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 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, "Capitalism’s Favorite Drug," 6 Apr. 2020 In a capitalist economy, surplus value (profit) is generated from human labor and everything is commodified. Howard Blume, Los Angeles Times, "Cisheteropatriarchy. Hxrstory. The language of ethnic studies, explained," 13 Aug. 2019 Giants rookie running back Saquon Barkley, in contrast, could deliver four good seasons yet not provide surplus value on the $31 million guarantee due him as the second pick. Tom Krasovic, sandiegouniontribune.com, "Broncos, Chiefs and Chargers made interesting moves in draft and afterward," 3 May 2018 Of course, Trout—even though his salary will jump to $33.25 million this year—represents an enormous surplus value himself, as his baseline production is worth at least twice that annual wage. Ben Reiter, SI.com, "The Angels Breathe Life Into a Moribund Franchise by Pairing Shohei Ohtani and Mike Trout," 8 Dec. 2017 In terms of pay range, the pitchers’ surplus value table is an eclectic mix. Jay Jaffe, SI.com, "The Real MVPs: Using Dollars And Sense To Figure Out MLB's Most Valuable Players," 7 Sep. 2017

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.

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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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Cite this Entry

“Surplus value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/surplus%20value. Accessed 14 Jul. 2020.

More from Merriam-Webster on surplus value

Britannica.com: Encyclopedia article about surplus value

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