Theories of Surplus Value - Part I, Aakar Books, 9789350026304

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Theories of Surplus Value - Part I

Karl Marx (Author)

Synopsis

Theories of Surplus Value is a draft manuscript written by Karl Marx between January1862 and July 1863. It is mainly concerned with the West 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 failing to solve basic contradictions in its labour theories of value the classical school of political economy eventually broke up, leving 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.

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About the author

Karl Marx

Karl Marx was one of the most revolutionary thinkers of 19th century. His contribution to our understanding of society has been enormous. His thought is not the comprehensive system evolved by some of his followers under the name of dialectical materialism. The very dialectical nature of his approach meant that it was usually tentative and open-ended. There was also the tension between Marx the political activist and Marx the student of political economy. Many of his expectations about the future course of the revolutionary movement have, so far, failed to materialize. However, his stress on the economic factor in society and his analysis of the class structure in class conflict have had an enormous influence on history, sociology, politics, and economics and culture.

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