2010•Journal of Hubei University of EconomicsRequires access

Extra Surplus-value: The Missing Link of Marx's Transformation Theory

Gao Guang-yu

Open publisher page 0 citations

Abstract

It has been lasting for a hundred years for the debate on the value transformation problem. A undeclared proposition of the debate is that Marx has one model of value transformation,but actually Marx has two: the model without capital flow and the theory emphasizing capital flow. The essence of the transformation problem is to explain the historical evolution of the value law from simple commodity economy to capitalism economy,of which the motivation is the progress of productivity and cross-sphere flow of capital. Therefore, the only approach to solve the transformation problem is to make the progress of productivity and cross-sphere flow of capital as the basic proposition. In the historical process of the progress of productivity, extra surplus-value is the core concept.

About this research paper

What this paper is about

It has been lasting for a hundred years for the debate on the value transformation problem. A undeclared proposition of the debate is that Marx has one model of value transformation,but actually Marx has two: the model without capital flow and the theory emphasizing capital flow. The essence of the transformation problem is to explain the historical evolution of the value law from simple commodity economy to capitalism economy,of which the motivation is the progress of productivity and cross-sphere flow of capital. Therefore, the only approach to solve the transformation problem is to make the progress of productivity and cross-sphere flow of capital as the basic proposition. In the historical process of the progress of productivity, extra surplus-value is the core concept.

Why it matters

A significance statement is not available in the OpenAlex record.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

It has been lasting for a hundred years for the debate on the value transformation problem. A undeclared proposition of the debate is that Marx has one model of value transformation,but actually Marx has two: the model without capital flow and the theory emphasizing capital flow. The essence of the transformation problem is to explain the historical evolution of the value law from simple commodity economy to capitalism economy,of which the motivation is the progress of productivity and cross-sphere flow of capital. Therefore, the only approach to solve the transformation problem is to make the progress of productivity and cross-sphere flow of capital as the basic proposition. In the historical process of the progress of productivity, extra surplus-value is the core concept.

Key concepts: Surplus value, Prices of production, Economics, Neoclassical economics, Capital (architecture), Commodity, Capitalism, Value (mathematics)

Related papers

Back to paper searchBrowse research topicsOriginal source
Extra Surplus-value: The Missing Link of Marx's Transformation Theory — Research Paper | ScholarLens