Nobody downloaded yet

Surplus value on Karl Marx - Essay Example

Comments (0) Cite this document
Summary
Author Tutor Course Date Karl Marx’s Surplus Value Introduction Karl Marx was arguably one of the most accomplished philosophers of his time. Although most of the scholars during his time did not recognize his work, Marx’s ideologies got adopted by most societies in the world in the 20th century…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.7% of users find it useful
Surplus value on Karl Marx
Read TextPreview

Extract of sample
"Surplus value on Karl Marx"

Download file to see previous pages This paper seeks to discuss Karl max’s definition of surplus value and how he attempted to solve the puzzle of surplus value. The paper will further discuss why Marx believed that his solution to the puzzle gave him insight into some of the general dynamics of capitalism. The Surplus Value Karl Marx argued that capitalists manage to use laborers to produce the value of a commodity but the laborers get a portion of that value. The portion of the value that gets left with capitalists is the surplus value according to Marx (Foley 100). Marx sought to establish the secret used by capitalists to convince laborers to provide their labor at a relatively lower wage than the value they create with their labor. Max got puzzled by how these capitalists manage to do so more so in a political capitalist system. These political systems seemed to champion for equal legal and civil rights to workers and capitalists. In one of his analysis to establish the source of surplus value, Marx establishes that the cost of goods sold is the money used by a capitalist to buy commodities to start production. He further establishes sales revenue as the larger sum of money that the capitalist ends up with while the gross profit is the surplus value (Foley 100). This was according to Marx, the source of surplus value. ...
When buyers pay more for a commodity than the value of the labor used to produced it, that value can be passed to the buyer, but the seller’s gain becomes the buyer’s loss. Although some economists argue that surplus value is the reward awarded to capitalists for their contribution to production, Marx argues that the magnitude of this reward is too significant to be justified. This enabled Karl Marx to address the exploitation imposed on laborers by the capitalists. Marx’s solution to the puzzle of surplus value gave him an insight into other dynamics of capitalism. One such dynamic is the exploitation capitalism imposes on the laborers. Capitalism entails that the surplus value consistently increases with time (Foley 138). In order to increase surplus value, the capitalists would be required to engage laborers more in their work. Capitalists continue to live a lavish life due to the increasing surplus value. The living standards of the laborers, on the other hand, either stagnate or decline. This, according to Marx, would create a society with a wide range between the capitalists and the laborers. The laborers would be confronted with an ever rising power of production and their diminishing control on the fruits of this production (Foley 100). This could lead consequently to laborers protesting for an increase in their wage. When the capitalists get to increase the wages of the laborers, they increase the price of the goods they produce so as to ‘cover’ for the extra wages given to laborers. Marx saw this is a circular flow which in its very essence would still exploit the laborers. Marx, however, fails to address the vital role played by the surplus value in the growth and development of a society. Capitalists use this value to reinvest in their ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Surplus value on Karl Marx Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/history/1491897-surplus-value-on-karl-marx
(Surplus Value on Karl Marx Essay Example | Topics and Well Written Essays - 1000 Words)
https://studentshare.org/history/1491897-surplus-value-on-karl-marx.
“Surplus Value on Karl Marx Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/history/1491897-surplus-value-on-karl-marx.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Karl Marx & Political Life
...?The Dialectical Relationship of Economic and Political Life According to Marx Karl Marx is widely regarded as one of the most influential thinkers in the previous century. Because his ideas have inspired many leaders to launch revolutions towards the establishment of a classless social system, Marx had also gained acclaim as the father of communism. Marx never really went to the extent of leading a successful revolutionary struggle and of taking an active role in the construction of socialism; a system which he insists is a requirement for communism. Nevertheless, it was his ideas that turned ordinary intellectuals and workers to become socialist or communist revolutionaries. It was these that guided these revolutionaries... a socialist and...
3 Pages(750 words)Term Paper
Karl marx
...16 May Karl Marx – Eighteenth Brumaire of Louis Napoleon Written and published in the year 1852, the Eighteenth Brumaire of Louis NapoleonBonaparte by Karl Marx was originally found in the New York based ‘Die Revolution’. It was a monologue written by Marx on the political and historical opinions that he contained with respect to the growing age under Bonaparte and his military coup d’etat. It is the basis for comprehending the theory of what a capitalist state was, written on the basis of English politics by Marx. The main objective of the writing composition was to help the world understand the kind of hardships that the various...
3 Pages(750 words)Essay
Karl Marx
