Rudolf Hilferding Quotes

Rudolf Hilferding
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
Value is consequently the necessary theoretical starting point whence we can elucidate the peculiar phenomenon of prices resulting from capitalist competition. Rudolf Hilferding
Competition Value Resulting Point Prices Whence Capitalist Theoretical Necessary Starting Phenomenon Starting Point Consequently Peculiar
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
Time Matter Example Respectively Objective Contained For Example Yards Conditions Labor Cloth Depends Whether Forty Coat Twenty Amount Socially Necessary Chance
The publication of the third volume of Capital has made hardly any impression upon bourgeois economic science. Rudolf Hilferding
Science Made Economic Volume Bourgeois Impression Any Capital Publication Hardly Third

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