Industrial Day-Dreams; Studies in Industrial Ethics and Economics

Industrial Day-Dreams; Studies in Industrial Ethics and Economics

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1896 edition. Excerpt: ...has not been stolen by the capitalist from labour. Whence, then, comes the enhanced value of the engine? It comes, not from labour, but from time, from the wants of consumers, whereby the present value of future goods is less than that of present goods. This excellent illustration answers the double purpose of showing that value does not arise from labour, and that surplus-value taken by the capitalist is not necessarily an exploitation of labour. The labourer has evidently no right to the whole value of the product; he has a right to his share of it, for he has only a share in it. How to determine that share, and whether he usually receives his share, are both grave and difficult questions, beside the present point. It will clear the air somewhat, then, when all parties, especially the workmen, realize that, as Bohm-Bawerk says, the rise of surplus-value 'is a law which owes its existence, not to our political and social institutions, but directly to the nature of man and the nature of things.' It remains to consider what effect this refutation of the labour doctrine of value has upon economic Socialism. Undoubtedly it is the chief corner-stone in the economic structure of Marx, both in his own opinion and in that of many of his principal critics. For instance, Dr. Schaffle says that on this account Marx's Socialism 'is quite incapable of solving the problem of production with collective capital which it propounds, on any really sound economic basis. As long as Socialism has not something quite other than this, and more positive, to offer, it has no chance.' By more 'positive' Dr. Schaffle must mean more scientific or certain, for Socialists do not suffer from any lack of positiveness. Dr. Schaffle says in another place that 'the bare...show more

Product details

  • Paperback | 66 pages
  • 189 x 246 x 4mm | 136g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236584627
  • 9781236584625