The Theoretical System of Karl Marx in the Light of Recent Criticism
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It has no place in real life. Its office is merely that of an aid to our think- ing, by means of which we can understand the economic phenomena, and its place is in the mental operations of the economic theorist. In short, "it is not an empirical but a mental fact." Value, thus banished from economic life into the realms of pure thought, can no longer come into conflict with the gross facts of this life. Its existence is none the less real, at least to the mind of the German scholar who must ha...ve been educated on the writings of the great German idealist philosophers. ^ Aside from the questionable value of such " value," the ^ Archiv fur Soziale Gesetzgebung und Statistik, Vol. VII, No. 4.
THE GREAT CONTRADICTION. 135 chief trouble with Sombart's conception of the Marxian " vaFue " is, — that it is not Marxian. Marx never dreamt of banishing his " value " from real life, from the facts of actual, every-day, economic life. He not only insisted that his theory of value had an application to the actual economic life of capitaHst society, but claimed that the laws of value as laid down by him controlled that life and prescribed the course of its development.
What to read after The Theoretical System of Karl Marx in the Light of Recent Criticism?
You can find similar books in the "Read Also" column, or choose other free books by Boudin, Louis B. (Louis Boudianoff), 1874-1952 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It has no place in real life. Its office is merely that of an aid to our think- ing, by means of which we can understand the economic phenomena, and its place is in the mental operations of the economic theorist. In short, "it is not an empirical but a mental fact." Value, thus banished from economic life into the realms of pure thought, can no longer come into conflict with the gross facts of this life. Its existence is none the less real, at least to the mind of the German scholar who must ha...ve been educated on the writings of the great German idealist philosophers. ^ Aside from the questionable value of such " value," the ^ Archiv fur Soziale Gesetzgebung und Statistik, Vol. VII, No. 4.
THE GREAT CONTRADICTION. 135 chief trouble with Sombart's conception of the Marxian " vaFue " is, — that it is not Marxian. Marx never dreamt of banishing his " value " from real life, from the facts of actual, every-day, economic life. He not only insisted that his theory of value had an application to the actual economic life of capitaHst society, but claimed that the laws of value as laid down by him controlled that life and prescribed the course of its development.
What to read after The Theoretical System of Karl Marx in the Light of Recent Criticism?
You can find similar books in the "Read Also" column, or choose other free books by Boudin, Louis B. (Louis Boudianoff), 1874-1952 to read onlineMoreLess
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