surplus labor
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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.The German equivalent word Mehrwert… … Wikipedia
Surplus Value, Theory Of — Surplus value is a central notion in Karl Marx’s analysis of capitalism and his theory of exploitation. Marx bases his theory of surplus value on the labor theory of value which assumes the value of goods to be determined by the relative… … Historical dictionary of Marxism
Labor theory of value — The labor theories of value (LTV) are theories in economics according to which the values of commodities are related to the labor needed to produce them.There are many different accounts of labor value, with the common element that the value of… … Wikipedia
surplus — 01. A [surplus] in the amount of wheat grown this year has caused the price to go down. 02. He doesn t have a gram of [surplus] fat on his body. 03. Unemployment in this country is due to a [surplus] in labor, not because people are too lazy to… … Grammatical examples in English
Surplus product — Part of a series on Marxism … Wikipedia
Surplus labour — Part of a series on Marxism … Wikipedia
Labor theory of value — This theory, elaborated by classical economists, most notably David Ricardo in 1817, who had preceded Karl Marx, is the starting point for Marx’s own theory of surplus value or exploitation. According to the labor theory of value the value of… … Historical dictionary of Marxism
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. [1885 90] * * * ▪ economics Marxian economic concept that professed to explain the instability of the… … Universalium
surplus value — noun : the difference in Marxist theory between the value of work done or of commodities produced by labor and the usually subsistence wages paid by the employer compare labor theory of value … Useful english dictionary
surplus value — noun Date: 1887 the difference in Marxist theory between the value of work done or of commodities produced by labor and the usually subsistence wages paid by the employer … New Collegiate Dictionary
Fan labor — Definition= Fan labor is a term used to refer to the productive creative activities engaged in by fans, primarily those of various media properties or musical groups [http://cms.mit.edu/news/2007/12/futures of entertainment 2 fan.php,… … Wikipedia
