Rudolf Hilferding Quotes


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.


Citations

Hilferding, Rudolf. "Böhm-Bawerk's Criticism of Marx." Karl Marx and the Close of His System & Böhm-Bawerk's Criticism of Marx, edited by Paul M. Sweezy, Augustus M. Kelley, 1949, p. 157.

Related Quotes

This quotation is important because so many modern conservatives regard Keynes as a Marxist economist. Those who do, generally have not read neither the one or the other—possibly neither.


Marx believed that the system of capitalism if it succeeded would be forced to globalize. To him, globalization was an inevitable consequence of capitalism itself and purely national industries would be destroyed.


Rudolf Hilferding
Rudolf Hilferding
  • Born: August 10, 1877
  • Died: February 11, 1941
  • Nationality: American
  • Profession: Judge

Rudolf Hilferding was an Austrian-born Marxist economist, socialist theorist, politician and the chief theoretician for the Social Democratic Party of Germany (SPD) during the Weimar Republic, being almost universally recognized as the SPD's foremost theoretician of his century. He was also a physician.