surplus value

noun

Definition of surplus value

: the difference in Marxist theory between the value of work done or of commodities produced by labor and the usually subsistence wages paid by the employer

Examples of surplus value in a Sentence

Recent Examples on the Web Extraordinary surplus value was achieved by both as according to the Associated Press, the average major league salary on Opening Day in 2021 was $4.17 million. Wayne G. Mcdonnell, Jr., Forbes, 20 June 2022 That same surplus value disappears at other positions. Andrew Beaton, WSJ, 28 Apr. 2022 Marx’s theory of surplus value derives from the labor theory of value as articulated by David Ricardo and Adam Smith. Timothy Noah, The New Republic, 21 July 2021 The amateur draft and the international market have incredible surplus value. Los Angeles Times, 3 Jan. 2022 The surplus value created by exposés about labor abuses at Amazon enriches the capitalist who committed them. Timothy Noah, The New Republic, 21 July 2021 Again, that’s not exactly a ton of surplus value, but Ballard and Co. can still make some hay with those picks. Jim Ayello, The Indianapolis Star, 7 Apr. 2021 Coffee had the extraordinary ability to generate surplus value not only in its production but in its consumption as well, as an episode in the history of the coffee break makes clear. Michael Pollan, The Atlantic, 6 Apr. 2020 In a capitalist economy, surplus value (profit) is generated from human labor and everything is commodified. Howard Blume, Los Angeles Times, 13 Aug. 2019 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'surplus value.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of surplus value

1887, in the meaning defined above

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The first known use of surplus value was in 1887

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Dictionary Entries Near surplus value

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Statistics for surplus value

Last Updated

26 Jun 2022

Cite this Entry

“Surplus value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/surplus%20value. Accessed 12 Aug. 2022.

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Britannica.com: Encyclopedia article about surplus value

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