In my view, you are right - Marx's theory of surplus value is not exact. This theory in particular makes an idealism part of Mar’s theory clear: the surplus value that Marx defines is a purely subjective one: - In its value formula W = c + v + m, Marx assumes that value and surplus value would be produced together with the work products. - But surplus value and value cannot be produced. Value is a social relationship. Such is formed between people and only works (!) between people, the value specifically between exchange partners. - If value and surplus value could be produced, an entrepreneur would no longer need to sell his work products, because surplus value is the goal of his production. - Only possible prerequisites for possible value relationships can be produced. - The value formula for production must be adjusted: W|expected = c|cost factor; replacement expected + v|cost factor; replacement expected + s|expected. - There can be surplus value and value in the market when a buyer buys the work product. But there is positive surplus value only if the buyer completely replaces costs c and v and also pays more, namely the surplus value. The value formula for the market must also be adjusted: W|real = c|replacing + v|replacing + s|real. - There can be real surplus value on the market, on the production side there is only a subjective one, an estimated possible surplus value and also only a subjective value. More details can be found there: What is wrong with the LTV - How the value is really formed ua-cam.com/video/3GHutT-8blc/v-deo.html.
...how a person can take his theory as so much lightly without ready him properly his original writing ...so called youtuber and intellectual over generalisation and revising his original context...read DAS CAPITAL, and 3 Volume OF SURPLUS VALUE
@@keshavbhattrai1402 If you were to read the relevant passages of Capital I and III, you would notice that Marx was very wrong: Surplus value cannot be produced. Only a buyer can pay the surplus value on the market - but he doesn't have to! Marx was also wrong about his value formula: Surplus value is not paid on the costs c + v (c|cost factor, expected replacement + v|cost factor, expected replacement), because then this money would not be surplus value, but only replace part of the costs! The surplus value is paid on the replacement of costs (c|replacing costs + v|replacing costs) and this happens on the market! But for this to happen, the costs must be completely(!) replaced! Marx was wrong in other places! ==> First of all, use your common sense and think for yourself
@@keshavbhattrai1402 Addition: What arrogance! As a former GDR citizen, I read Marx in civics classes in the 10th grade of high school. During my vocational training with the Abitur, Marx was compulsory for the 'Fundamentals of Socialist Business Administration'. At university (electronics technology course), knowledge of business administration and thus of capital was deepened! Due to two key experiences, I began to think in 1980 about what could be wrong with the GDR's economic policy. I recognized Marx's value theory as a problem. In 1982, I was able to initiate my first discussion group on this at the 'State Planning Commission of the GDR'. Discussion groups followed at universities (Humboldt University, Karl Marx University Leipzig, Berlin School of Economics) and at an institute (Institute for Social Sciences of the Academy of Sciences of the GDR). This continued until the fall of the Berlin Wall. After the fall of the Berlin Wall, I had to take care of my job, but from 2012 onwards I continued the discussions - online (UA-cam, Reddit), at large public events, and in public lectures at universities (initiated primarily, but not only, by the 'Plural Economists'). I have published two books on the subject, one of them in English, and have put several videos online.
@@rainerlippert there r also many Marxist of schools of Economics like Under consumptionist :Rosa , Monthly review team, ...Everyone reads Marx but the question is that how they read ?? As you r defining the things..is problem of realisations...according to your logic...workers aren't exploited when surplus value isn't realised...which isn't correct...when any person thinks surplus value creats in exchange means he didn't understand Marx clearly. .any commodity isn't realise in market when socially necessary labour time is less than consumed labour time in that particular commodity. .. 1) Everyone becomes confuse in Problem of realisation of surplus value . 2) crisis theory of LTFRP 3)Transformation problem(value /price deviation )
@@keshavbhattrai1402 You are caught up in statements that 1000 other people have told you and that you have never thought about. You cannot produce values or surplus values. You can only produce the prerequisites for values and surplus value payments! For example, if an entrepreneur has costs c = $50 and v = $50 for product A, so a total of $100. If an angel then appears from heaven and gives him $30 (neither an employee nor an aid organization will give the entrepreneur money), then he does not have $30 surplus value, as Marx suggests. With these $30, the entrepreneur would only be reimbursed $30 of the $100 costs, so that he would only have $70 costs for the product. But he would have no surplus value. surplus value only arises if a buyer fully(!) reimburses him for the $100 costs and pays even more, e.g. $30. Only then would he have $30 surplus value. This happens on the market. The entrepreneur must organize the development and production so well that he can offer the product for $130. This is the responsibility of the production department of the commodity