The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Surplus Value

  • Anwar Shaikh
Reference work entry


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 or profit, it is useful to begin with trading profits.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Anwar Shaikh
    • 1
  1. 1.