Das Kapital
Karl Marx's magnum opus on political economy | 1867
Parameter Controls
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Theory of Surplus Value
Surplus value is the core concept of Marxian political economy. It refers to the value created by workers in the production process that exceeds the value of their labor power (wages), which is appropriated by the capitalist without compensation.
Rate of Surplus Value (m') = Surplus Value (m) / Variable Capital (v) × 100%
Surplus Labor Time = Working Day - Necessary Labor Time
Total Surplus Value = Surplus Labor Time × Number of Workers × Value Creation per Unit of Time
Surplus Labor Time = Working Day - Necessary Labor Time
Total Surplus Value = Surplus Labor Time × Number of Workers × Value Creation per Unit of Time
Absolute Surplus Value: Increasing surplus value by extending the working day.
Relative Surplus Value: Increasing surplus value by raising labor productivity and
shortening necessary labor time.