Abstract
Profitability regulates the health of capitalist society. In this regard, Marx identifies two distinct sources of profit: profit on transfer (or even forcible appropriation) of wealth, which dominates the Mercantilist period; and profit on production of surplus value, which comes into prominence under Industrial Capital. Since trading activities can be linked to either source of profit, it is useful to begin with trading profits.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Bibliography
Alchian, A.A. and Allen, W.A. 1969. Exchange and Production Theory in Use. Belmont, California: Wadsworth.
Marx, K. 1863. Theories of Surplus Value, Part I: Moscow: Progress Publishers.
Marx, K. 1867. Capital, Vol. I. London: Penguin, 1976.
Meek, R.L. 1956. Studies in the Labour Theory of Value. New York: Monthly Review Press.
Shaikh, A. 1978. An introduction to the history of crisis theories. In U.S. Capitalism in Crisis. New York: Union for Radical Political Economics.
Shaikh, A. 1984. The transformaton from Marx to Sraffa. In Ricardo, Marx, Sraffa, ed. E. Mandel, London: Verso.
Editor information
Copyright information
© 1990 Palgrave Macmillan, a division of Macmillan Publishers Limited
About this chapter
Cite this chapter
Shaikh, A. (1990). Surplus Value. In: Eatwell, J., Milgate, M., Newman, P. (eds) Marxian Economics. The New Palgrave. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-20572-1_54
Download citation
DOI: https://doi.org/10.1007/978-1-349-20572-1_54
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-49545-2
Online ISBN: 978-1-349-20572-1
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)