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 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
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
