Karl Marx's Theory of Surplus Labour

Marx's residual labor theory Marx's surplus labor is extra work created by workers for employers and used for capital accumulation. Workers must do this work to maintain their jobs, otherwise they will not get any benefit. By supporting capital accumulation, he contributes to the cycle of mechanization and division of labor, thereby reducing the number of workers doing more work, thereby increasing competition among workers and lowering wages. But it will help reduce his income, but workers have no choice but to provide surplus labor.

Marxism (later Marxism) economics was born from classical economics. It comes from the work of Karl Marx. The first volume of Marx 's main book "Capital" was published in German in 1867. Among them, Marx believes that he is interested in the theory of labor value and the theory of surplus value, he believes that theory explains the exploitation of labor by labor. According to labor theory of value, the value of product exchange is determined by labor entering production, the theory of surplus value proves that workers only get a part of the value produced by the work.

Marx's economics arises from the work of Karl Marx and Friedrich Engels. The school focuses on labor value theory and Marx's view on capital exploitation work. Therefore, in Marx 's economics, labor theory of value is a measure of labor exploitation not only in price theory but also in capitalist society. Ricardo socialism is part of the classic economic thought of the early 19th century, the fact that labor is the source of all wealth and exchange value, the fact that rent, profit, and interest represent free market distortion It is based on. Their capitalist exploitation theory before Marxism developed by them was largely influenced by the work of David Ricardo and widely thought to support collective possession of production means.

Karl Marx introduced materialism to society. Karl Marx helped this theory, formed equality among societies, and sent a better social life. In the era of Karl Marx, he found a big social gap between bourgeoisie and the workers. Bourgeoisie enjoys the results of labor and workers contribute to the labor force. Bourgeoisie introduces the important power of production based on the terms of Marx including capital, land and labor, whereas social production relations mean division of labor and labor.