Historical materialism and the economics of Karl MarxCroce, Benedetto
Philosophy
Historical materialism and the economics of Karl Marx
Croce, Benedetto
Historical materialism; Marxian economics
But hitherto history has shown us only societies which, in addition to
the enjoyment of goods not increasable by labour, have satisfied their
needs by labour. Hence this equivalence between value and labour has
hitherto had and will continue for an indefinite time to have, a
conformity with facts; but, of what kind is this conformity? Having
ruled out (1) that it is a question of a moral ideal, and (2) that it
is a question of scientific law; and having nevertheless concluded
that this equivalence is a _fact_ (which Marx uses as a type), we are
obliged to say, as the only alternative, that _it is a fact, but a
fact which exists in the midst of other facts; i.e. a fact that
appears to us empirically as opposed, limited, distorted by other
facts_, almost like a force amongst other forces, which produces a
resultant different from what it would produce if the other forces
ceased to act. _It is not a completely dominant fact but neither is it
non-existent and merely imaginary._[24]
It is still necessary to remark that in the course of history this
_fact_ has undergone various alterations, _i.e._, has been more or
less obscured; and here it is proper to do justice to Engels' remark
in reference to Sombart; that as regards the way in which the latter
defines the law of value 'he does not bring out the full importance
which this law possesses during the stages of economic development in
which it is supreme.' Engels makes a digression into the field of
economic history to show that Marx's law of value, _i.e._ the
equivalence between value and the labour socially necessary, has been
supreme for several thousand years.[25] Supreme is too strong a term;
but it is true that the opposed influences of other facts to this law
have been fewer in number and less intense under primitive communism
and under mediæval and domestic economic conditions, whilst they have
reached a maximum in the society based on privately owned capital and
more or less free universal competition, _i.e._ in the society which
produces almost exclusively _commodities_.[26]
Marx, then, in postulating as _typical_ the equivalence between value
and labour and in applying it to capitalist society, was, as it were,
making a comparison between capitalist society and a part of itself,
isolated and raised up to an independent existence: _i.e._ a
comparison between capitalist society and economic society as such
(but only in so far as it is a working society). In other words, he
was studying the social problem of labour and was showing by the test
implicitly established by him, _the special way in which this problem
is solved in capitalist society_. This is the justification, no longer
_formal_ but _real_, of his method.
Public-domain text, read in full here on John Shaqi.
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