Assignment:
" I call that surplus-value which is produced by the lengthening of the working day, absolute surplus value. In contrast to this, I call that surplus value which arises from the curtailment of the necessary labor time, and from the corresponding alteration in the respective lengths of the two components of the working day, relative surplus value."
• What is relative surplus value? On page 169 of his companion David Harvey writes
" Now, most other theories of technological change treat it as some sort of deus ex machina, some exogenous variable outside the system, attributable to the inherent genius of entrepreneurs or simply to the immanent capacity of human beings for innovation...What (Marx) does here is find a simple way to explain why capitalism is so incredibly technologically dynamic from the inside."
• Explain!