Citation:

Zhang Xinqiang, Jia Kang. "Analysis of the Cognitive Framework of “Surplus Value” and “Managerial Labor” Expanded by Basic Principles" International Research Journal of Economics and Management Studies, Vol. 3, No. 1, pp. 53-62, 2024.

Abstract:

Starting from the perspectives of two assumptions related to Marx’s theory of surplus value, this paper discusses the development and enrichment of Marx’s cognitive framework of surplus value according to the basic principles. In view of this, it is concluded that “the labor of laborers who do not own the means of production and the labor of entrepreneurs (masters) who own and manage the means of production can both belong to the source of abstract labor” and that “the source of the formation of surplus value, which is the essence of profit, comes partly from direct labor and partly from indirect labor (managerial labor),” to logically expand the coverage and explanatory power of the Marxist theory of surplus value based on the theoretical system of labor value and surplus value, and to understand better the contributions of “complex labor” and “management of labor.” It aims to affirm the role of entrepreneurs, promote the spirit of entrepreneurship, and understand the problem of “exploitation” at the source, to rationally grasp the coexistence of “distribution according to work” and “distribution according to factors” and thus to form a solid theoretical foundation.

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Keywords:

Labor Value, Surplus Value, Management Labor, Exploitation, Distribution.