Finding:

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   Superprofit

   The term "superprofit" (extra surplus-value) was first used by Karl Marx in Das Kapital.
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   Karl Marx

   100 Mark der DDR note used in the German Democratic Republic. ... Karl Marx House
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   Surplus value

   superprofit ... Young Marx Prominent figures Karl Marx · Friedrich Engels
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   Law of value

   These phenomena can create very a significant distortion in world trade between market prices for goods, and the real production costs for those goods, resulting in superprofit for the beneficiaries of the trade. ... Karl Marx, Das Kapital.
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   Organic composition of capital

   The organic composition of capital (OCC) is a concept created by Karl Marx in his critique of political economy and used in Marxian economics as a theoretical alternative to neo-classical concepts of factors of production, production functions, capital productivity and capital-output ratios. ... when a successful new technology or product is first introduced on the market, the pioneering producers typically obtain an additional profit (or superprofit), but when the use of the innovation spreads and is more generally applied, profitability declines for all producers.
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   Differential and Absolute Ground Rent

   Differential and Absolute Ground Rent are concepts used by Karl Marx in the third volume of Das Kapital to explain how the capitalist mode of production would operate in agricultural production, under the condition where most agricultural land was owned by a social class of land-owners who obtained rent income from those who farmed the land. ... Superprofit
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   Capitalist mode of production

   The overall aim of capitalist production, under competitive pressure, is (a) to maximise net profit income (or realise a net superprofit) as much as possible, through cutting production costs, increasing sales, and monopolisation of markets and supply, (b) capital accumulation, to acquire productive and non-productive assets, and (c) to privatize both the supply of goods and services and their consumption. ... Karl Marx, Grundrisse.
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   Unequal exchange

   On the other side, the beneficiaries of the trade obtain a superprofit. ... Karl Marx · Friedrich Engels
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   Labor aristocracy

   Karl Marx · Friedrich Engels · Vladimir Lenin · Rosa Luxemburg · Joseph Stalin · Leon Trotsky · Mao Zedong ... The term is most widely used in the United States, where it was popularised in the decade prior to the First World War by Eugene Debs's Socialist Party of America, and the Industrial Workers of the World (see below).

Explore the following pages on Powerset:

• Superprofit,
• Karl Marx,
• Surplus value,
• Law of value,
• Organic composition of capital,
• Differential and Absolute Ground Rent,
• Capitalist mode of production,
• Unequal exchange,
• Labor aristocracy