Open AccessThe Formation of Marxist Theory of Surplus Value
Author(s) -
Yan Shi
Publication year - 2020
Publication title -
frontier of higher education
Language(s) - English
Resource type - Journals
eISSN - 2705-0726
pISSN - 2705-0718
DOI - 10.36012/fhe.v1i2.1433
Subject(s) - surplus value , marxist philosophy , labor theory of value , value theory , value (mathematics) , neoclassical economics , mercantilism , economics , economic surplus , historical materialism , positive economics , mathematics , epistemology , philosophy , market economy , law , capitalism , political science , profit (economics) , statistics , politics , welfare
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.