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.

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

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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

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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

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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 Hiferding

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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

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