Capitalism; Imperialism; Saving and investment; Socialism
This piece of god-fearing, pious righteousness comes from the second
edition of 1901, after all that had been written by Engels, Kautsky and
Mehring to destroy this learned legend, and in spite of it. Quite
inevitably, of course, and proof against any evidence to the contrary,
however weighty, it was only right in the eyes of all the learned German
economists that the palm of 'priority' should be wrested from Marx, the
revolutionary anarchist, by Rodbertus, the 'socialist' with monarchist,
Prussian and nationalist leanings, the man who believed in communism
five hundred years from now, but for the present supported a steady
exploitation rate of 200 per cent. However, we are interested in another
aspect of Rodbertus' analysis. The same Professor Diehl continues his
eulogy as follows: 'Rodbertus was not only a pioneer of socialism;
political economy as a whole owes much stimulation and furtherance to
him; economic theory in particular is indebted to him for the critique
of classical economics, for the new theory of the distribution of
income, for the distinction between the logical and historical
categories of capital, and so on.'
Here we shall deal with these latter achievements of Rodbertus,
especially with the 'and so on'.
Rodbertus' decisive treatise, _Towards the Understanding of Our
Politico-Economic Conditions_[232] of 1842, set the ball rolling.
v. Kirchmann replied in _Demokratische Blätter_ with two essays--_On
the Social Aspects of Ground Rent_[233] and _The Society of
Barter_[234]--and Rodbertus parried in 1850 with his _Letters on Social
Problems_.[235] Thus the discussion entered the same theoretical arena
where Malthus-Sismondi and Say-Ricardo-MacCulloch had fought out their
differences thirty years earlier. In his earliest writings, Rodbertus
had already expressed the thought that the wages of labour present an
ever diminishing part of the national product in modern society where
the productivity of labour is increasing. He claimed this to be an
original idea, and from that moment until his death thirty years later
he did nothing but reiterate it and formulate it in various ways. This
'declining wage rate' is for him the root of all evils to be found in
modern society, in particular of pauperism and the crises, whose
combination he calls 'the social problem of our times'.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account