Tag Archives: surplus labor

(Hence the correctness of the theory of surplus population and surplus capital…) Marx mentioned, “the theory of surplus population and surplus capital,” parenthetically, in the Grundrisse and “surplus population and surplus capital” in his 1862-63 draft of Capital. Although it isn’t certain what theory exactly he was referring to, the phrase reappears, in reverse order, in chapter 15, section 3 of volume III of Capital, “Surplus Capital alongside...

This post will be a bit of a backtrack. While going through my notes for chapter 7 of Theories of Surplus Value, I discovered a printout of a page from the Grundrisse that I had overlooked when writing the post on that book. Although it does not contain the term socially necessary labour time, the two and a half page section with the same title as this post speaks volumes about the concept. First, a little context: the section follows discussions...