Question

Which economist is known for his work "Das Kapital" and the concept of surplus value?

• A. Adam Smith
• B. John Maynard Keynes
• C. Karl Marx
• D. Milton Friedman

Answer 1

Answer:

C. Karl Marx

Karl Marx

• Economist who emphasized the participation of workers in the production process.

• Author of Das Capital - 1867 (German Language)

• Karl Marx described the fact that only a part of the price of production is paid to the workers as remuneration and the rest is converted into profit by the capitalist as Surplus value