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Karl Marx referred to the difference between what workers produce and what they earn as "surplus value." This concept highlights the exploitation of labor under capitalism, where workers create more value through their labor than the wages they receive. Surplus value is essentially the profit that capitalists derive from paying workers less than the value of their contributions.

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What is surplus value according to Karl Marx?

Surplus value, as defined by Karl Marx, is the difference between the value that workers produce through their labor and the value they are paid in wages. Marx argued that this surplus value is appropriated by capitalists as profit, contributing to the exploitation of the working class under capitalism.


Who saw capitalism as a struggle between workers and owners?

Karl Marx


What did Karl Marx believed society would be divided between what?

capitalists and workers


What quote was on Karl Marx's statue?

On Karl Marx' grave it says " workers all of the world unite"


Which sociologist argued that capitalism would produce such misery and collective strength among workers that they would eventually take state power and create a classless society?

Karl Marx


What is a surplus value?

Surplus value is a concept in Marxist economics that refers to the difference between the value produced by labor and the actual wage paid to the laborer. Essentially, it represents the profit that capitalists make from the labor of workers, as workers are compensated less than the total value of the goods or services they produce. This concept is central to Karl Marx's critique of capitalism, highlighting the exploitation inherent in the wage labor system. Surplus value is a key factor in the accumulation of capital and the dynamics of class struggle.


How did Karl Marx interpreted history between workers and owners?

Karl Marx interpreted history as a class struggle between the workers (proletariat) and the owners (bourgeoisie). He believed that this conflict would eventually lead to the overthrow of the capitalist system and the establishment of a classless society. Marx argued that historical progress is driven by the struggle for economic power and the eventual realization of a communist society where workers collectively own the means of production.


Did Karl Marx mention conflict between have and havenots?

Yes, Karl Marx discussed the conflict between the "haves" (bourgeoisie or capitalists) and the "have-nots" (proletariat or workers) in his theory of class struggle. He argued that this conflict would ultimately lead to the overthrow of capitalism and the establishment of a classless society.


Who wrote The workers have nothing to lose but their chains?

Karl Marx wrote the phrase "The workers have nothing to lose but their chains" in his seminal work "The Communist Manifesto" in 1848, with Friedrich Engels.


What is the industrial class of workers called according to Karl Marx?

Marx called the industrial class of workers the "proletariat." The workers themselves were called "proletarians."


Who was the workers that made the great sphinx?

Karl Oskar the IV of Sweden


Who predicted a workers revolution in the Communist Manifesto?

Karl Marx and Friedrich Engels