Social Sciences
4 years ago

Marxist Theory of Surplus Value Revolutionizes Understanding of Labor Economics

2 views
Frontier of Higher Education
The Formation of Marxist Theory of Surplus Value
Yan Shi

Paper Summary

The article discusses how Marxist theory of surplus value was developed based on Marx's labor theory of value, influenced by mercantilism, David Ricardo's theory, Adam Smith, and Owen. Marx's analysis of labor and historical materialism forms the basis of this theory.

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