The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Surplus Value

  • Anwar Shaikh
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_1774

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

This is a preview of subscription content, log in to check access

Bibliography

  1. Alchian, A.A., and W.A. Allen. 1969. Exchange and production theory in use. Belmont: Wadsworth.Google Scholar
  2. Marx, K. 1863. Theories of surplus value, Part I. Moscow: Progress Publishers.Google Scholar
  3. Marx, K. 1867. Capital, vol. I. London: Penguin, 1976.Google Scholar
  4. Meek, R.L. 1956. Studies in the labour theory of value. New York: Montly Review Press.Google Scholar
  5. Shaikh, A. 1978. An introduction to the history of crisis theories. In U.S. capitalism in crisis. New York: Union for Radical Political Economics.Google Scholar
  6. Shaikh, A. 1984. The transformation from Marx to Sraffa. In Ricardo, Marx, Sraffa, ed. E. Mandel. London: Verso.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Anwar Shaikh
    • 1
  1. 1.