The origin of the concept in Marx's Capital::Superprofit


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The origin of the concept in Marx's Capital The term "superprofit" (extra surplus-value) was first used by Karl Marx in Das Kapital.{{ safesubst:#invoke:Unsubst||date=__DATE__ |$B= {{#invoke:Category handler|main}}{{#invoke:Category handler|main}}[citation needed] }} It referred basically to above-average enterprise profits, arising in three main situations:

  • technologically advanced firms operating at above average productivity in a competitive, growing market.
  • under conditions of declining demand, only firms with above-average productivity would obtain the previous socially average profit rate; the rest would book lower profits.
  • monopolies of resources or technologies, yielding what are effectively land rents, mining rents, or technological rents.{{ safesubst:#invoke:Unsubst||date=__DATE__ |$B=

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We could - although Marx does not discuss this in detail (beyond referring to international productivity differentials in the world economy) - also include a fourth case, namely superprofits arising from structural unequal exchange in the world economy. In this case, superprofit arises simply through buying products cheaply in one place and selling them at a much higher price elsewhere, yielding an above-average profit margin. This type of superprofit may not be attributable to extra productivity or monopoly conditions, and represent only a transfer of value from one place to another.

Superprofit sections
Intro  The origin of the concept in Marx's Capital  Leninist interpretation  Criticism of Leninist interpretation  Mandel's theory  References  See also  

The origin of the concept in Marx's Capital
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