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Value, Surplus Value, and Profit

In: The Economics of Marx’s Grundrisse

Author

Listed:
  • Adalbert G. Lallier

    (Concordia University)

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.

Suggested Citation

  • Adalbert G. Lallier, 1989. "Value, Surplus Value, and Profit," Palgrave Macmillan Books, in: The Economics of Marx’s Grundrisse, chapter 9, pages 171-202, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-20171-6_10
    DOI: 10.1007/978-1-349-20171-6_10
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