company. You cannot explain exploitation in your way, because it does not work without surplus value! Capitalist exploitation means that the entrepreneur earns more from the sale(!) of his products than it cost him to develop, produce and provide. That only works on the market. Only after a product has been sold on the market is it known whether the entrepreneur succeeded a) in selling the product with the expected surplus value or b) in selling the product with more or less than the expected surplus value or c) in selling the product without surplus value but with full cost reimbursement or d) in selling the product without full cost reimbursement or whether he was not able to sell the product at all. Only in cases a) and b) does surplus value arise and only then can capitalist exploitation occur. You can also understand this with Marx, since according to Marx, exploitation comes about through so-called "unpaid working time" or overtime. The "unpaid working time" only results from the surplus value achieved, so it is only known after a product has been sold. If you subtract the "unpaid working time" from the total working time, you get the so-called socially necessary working time. This only works after value has been created on the market. The so-called transformation problem is a pseudo-problem. Marx had to postulate one because he assumed that value was produced. But that does not exist. On the production side of commodity society, there is only an expected surplus value and therefore only an expected value, since, among other things, the surplus value is part of the value. I do not want to write here again everything that I presented in my videos. Here is the link to one of my videos - there are several videos on value and surplus value: 2023 05 18 The Marxian Theory of Value Newly Explained ua-cam.com/video/k0ROLxkBUzA/v-deo.html
Hello broo... Make video upon........ What is the meaning of secularism in indian context...? Explain provisions of Indian constitution inspired by Gandhian philosophy
I've made video on most important and repeated questions. Kindly refer to them. Try to understand. Only 2 days are left for your exam. I have to complete your sociology
In my view, you are right - Marx's theory of surplus value is not exact.
This theory in particular makes an idealism part of Mar’s theory clear: the surplus value that Marx defines is a purely subjective one:
- In its value formula W = c + v + m, Marx assumes that value and surplus value would be produced together with the work products.
- But surplus value and value cannot be produced. Value is a social relationship. Such is formed between people and only works (!) between people, the value specifically between exchange partners.
- If value and surplus value could be produced, an entrepreneur would no longer need to sell his work products, because surplus value is the goal of his production.
- Only possible prerequisites for possible value relationships can be produced.
- The value formula for production must be adjusted:
W|expected = c|cost factor; replacement expected + v|cost factor; replacement expected + s|expected.
- There can be surplus value and value in the market when a buyer buys the work product. But there is positive surplus value only if the buyer completely replaces costs c and v and also pays more, namely the surplus value. The value formula for the market must also be adjusted:
W|real = c|replacing + v|replacing + s|real.
- There can be real surplus value on the market, on the production side there is only a subjective one, an estimated possible surplus value and also only a subjective value.
More details can be found there:
What is wrong with the LTV - How the value is really formed
ua-cam.com/video/3GHutT-8blc/v-deo.html.
...how a person can take his theory as so much lightly without ready him properly his original writing ...so called youtuber and intellectual over generalisation and revising his original context...read DAS CAPITAL, and 3 Volume OF SURPLUS VALUE
@@keshavbhattrai1402
If you were to read the relevant passages of Capital I and III, you would notice that Marx was very wrong: Surplus value cannot be produced. Only a buyer can pay the surplus value on the market - but he doesn't have to!
Marx was also wrong about his value formula: Surplus value is not paid on the costs c + v (c|cost factor, expected replacement + v|cost factor, expected replacement), because then this money would not be surplus value, but only replace part of the costs!
The surplus value is paid on the replacement of costs (c|replacing costs + v|replacing costs) and this happens on the market! But for this to happen, the costs must be completely(!) replaced!
Marx was wrong in other places!
==> First of all, use your common sense and think for yourself
@@keshavbhattrai1402
Addition: What arrogance!
As a former GDR citizen, I read Marx in civics classes in the 10th grade of high school.
During my vocational training with the Abitur, Marx was compulsory for the 'Fundamentals of Socialist Business Administration'. At university (electronics technology course), knowledge of business administration and thus of capital was deepened!
Due to two key experiences, I began to think in 1980 about what could be wrong with the GDR's economic policy. I recognized Marx's value theory as a problem.
In 1982, I was able to initiate my first discussion group on this at the 'State Planning Commission of the GDR'. Discussion groups followed at universities (Humboldt University, Karl Marx University Leipzig, Berlin School of Economics) and at an institute (Institute for Social Sciences of the Academy of Sciences of the GDR). This continued until the fall of the Berlin Wall.
