Rudolf Hiferding quotes

Rudolf Hilferding was an Austrian economist and a leading Marxist theorist. His most influential work, "Finance Capital," analyzed the role of banks and monopolies in the capitalist economy. He became an important figure in socialist politics and contributed to economic thought in the early 20th century. Here are 7 of his quotes:

The publication of the third volume of Capital has made hardly any impression upon bourgeois economic science. (Rudolf Hiferding)

For in the theoretical field bourgeois economics no longer engages in blithe and joyous fights.

Rudolf Hiferding

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

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

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

Rudolf Hiferding

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

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

Rudolf Hiferding

Rudolf Hiferding

Rudolf Hiferding - Image

Occupation: Austrian Economist
Born: August 10, 1877
Died: February 11, 1941
Quotes count: 7

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