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Value product

The value product (VP) is an economic concept formulated by Karl Marx in his critique of political economy during the 1860s, and used in Marxian social accounting theory for capitalist economies. Its annual monetary value is approximately equal to the netted sum of six flows of income generated by production:

Products, Criticism and controversy & Definition

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Overview

Definition

An additional comment by Marx

Marxian new value added, versus GDP

Criticism and controversy

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Map overview Semantic statistics

Value product

Nodes60
Edges59
Triples10
Avg. degree1.97
Density0.033333
Components1

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Value product

Top relations

related to Criticism and controversy · 7
Value product → Anwar Shaikh, Capital Vol, In, Marx, Marx's, Prof, The Trinity Formula

Important terminology Word statistics

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Important terminology

value production product marx income gross new net marxian capital surplus paid profit marx's capitalist accounts including added wages interest

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
the share of profitsinstance ofMarx criticized ratios0.80text
wagesinstance ofMarx criticized ratios0.80text
the rental value of owner-occupied housinginstance ofofficial value added also includes some dubious components0.80text
Value productrelated to Criticism and controversyMarx's0.60section
Value productrelated to Criticism and controversyMarx0.60section
Value productrelated to Criticism and controversyCapital Vol0.60section
Value productrelated to Criticism and controversyThe Trinity Formula0.60section
Value productrelated to Criticism and controversyIn0.60section
Value productrelated to Criticism and controversyProf0.60section
Value productrelated to Criticism and controversyAnwar Shaikh0.60section

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