Rudolf Hiferding 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. View quote
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. View quote
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. View quote
Rudolf Hiferding
Value is consequently the necessary theoretical starting point whence we can elucidate the peculiar phenomenon of prices resulting from capitalist competition. View quote
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. View quote
Rudolf Hiferding
The object of the law of value is to elucidate the actual exchange relations of commodities. View quote
Rudolf Hiferding