Question

The Marxian Theory of surplus value is largely derived from the theory of

• A. Adam Smith
• B. Thomas Malthus
• C. David Ricardo
• D. J.S. Mill

Hint:

Understand Ricardo’s labor theory to grasp Marx’s critique of capitalist exploitation through surplus value.

Answer 1

The Correct Option is C

Marx’s theory of surplus value builds on David Ricardo’s labor theory of value. Marx extended this to argue that capitalists exploit workers by extracting surplus value—the difference between a worker’s production and their wage.