Rudolf Hilferding Quotes

Rudolf Hilferding

Austrian Economist

Born: Aug 10, 1877

Died: Feb 11, 1941

Bourgeois Capitalist Competition Conditions Law Value

Related authors: Adam Smith Alan Greenspan E. F. Schumacher John Kenneth Galbraith John Maynard Keynes Milton Friedman Paul A. Volcker Thomas Sowell

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 Hilferding

Simple Society Must Moreover Price Obvious Conditions Commodities Differ Formation Social Social Conditions Capitalist Capitalist Society Production Based

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 Hilferding

Value Respective Must Find Distributed Prices Since Like Parts Reduced Surplus However Them Modification Manner Production Expression Among

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 Hilferding

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