Best quotes by Rudolf Hilferding on Value

Checkout quotes by Rudolf Hilferding on Value

• ‟ The object of the law of value is to elucidate the actual exchange relations of commodities.

  - Rudolf Hilferding
  

• ‟ 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 Hilferding
  

• ‟ Value is consequently the necessary theoretical starting point whence we can elucidate the peculiar phenomenon of prices resulting from capitalist competition.

  - Rudolf Hilferding
  

• ‟ 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
  

• ‟ 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 Hilferding