Chapter 35 of 126 · Socialistic Fallacies by Yves Guyot
CHAPTER VI: Karl Marx and FormulÆ A, B, and C
- i Ricardo's formula and Marx' amendment—A third mysterious quantity—“Labour power”—Definition of value—Surplus value.
- ii Variable capital and surplus-value — Example—1,307.69 per cent.—Total surplus value proceeding from 2.50 per cent. of capital—The vampire.
- iii Disinterestedness of the “vampires”—Destruction of surplus value by establishment.
- iv The elements of profit—Marx' assertion that establishment is not a factor in profit.
- v Raw material—Definition of profits.
- vi Variation in surplus-value — Marx' and Engels' qualifications—The theory abandoned—Profit is derived, not from the quantity of unpaid labour, but from the management of the enterprise.
Socialistic Fallacies
Read the whole book online · Book details
Free to read online and to download from this archive.