Rudolf Hilferding Quotes

• Value manifests itself as exchange value, as a quantitatively determined relationship, in virtue of the fact that one commodity can be exchanged for another.

  Rudolf Hilferding

  Topics in Uncategorized

  Tags in Fact, Value

• The object of the law of value is to elucidate the actual exchange relations of commodities.

  Rudolf Hilferding

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  Tags in Law, Value

• The publication of the third volume of Capital has made hardly any impression upon bourgeois economic science.

  Rudolf Hilferding

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  Tags in Capital

• For in the theoretical field bourgeois economics no longer engages in blithe and joyous fights.

  Rudolf Hilferding

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  Tags in Economics

• Value is consequently the necessary theoretical starting point whence we can elucidate the peculiar phenomenon of prices resulting from capitalist competition.

  Rudolf Hilferding

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  Tags in Value, Necessary

• The expansion of the market creates a need for enhanced and more regular supply, and this in turn impels commercial capital to acquire control of production as well.

  Rudolf Hilferding

  Topics in Uncategorized

  Tags in Need, Control

• It is therefore utterly false to say that Marx revokes the law of value as far as individual commodities are concerned, and maintains it in force solely for the aggregate of these commodities.

  Rudolf Hilferding

  Topics in Uncategorized

  Tags in Law, Individual

• But whether, for example, a coat can be exchanged for twenty yards of linen cloth or for forty yards is not a matter of chance, but depends upon objective conditions, upon the amount of socially necessary labor time contained in the coat and in the linen respectively.

  Rudolf Hilferding

  Topics in Uncategorized

  Tags in Matter, Chance

• Since, however, the reduced surplus value is to be distributed among them in like manner, the modification of their respective parts in the production of surplus value must find expression in a modification of the prices.

  Rudolf Hilferding

  Topics in Uncategorized

  Tags in Find

• It is obvious, moreover, that the formation of price in capitalist society must differ from the formation of price in social conditions based upon the simple production of commodities.

  Rudolf Hilferding

  Topics in Society

• As soon, however, as capitalist competition has definitively established the equal rate of profit, that rate becomes the starting point for the calculations of the capitalists in the investment of capital in newly-created branches of production.

  Rudolf Hilferding

  Topics in Uncategorized

  Tags in Investment

Rudolf Hilferding (11)

Birth:	10th August, 1877
Death:	11th February, 1941
Nationality:	Austrian
Profession:	Economist, Journalist, Physician

About

Rudolf Hilferding was an Austrian-born Marxist economist, leading socialist theorist, politician and chief theoretician for the Social Democratic Party of Germany during the Weimar Republic, almost universally recognized as the SPD's foremost theoretician of his century, and a physician.

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Births

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• 1802 - Sara Coleridge
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Deaths

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• 1834 - Thomas Robert Malthus
• 1972 - Abraham Joshua Heschel
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