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 Hiferding Copy Share Image
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… — Rudolf Hiferding Copy Share Image
It is therefore utterly false to say that Marx revokes the law of value as far as individual commodities are concerned, and maintains it… — Rudolf Hiferding Copy Share Image
It is obvious, moreover, that the formation of price in capitalist society must differ from the formation of price in social conditions based upon… — Rudolf Hiferding Copy Share Image
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 Hiferding Copy Share Image
Value is consequently the necessary theoretical starting point whence we can elucidate the peculiar phenomenon of prices resulting from capitalist competition. — Rudolf Hiferding Copy Share Image
As soon, however, as capitalist competition has definitively established the equal rate of profit, that rate becomes the starting point for the calculations of… — Rudolf Hiferding Copy Share Image
The expansion of the market creates a need for enhanced and more regular supply, and this in turn impels commercial capital to acquire control… — Rudolf Hiferding Copy Share Image
The object of the law of value is to elucidate the actual exchange relations of commodities. — Rudolf Hiferding Copy Share Image
But whether, for example, a coat can be exchanged for twenty yards of linen cloth or for forty yards is not a matter of… — Rudolf Hiferding Copy Share Image
Since, however, the reduced surplus value is to be distributed among them in like manner, the modification of their respective parts in the production… — Rudolf Hiferding Copy Share Image
