Home
Authors
Tags
App
Get QuoteDark Inspirational Quotes App
" 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
Value
Virtue
Relationship
Related Quotes:
" 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 Hiferding
Must
Like
Value
" 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 Hiferding
Turn
Need
More
" 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
Force
Far
Individual
" 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
Must
Simple
Society
" Value is consequently the necessary theoretical starting point whence we can elucidate the peculiar phenomenon of prices resulting from capitalist competition. "
Rudolf Hiferding
Competition
Point
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. "
Rudolf Hiferding
Investment
Starting
Competition
" The object of the law of value is to elucidate the actual exchange relations of commodities. "
Rudolf Hiferding
Law
Value
Object