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> They conceded nothing and admitted no external influences In the case of Marx this is inaccurate. Indeed, in Das Kapital he develops the Labor theory of valu
by rogue7 6y ago
> They conceded nothing and admitted no external influences
In the case of Marx this is inaccurate. Indeed, in Das Kapital he develops the Labor theory of value [0] from earlier works of David Ricardo and ... Adam Smith.
[0] https://en.wikipedia.org/wiki/Labor_theory_of_value https://en.wikipedia.org/wiki/Labor_theory_of_value
- dalbasal 6y agoAbsolutely. I think you have me backwards. Marx's economics are a pretty straightforward response to Ricardo. He himself mostly alluded to Ricardo as "Bourgeois intellectuals," avoiding even naming him.
- rogue7 6y agoI now understand what you meant. However with a quick search, you can find 14 references to Ricardo (granted, in the footnotes) just in Capital, part one, chapter one [0]. I think it's telling how most of the Smith and Ricardo followers celebrate how prescient they were, excluding the labor theory of value when they embrace marginalism [1] instead. I guess it must be more convenient for them. [0] https://www.marxists.org/archive/marx/works/1867-c1/ch01.htm https://www.marxists.org/archive/marx/works/1867-c1/ch01.htm [1] https://en.wikipedia.org/wiki/Neoclassical_economics#Marginal_revolution https://en.wikipedia.org/wiki/Neoclassical_economics#Margina...