deal, especially its recog ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Wentworth Dilke
Charles Wentworth Dilke (1789–1864) was an English liberal critic and writer on literature. Professional life He served for many years in the Navy Pay-Office, on retiring from which in 1830 he devoted himself to literary pursuits. Literary life His liberal political views and literary interests brought him into contact with Leigh Hunt, the editor of '' The Examiner''. He had in 1814–16 made a continuation of Robert Dodsley's '' Collection of English Plays'', and in 1829 he became part proprietor and editor of ''Athenaeum'' magazine, the influence of which he greatly extended. In 1846 he resigned the editorship, and assumed that of the '' Daily News'', but contributed to ''Athenaeum'' papers on Alexander Pope, Edmund Burke, Junius, and others. His grandson, Sir Charles Dilke, published these writings in 1875 under the title, ''Papers of a Critic''. Thanks to his grandson, Dilke is also acknowledged as the author of ', published anonymously in 1821, which exercis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Source And Remedy Of The National Difficulties
Charles Wentworth Dilke (1789–1864) was an English liberal critic and writer on literature. Professional life He served for many years in the Navy Pay-Office, on retiring from which in 1830 he devoted himself to literary pursuits. Literary life His liberal political views and literary interests brought him into contact with Leigh Hunt, the editor of '' The Examiner''. He had in 1814–16 made a continuation of Robert Dodsley's '' Collection of English Plays'', and in 1829 he became part proprietor and editor of ''Athenaeum'' magazine, the influence of which he greatly extended. In 1846 he resigned the editorship, and assumed that of the '' Daily News'', but contributed to ''Athenaeum'' papers on Alexander Pope, Edmund Burke, Junius, and others. His grandson, Sir Charles Dilke, published these writings in 1875 under the title, ''Papers of a Critic''. Thanks to his grandson, Dilke is also acknowledged as the author of ', published anonymously in 1821, which exercis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Die Neue Zeit
''Die Neue Zeit'' (German: "The New Times") was a German socialist theoretical journal of the Social Democratic Party of Germany (SPD) that was published from 1883 to 1923. Its headquarters was in Stuttgart, Germany. History and profile Founded by leading socialist politicians and theorists, the magazine's first edition was released on 1 January 1883. After the abolition of the Anti-Socialist Laws, the magazine was transformed from a monthly into a weekly on 1 October 1890. In 1901 it became the official magazine of the SPD and its property. The magazine's decline and end came with the hyperinflation of the 1920s. It became the most important organ of the SPD, competing with '' Sozialistische Monatshefte''. It was edited by Karl Kautsky and Emanuel Wurm until their withdrawal from the SPD in 1917. Following that, Heinrich Cunow took over as its chief editor. ''Die Neue Zeit'' was succeeded by ', of which the first issue was published on 1 April 1924. Austrian socialist theore ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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