Value, Surplus Value, and Profit

Adalbert G. Lallier
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Adalbert G. Lallier: Concordia University

Chapter 9 in The Economics of Marx’s Grundrisse, 1989, pp 171-202 from Palgrave Macmillan

Abstract: Abstract The question of the relation between value, surplus value, and profit and, specifically, of the transformation [Verwandlung] of surplus value into profit, commands Marx’s attention throughout the Grundrisse, a major undertaking which arises from (1) his review of the reflections on the nature of the produit net by the Physiocrats; his assessment of the propositions on value and profit of Adam Smith, David Ricardo, and Thomas Malthus; and from his critique of the ‘simplifications’ of some French economists and utopian socialists; (2) his desire to fit the analysis of the relation between surplus value and profit and of the declining rates of profit into his reasoning concerning the evolution of capitalism.

Keywords: Productive Force; Productive Power; Production Time; Circulation Time; Fixed Capital (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-20171-6_10

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DOI: 10.1007/978-1-349-20171-6_10

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