The year of the publication of Ricardo's "Principles" (1817) is the
year which witnessed the rise of English Socialism. In that year,
Robert Owen, in a public meeting in the City of London, declared
himself a Socialist. Three years later appeared the first criticisms
of Ricardo's political economy. In these it was argued that, according
to Ricardo, labour is the source of value, yet he considers capital as
the creative factor of society and the working class as a mere
appendage of capital. It must be the reverse; for the workers create
values together with the surplus products which are appropriated by
capital. In 1817, Robert Owen openly declares himself a Socialist;
four years later appears the anonymous letter to Lord John Russell;
Percy Ravenstone publishes his "Criticism of Capitalism," John Gray
his Lecture, and Hodgskin his pamphlet on the unproductive nature of
capital, in which he establishes the existence of a raging class
struggle.
The deep impression which these writings made on Marx is clearly seen
in the second and third volumes of his "Theories on Surplus Value."
And he links on to them. He completed what Ricardo hinted at and what
the anti-capitalist school deduced from Ricardo. How Marx continued
and elaborated these deductions we haw already seen in Chapter 3,
"Outlines of Marx's Economics," and Chapter 7, "Surplus Value as the
Motive Force of Society," where capital is shown to be the mass of
surplus value of which the workers have been deprived.
The deductions made by the English anti-capitalist school from Ricardo
signified, politically, the first awakenings of the English workers to
class-consciousness, to the struggle against capital. Just as
Ricardo's theory of value and rent was the battle-cry of capital
against the aristocracy--a battle-cry which created the free trade
movement and shattered the economic power of the landed nobility, so
the theory of value and surplus value was to become the battle-cry of
the proletariat against the bourgeoisie, the declaration of
independence, so to speak, of the working class. The English
proletariat lacked a philosopher who could work out the idea to its
logical conclusion, until Marx applied himself to the problem and
solved it, so far indeed as philosophical problems can be solved, by a
science which places itself at the disposal of a class movement.
Public-domain text, read in full here on John Shaqi.
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