Capitalism; Imperialism; Saving and investment; Socialism
On the whole, Malthus neither rendered an original contribution to the
problem of reproduction, nor even grasped it fully. In his controversy
with the followers of Ricardo, he operated with the concepts of simple
commodity circulation, just as they did in their controversy with
Sismondi. His quarrel with that school turns on the 'unproductive
consumption' by the parasites of the surplus value; it is not a quarrel
about the social foundations of capitalist reproduction. Malthus'
edifice tumbles to the ground as soon as the absurd mistakes in his
theory of profits are uncovered. Sismondi's criticism remains valid, and
his problems remain unsolved even if we accept Ricardo's theory of value
with all its consequences.
FOOTNOTES:
[222] _Nouveaux Principes_ ..., vol. ii, p. 409.
[223] Cf. Marx, _Theorien über den Mehrwert_, vol. iii, pp. 1-29, which
gives a detailed analysis of Malthus' theory of value and profits.
[224] Dedicated to James Mill and published in 1827.
[225] James Mill, _Elements of Political Economy_ (3rd edition, London,
1826), pp. 239-40.
[226] Malthus. _Definitions in Political Economy_ (London, 1827), p. 51.
[227] Ibid., p. 64.
[228] Malthus, _Definitions in Political Economy_ (London, 1827), pp.
53-4.
[229] Ibid., pp. 62-3.
_SECTION TWO_
HISTORICAL EXPOSITION
OF THE PROBLEM
SECOND ROUND
THE CONTROVERSY BETWEEN RODBERTUS
AND VON KIRCHMANN
_CHAPTER XV_
v. KIRCHMANN'S THEORY OF REPRODUCTION
The second theoretical polemics about the problem of accumulation was
also started by current events. If the first English crisis and its
attendant misery of the working class had stimulated Sismondi's
opposition against the classical school, it was the revolutionary
working-class movement arisen since which, almost twenty-five years
later, provided the incentive for Rodbertus' critique of capitalist
production. The risings of the Lyons silk weavers and the Chartist
movement in England were vastly different from the shadowy spectres
raised by the first crisis, and the ears of the bourgeoisie were made to
ring with their criticism of the most wonderful of all forms of society.
The first socio-economic work of Rodbertus, probably written for the
_Augsburger Allgemeine Zeitung_ in the late thirties but not published
by that paper, bears the significant title, _The Demands of the Working
Classes_,[230] and begins as follows:
'What do the working classes want? Will the others be able to keep it
from them? Will what they want be the grave of modern civilisation?
Thoughtful people have long realised that a time must come when history
would put this question with great urgency. Now, the man in the street
has learned it too, from the Chartist meetings and the Birmingham
scenes.'
Public-domain text, read in full here on John Shaqi.
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