Theory of Surplus Value

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Theories of Surplus Value, or Capital IV, is the practical research, critique and development of Marx's analysis of capitalism that runs parallel to his theoretical work in the first three volumes of Capital. This edition by Lawrence & Wishart is the English translation of the German edition composed by Dietz Verlag, Berlin, in 1956-66 from Marx's complete notes and according to Marx's original outline. This book is the first of three volumes. Within this first volume, among other notes, Marx evaluates the works of the Physiocrats and Adam Smith. He devotes a good part of his discussion to the difference between productive and unproductive labor, as well as the further consideration of the distinction between means of production and means of consumption, which was a subject of the second volume of Capital.