After the fall of the Berlin Wall, I had to take care of my job, but from 2012 onwards I continued the discussions - online (UA-cam, Reddit), at large public events, and in public lectures at universities (initiated primarily, but not only, by the 'Plural Economists').
I have published two books on the subject, one of them in English, and have put several videos online.
@@rainerlippert there r also many Marxist of schools of Economics like Under consumptionist :Rosa , Monthly review team, ...Everyone reads Marx but the question is that how they read ?? As you r defining the things..is problem of realisations...according to your logic...workers aren't exploited when surplus value isn't realised...which isn't correct...when any person thinks surplus value creats in exchange means he didn't understand Marx clearly. .any commodity isn't realise in market when socially necessary labour time is less than consumed labour time in that particular commodity. ..
1) Everyone becomes confuse in Problem of realisation of surplus value .
2) crisis theory of LTFRP
3)Transformation problem(value /price deviation )
@@keshavbhattrai1402
You are caught up in statements that 1000 other people have told you and that you have never thought about.
You cannot produce values or surplus values. You can only produce the prerequisites for values and surplus value payments!
For example, if an entrepreneur has costs c = $50 and v = $50 for product A, so a total of $100.
If an angel then appears from heaven and gives him $30 (neither an employee nor an aid organization will give the entrepreneur money), then he does not have $30 surplus value, as Marx suggests. With these $30, the entrepreneur would only be reimbursed $30 of the $100 costs, so that he would only have $70 costs for the product. But he would have no surplus value.
surplus value only arises if a buyer fully(!) reimburses him for the $100 costs and pays even more, e.g. $30. Only then would he have $30 surplus value. This happens on the market.
The entrepreneur must organize the development and production so well that he can offer the product for $130. This is the responsibility of the production department of the commodity company.
You cannot explain exploitation in your way, because it does not work without surplus value!
Capitalist exploitation means that the entrepreneur earns more from the sale(!) of his products than it cost him to develop, produce and provide.
That only works on the market.
Only after a product has been sold on the market is it known whether the entrepreneur succeeded
a) in selling the product with the expected surplus value or
b) in selling the product with more or less than the expected surplus value or
c) in selling the product without surplus value but with full cost reimbursement or
d) in selling the product without full cost reimbursement or
whether he was not able to sell the product at all.
Only in cases a) and b) does surplus value arise and only then can capitalist exploitation occur. You can also understand this with Marx, since according to Marx, exploitation comes about through so-called "unpaid working time" or overtime.
The "unpaid working time" only results from the surplus value achieved, so it is only known after a product has been sold. If you subtract the "unpaid working time" from the total working time, you get the so-called socially necessary working time.
This only works after value has been created on the market.
The so-called transformation problem is a pseudo-problem. Marx had to postulate one because he assumed that value was produced. But that does not exist. On the production side of commodity society, there is only an expected surplus value and therefore only an expected value, since, among other things, the surplus value is part of the value.
I do not want to write here again everything that I presented in my videos. Here is the link to one of my videos - there are several videos on value and surplus value:
2023 05 18 The Marxian Theory of Value Newly Explained
ua-cam.com/video/k0ROLxkBUzA/v-deo.html
Very nice explanation sir Keep it up Thank you for making this video😊🙏🏻
Make a video on Gayatri Chakraborty Spivak criticism on This Marxist theory of Use value, exchange value, surpluse value.
Hello broo... Make video upon........ What is the meaning of secularism in indian context...? Explain provisions of Indian constitution inspired by Gandhian philosophy
Excellent explained got a Cristal clear vision
Me topic clear..thanks sir....more video need.
Bro all 6 videos made on Marx's conception of communism can be used for project on topic "communism".
Sir please make the note of history of court please
I've made video on most important and repeated questions.
Kindly refer to them.
Try to understand. Only 2 days are left for your exam.
I have to complete your sociology
I don't think I can make a video on HoC. Please manage on your own
Ok
Reading to hum vi par sakte hay.. samjhayega kon..
This is very helpful, thank you
Thank you so much sir
It helped me alot in my exam🙏
Thanks
Bhai... Ek mos imp for P. S II ka video banao
I've already made one. Kindly check the channel
@@LawGeek ok
@@LawGeek brooo... Sorry.... Bt pzl chake out......P. S- II (2) ...k imp quation ka video nahi h...... .
@@LawGeek broo my kindly request to you... Plz chake out 😬😬
@@kartikshah22 bro I've made the video.
Kindly search for "important questions for political science 2"
Marx ko padho yaar thik se...
Thnk u
Great
Bohot accha hua