Rudolf Hiferding
Rudolf Hiferding
Rudolf Hiferding quotes about
american-author becomes branches capital capitalist competition equal investment point rate starting
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.
american-author based capitalist conditions differ production social society
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.
american-author capitalist necessary peculiar phenomenon prices resulting
Value is consequently the necessary theoretical starting point whence we can elucidate the peculiar phenomenon of prices resulting from capitalist competition.
american-author commodity exchange fact itself
Value manifests itself as exchange value, as a quantitatively determined relationship, in virtue of the fact that one commodity can be exchanged for another.
american-author data definite law marxist merely modified third thus value
We thus see that the Marxist law of value is not canceled by the data of the third volume, but is merely modified in a definite way.