Valorisation

The valorisation or valorization of capital is a theoretical concept created by Karl Marx in his critique of political economy. The German original term is "Verwertung" (specifically Kapitalverwertung) but this is difficult to translate, and often wrongly rendered as "realisation of capital", "creation of surplus-value" or "self-expansion of capital" or "increase in value".

In German, the general meaning of "Verwertung" is the use or application of something (an object, process or activity) so that it makes money, or generates value, with the connotation that the thing validates itself and proves its worth when it results in earnings, a yield. Thus, something is "valorized" if it has yielded its value. Similarly, Marx's specific concept refers both to the process whereby a capital value is conferred or bestowed on something, and to the increase in the value of a capital asset.

In modern translations of Marx's economic writings, such as the Penguin edition of Capital and the English Marx-Engels Collected Works, the term valorization (as in French) is preferred because it is recognized that it denotes a highly specific economic concept, i.e., a term with a technical meaning.

Note: "Valorisation" is nowadays also a term used in the vocational training community, in academia and in project management. In this sense, it refers to getting the maximum value and usefulness out of education programmes and managed projects, by generalizing what has been learnt from the specialist experiences to other, related fields. In this modern sense of the word, the European Commission defines the term as "a process of exploiting project learning and outcomes (training products and processes, methodology, course materials etc) with a view to optimising their value and impact in existing and new contexts (target groups, companies, sectors, training institutions and systems etc). This meaning is unrelated to Marx's concept, other than the reference to making the best use of an activity or getting the best value out of it for all concerned. The modern meaning relates not to capital, but to spreading the benefits of upskilling.

Read more about Valorisation:  Definition, The Mysteries of Capital's Growth, Valorization and Management Theory, Devalorisation, Valorisation and The Realisation of Capital, Rate of Valorisation, The Conflict Between Physical Output Growth and Valorization

Other articles related to "valorisation":

Valorisation - The Conflict Between Physical Output Growth and Valorization
... "Simultaneously with impulses towards a genuine increase in the working population, which stem from the increase in the portion of the total social product that functions as capital, we have those agencies that create a relative surplus population ... Simultaneously with the fall in the profit rate, the mass of capital grows, and this is associated with a devaluation of the existing capital, which puts a stop to this fall and gives an accelerating impulse to the accumulation of capital value ...
Apprentices Mobility - Evaluations of Programmes
... the first phase of the Leonardo da Vinci programme, a ‘valorisation’ exercise was carried out on selected aspects of the programme, both at national and at European level ... Valorisation is not the same as traditional evaluation or impact assessment, but focuses mainly on the achievements of the programme with a view to formulating recommendations for ... It is not a very well defined methodology, and valorisation exercises consequently vary greatly from country to country, as well as in quality ...
Personalized Learning - Definitions
... learner actively participate to the construction of his own curriculum Valorisation of the cognitive dimension of the learner Valorisation of all dimensions of learner, not only ...