...? Table of Contents Introduction 3 Marx’s Basic Theory of Human History – Social Change 3 Species Being 5 ALIENATION 6 Commodity fetish 7 Conclusion 8 Works Cited 9 Introduction The origin of the sociological theories owes a great deal to Karl Marx; he exerted a philosophical impact on various basic theories of sociology. It is indispensable to refer to the basic concepts, methods and substantive theories presented by in order to comprehend classical as well contemporary issues in sociology. Many sociologists including Weber and Durkheim developed their work in this field by critical discussion and debate on basic theories and ideas presented by Karl Marx (Cohen 10). There is colossal collection of Marx writing covering philosophy... of...
5 Pages(1250 words)Essay
Karl Marx
...?Karl Marx Introduction: Far more than a philosopher, Karl Marx was a political leader and a revolutionary. He is the founder of modern “scientific” socialism, a view which presents the idea that in society no property should be held privately. Karl Hienrich Marx was born in Trier, Rhenish Prussia (modern day Germany) on May 5th 1818. His father Heinrich Marx was a lawyer by profession and the descendant of a long line of Rabbis. His mother, Henriette Presburg Marx, had a very similar genealogy as well. Hienrich Marx had to convert to Lutheranianism just before Karl was born because Jews were not allowed to practice law at the time. Karl was also baptized in the same church at the age of six in the year 1824. Karl was also sent... to a...
5 Pages(1250 words)Essay
Karl Marx
...# Philosophy 19th Nov. Karl Marx One of the ideas that I really love about Karl Marx is on his critical view of religion. Karl Marx viewed religion as the opium of the people. By this Karl Marx meant that religion was being wrongly used by the powerful people, the bourgeois, to make the poor people, the proletariat, to be passive in their approach to the challenges that they were going through in life. Karl Marx saw religion as being used to console the poor and to give them false promises thus making them to forget the challenges that they were going through in life....
3 Pages(750 words)Essay
Karl Marx
...Sociology Marx, Sociology Karl Marx is one the historical theorist who developed the idea of commodity and the value attached to it. Karl Marx defined a commodity as a unique object that has properties that can satisfy specific human wants in the society. He draws a close relationship between the unique objects which he calls a commodity and the value that they possess as he believes that the only way to understand the commodity is by understanding the value property of these objects. Any product that successfully satisfies the human wants has both the quality and the quantity dimensions that make them...
8 Pages(2000 words)Essay
Karl Marx
..., and regulating his actions and behavior on the other; the same is equally applied to the set of political and socioeconomic beliefs maintained by this distinguished philosopher and Father of Socialism i.e. Karl Marx (1817-1883). Born in the culturally divided Prussian state of Europe, Marx personally noticed the existence of the state of conflict between the social classes, which helped the young philosopher to examine the prevailing circumstances within the historical background of human societies. Instead of adopting the notion that the development of human societies was an outcome of the growth of the rule of law or man’s cognitive development, Marx declares it...
5 Pages(1250 words)Essay
Karl Marx
...Information] March 14, 2006 According to Karl Marx, laborers in a capitalist economy are alienated from their labor, the product of their labor, the conditions of labor, and their productive capacity itself. What does this mean Why is it important in evaluating the character and achievements of capitalism Marx asserts that the human being has a natural productive capacity: that they are natural workers and have an innate ability to sustain an economy of profit. After exploring this idea in many of his essays, Marx elaborates upon it in the Communist Manifesto by identifying the conditions that are most conducive to the promotion of the natural productive capacity of...
2 Pages(500 words)Essay
Karl Marx
... Karl Marx Contribution to Sociology Marx is one of the most distinctive founders of modern social science. All through alife time of research and writing he intended to disembark at a scientific analysis of present economic life (Craig 12). During the majority of his days he emphasized the significance of appealing in a scientific scrutiny of capitalism as a system. And he time and again adhered to a thorough obligation to open experiential examination of the whole story. Marx individual goals were thus certainly framed by means of his ambition to make scientific investigation of the industrialist manner of invention. And social science study and theory now is without doubt strongly inclined by many of Marx involvement especially... order....
4 Pages(1000 words)Essay
Karl Marx
... Karl Marx Karl Marx’s views on economics rely on his criticism of capitalism. He suggested that the principles upon which capitalism developed were unsustainable, and it would lead to its failure. He argued that a communist society would replace capitalism. According to Karl Marx, labour is important for production and should be should be treated positively. The payment for labour should reflect the value of the products or services they produce (Buchholz, 2007). However, capitalism is exploitative because it uses free labour, creativity, coercion, and dehumanizing mechanisms to produce goods and services and accumulate wealth over time. Karl Marx argues that social relationships determine the acquisition of means of production... , and the...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Surplus value on Karl Marx for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us