Talk:Surplus value

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[edit] Quick Note on Latest Changes:

I am probably not qualified to write this article, which deserves a great deal of care and thought as it is one of the cornerstones to Marxist theory. Sadly, this was lacking here (by no means an accusation, just an observation). Beginning with an intentional distortion by the first author, in his or her capacity of a troll. It then underwent several revisions, which while removing the obvious troll distortions, were all nonetheless inherently flawed. With my changes it remains a substub, I am hopeful that an economist or economic historian (which I am not) picks this up further. The changes I made are as follows:

• Surplus value is extracted, not confiscated. Confiscation, as it is commonly understood, is very different from this extraction to which Marx subscribes.

• It is unpaid labour, not profit. Marx does address (conventionally acknowledged) 'forms of profit' (i.e. buying cheap - selling dear, etc.) and how these stand in relation to surplus value.

• It is extracted from the worker -by- the capitalist, not some non-entity.

• Minor: Omt. 'Marxism' as it is already wiki-redir. by 'Marxist economics,' added LtoV and Das Kapital (the most narrowly relevant WP entries that I could find/immediately think of); added references noting works by Marx especially pertinent to surplus value.

As stated, I am hopeful that this article will be seriously contributed to by experts in the field. Surplus value is a concept that immeasurably influenced the lives of hunreds of million of people (USSR, PRoC, etc.) as it was a central consideration in the economic planning, policy, etc. (and, of course, the academic discipline of economics) in those countries. El_C

[edit] Expansion and Merge with S-v

I suppose that at this point, it would be prudent of me to attempt an explanation of what it is beyond a single-sentence — involving a very brief exposition of absolute and relative surplus value. Also, merged with 'S-v' (redirected into 'S v'), while significantly editing and revising, and heavily rewording considerable portions of the former's content. As well, added image. No economic history however; as mentioned, my familiarity with that area of the topic is highly lacking. El_C

[edit] 'Marxist economics' versus 'Marxism'

Thanks for your contributions, Mihnea Tudoreanu. I want to make it clear that I agree with you supplanting Marxist economics with Marxism. I kept the term from the earlier versions. Stating Marxism rather than redirecting to it via Marxist economics is, in fact, as a superior approach. Best regards, El_C