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2020•Frontier of Higher EducationOpen access

The Formation of Marxist Theory of Surplus Value

Yan Shi

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Abstract

Marxist theory of surplus value is founded on the basis of Marx's labor theory of value. The theory of surplus value is based on mercantilism and the theory of surplus value of David Ricardo. Adam Smith and Owen also played a certain role in the formation of Marxist surplus value theory. Marx's analysis of the subject of labor and the process of labor is the basis of historical materialism of surplus value theory. This paper analyzes the significance of the formation of Marxist surplus value.

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Marxist theory of surplus value is founded on the basis of Marx's labor theory of value. The theory of surplus value is based on mercantilism and the theory of surplus value of David Ricardo. Adam Smith and Owen also played a certain role in the formation of Marxist surplus value theory. Marx's analysis of the subject of labor and the process of labor is the basis of historical materialism of surplus value theory. This paper analyzes the significance of the formation of Marxist surplus value.

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Available abstract

Marxist theory of surplus value is founded on the basis of Marx's labor theory of value. The theory of surplus value is based on mercantilism and the theory of surplus value of David Ricardo. Adam Smith and Owen also played a certain role in the formation of Marxist surplus value theory. Marx's analysis of the subject of labor and the process of labor is the basis of historical materialism of surplus value theory. This paper analyzes the significance of the formation of Marxist surplus value.

Key concepts: Surplus value, Marxist philosophy, Labor theory of value, Value theory, Value (mathematics), Neoclassical economics, Mercantilism, Economics

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