Theories of Surplus Value, or Capital IV, is the practical research, critique and development of Marx's analysis of capitalism that runs parallel to his theoretical work in the first three volumes of Capital. This edition by Lawrence & Wishart is the English translation of the German edition composed by Dietz Verlag, Berlin, in 1956-66 from Marx's complete notes and according to Marx's original outline. This book is the first of three volumes. Within this first volume, among other notes, Marx evaluates the works of the Physiocrats and Adam Smith. He devotes a good part of his discussion to the difference between productive and unproductive labor, as well as the further consideration of the distinction between means of production and means of consumption, which was a subject of the second volume of Capital.

Marx's Theories of Surplus Value is the fourth volume of his monumental Das Kapital (Capital). Divided into three parts, this lengthy work reviews classic economic analyses of labour and value (Smith, Ricardo, Malthus, and others), focusing on the concept of "surplus value" - the difference between the full value of a worker's labour and the wages received for this labour. This is a key concept for Marx since in his view the capitalist maintains power through controlling surplus value.

Marx's Theories of Surplus Value is the fourth volume of his monumental Das Kapital (Capital) and is now available exclusively from Prometheus and Humanity Books. Divided into three parts, this lengthy work reviews classic economic analyses of labor and value (Smith, Ricardo, Malthus, and others), focusing on the concept of "surplus value" — the difference between the full value of a worker's labor and the wages received for this labor. This is a key concept for Marx since the capitalist maintains power through controlling surplus value. This complete, unabridged edition in three parts will be available in November 1999 in individual volumes or as a set.