Surplus Value, Unemployment and Industrial Turbulence Academic Article uri icon


  • The paper examines in quantitative terms how powerful such Marxian concepts as the amount and rate of surplus value and the size of the industrial reserve army are in accounting for levels of industrial turbulence. On the basis of data drawn from post-war Japan from 1952 to 1960, a series of statistical analyses has been performed to investigate relationships between the Marxian variables and various types of labor disturbance. None of these investigations has established strong connections between the former and the latter. Further inquiry has demonstrated that there is a partial convergence between the Marxian concepts of exploitation and the Tocquevillian concepts of improvement of social conditions.

publication date

  • March 1975