Capitalism; Imperialism; Saving and investment; Socialism
v. Kirchmann and Rodbertus both started, were bound to start, from the
fact of crises. Here the problem of enlarged reproduction of aggregate
capital, the problem of accumulation, was completely identified with the
problem of crises and side-tracked in an attempt to find a remedy for
the crises, although the historical experience of fifty years had shown
all too clearly that crises, as witnessed by their periodical
recurrence, are a necessary phase in capitalist reproduction. One side
now sees the remedy in the complete consumption of the surplus value by
the capitalist, that is to say in refraining from accumulation, the
other in stabilisation of the rate of surplus value by legislative
measures which comes to the same thing, i.e. renouncing accumulation
altogether. This special fad of Rodbertus' sprang from his fervent and
explicit belief in an unlimited capitalist expansion of the productive
forces and of wealth, without accumulation of capital. At a time when
capitalist production was developed to a degree which was soon to enable
Marx to make his fundamental analysis, the last attempt of bourgeois
economics to cope with the problem of reproduction degenerated into
absurd and puerile Utopianism.
FOOTNOTES:
[257] _Schriften_, vol. iii, p. 176.
[258] Op. cit., vol. i, pp. 53, 57.
[259] _Schriften_, vol. i, p. 206.
[260] Ibid., vol. i, p. 19.
[261] Op. cit., vol. ii, p. 110.
[262] Ibid., p. 144.
[263] _Schriften_, vol. ii, p. 146.
[264] Ibid., p. 155.
[265] Ibid., p. 223.
[266] _Schriften_, vol. ii, p. 226.
[267] Ibid., p. 156.
[268] _Schriften_, vol. i, p. 40.
[269] Op. cit., vol. ii, p. 25.
[270] _Schriften_, vol. i, p. 250.
[271] Ibid., p. 295. Rodbertus reiterates during a lifetime the ideas he
had evolved as early as 1842 in his _Towards the Understanding of Our
Politico-Economic Conditions_. 'Under present conditions, we have,
however, gone so far as to consider not only the wage of labour part of
the costs of the goods, but also rents and capital profits. We must
therefore refute this opinion in detail. It has a twofold foundation:
(_a_) a wrong conception of capital which counts the wage of labour as
part of the capital just like materials and tools, while it is on the
same level as rent and profit; (_b_) a confusion of the costs of the
commodity and the advances of the entrepreneur or the costs of the
enterprise' (_Towards the Understanding of Our Politico-Economic
Conditions_, Neubrandenburg & Friedland, G. Barnovitz, 1842, p. 14).
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