By Samuel Hollander
This e-book rejects the generally encountered conception of Friedrich Engels as perpetuator of a "tragic deception" of Marx, and the both power physique of opinion treating him as "his master's voice". Engels's declare to acceptance is bolstered by way of a good contribution within the 1840s to the very foundations of the Marxian firm, a contribution entailing not just the "vision" yet a few of the construction blocks within the understanding of that imaginative and prescient. in this case, he proved himself to be a worldly interpreter of the doctrine of old materialism and an incredible contributor in his personal correct. This quantity serves as a significant other to Samuel Hollander's The Economics of Karl Marx (Cambridge college Press, 2008).
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This booklet rejects the widely encountered belief of Friedrich Engels as perpetuator of a "tragic deception" of Marx, and the both continual physique of opinion treating him as "his master's voice". Engels's declare to reputation is bolstered by way of an outstanding contribution within the 1840s to the very foundations of the Marxian firm, a contribution entailing not just the "vision" yet a number of the development blocks within the understanding of that imaginative and prescient.
The members to this stimulating choice of considerate essays research the philosophical ideas and logical constitution underlying Marx's fiscal idea in Capital. The essays take care of many methodological matters together with: the that means of dialectic good judgment, the relation among Marx and Hegel, the old specificity of Marx's techniques, the emphasis on social varieties, the commodity because the place to begin of Capital, the speculation of cash, the excellence among capital usually and festival, and Marx's critique of bourgeois economics.
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Additional resources for Friedrich Engels and Marxian Political Economy
14 To pin Engels down is no easy undertaking, because his statements vary with ruling circumstances and specific objective, rhetorical intent, and indeed mood of the moment, so that a broad range of formulation rather than select citation is necessary to an unusual degree. Accuracy of interpretation requires that one be alert to the contrast between prescriptive statements – as in many cases his support for universal suffrage appear to be – and descriptive statements, as in many cases his observations on revolution appear to be.
I have read it. I think it is full of errors and shews that the author has a very limited knowledge of the subject, yet I felt a great interest in perusing it. The cause of the distress of the labouring class is well stated, but he appears not to be aware of the difficulty of providing a remedy” (10 September 1821; Ricardo 1951–73 9: 62–3). Now, as Jacob Viner phrased the matter, “since Ravenstone’s explanation of the causes of the distress of the working-classes consisted essentially of the claim that the landlord, the capitalist, and the tax-gatherer deprived labour of the product of its effort, and used their booty to maintain the privileged classes in idleness or in unproductive activities, Ricardo’s partially laudatory comments should be especially surprising to the many economists who have regarded him as primarily an apologist for the moneyed classes” (Viner 1933: 117).
The inconsistency and ambiguity of liberal economics must of necessity dissolve again into its basic components. Just as theology must either regress to blind faith or progress towards free philosophy, free trade must produce the restoration of monopolies on the one hand and the abolition of private property on the other” (MECW 3: 421). 48 on Sun Sep 22 05:57:44 WEST 2013. 003 Cambridge Books Online © Cambridge University Press, 2013 28 Engels’s Early Contribution from Smith (Hollander 1980). Smith, it is true, looked on rapid accumulation as tending to weaken monopsonistic pressures to labor’s advantage (Hollander 1973: 319–20); however, accumulation – and efficient resource allocation as a means of maximizing the surplus available for accumulation – is made to depend upon the thoroughly untrustworthy class of merchants and manufacturers, always prone to monopoly and antisocial conspiracy.