Surplus product ( German: Mehrprodukt ) is an economic concept explicitly theorised by Karl Marx in his critique of political economy. Marx first began to work out his idea of surplus product in his 1844 notes on James Mill's Elements of political economy.Karl Marx, Early writings. Harmondsworth: Penguin Books, 1975, p. 274f. or: Marx Engels Collected Works, Vol. 3 (Moscow: Progress Publishers, 1975), p. 225f. The frequent translation of the German " Mehr " as "surplus" makes the term "surplus product" somewhat inaccurate, because it suggests to English speakers that the product referred to is "unused", "not needed , "  or "redundant , "  while most accurately "Mehr" means "more" or "added"—thus, " Mehrprodukt " refers really to the additional or "excess" product produced. In German, the term "Mehrwert" most literally means value-added, a measure of net output, (though, in Marx's particular usage, it means the surplus-value obtained from the use of capital, i.e. it refers to the net addition to the value of capital owned).
Surplus product ( ) is an economic concept explicitly theorised by Karl Marx in his critique of political economy. Marx first began to work out his idea of surplus product in his 1844 notes on James Mill's Elements of political economy.Karl Marx, Early writings. Harmondsworth: Penguin Books, 1975, p. 274f. or: Marx Engels Collected Works, Vol. 3 (Moscow: Progress Publishers, 1975), p. 225f. The frequent translation of the German " " as "surplus" makes the term "surplus product" somewhat inaccurate, because it suggests to English speakers that the product referred to is "unused", "not needed " , or "redundant " , while most accurately "Mehr" means "more" or "added"—thus, " " refers really to the additional or "excess" product produced. In German, the term "Mehrwert" most literally means value-added, a measure of net output, (though, in Marx's particular usage, it means the surplus-value obtained from the use of capital, i.e. it refers to the net addition to the value of capital owned).
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German: Mehrprodukt
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Mehrprodukt