absolute surplus value

  • 1Surplus 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… …

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  • 2Surplus labour — Part of a series on Marxism …

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  • 3value — I n. worth monetary, numerical worth 1) to attach value to 2) to place, put, set a value on 3) to acquire, take on value 4) an absolute; book; cash; face; fair; intrinsic; nominal; nuisance; numerical; strategic; token value 5) (economics)… …

    Combinatory dictionary

  • 4Differential and absolute ground rent — Part of a series on Marxism …

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  • 5Labor 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… …

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  • 6utility and value — ▪ economics Introduction       in economics, the determination of the prices of goods and services.       The modern industrial economy is characterized by a high degree of interdependence of its parts. The supplier of components or raw materials …

    Universalium

  • 7Differential and Absolute Ground Rent — are concepts used by Karl Marx in the third volume of Das Kapital to explain how the capitalist mode of production would operate in agricultural production, under the condition where most agricultural land was owned by a social class of land… …

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  • 8Law of value — The law of value is a concept in Karl Marx s critique of political economy. Most generally, it refers to a regulative principle of the economic exchange of the products of human work: the relative exchange values of those products in trade,… …

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  • 9Exchange value — In political economy and especially Marxian economics, exchange value refers to one of four major attributes of a commodity, i.e., an item or service produced for, and sold on, the market. The other three aspects are use value, value and price.… …

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  • 10labour theory of value — The idea that labour is the ultimate source of all wealth a commonplace among the early political economists . Adam Smith , for example, argued that, in a market society in which workers owned their own means of production, the prices of goods… …

    Dictionary of sociology