Karl Marx
KARL MARX
AND THE CLOSE OF HIS SYSTEM BY Eugen von Böhm-Bawerk &
BÖHM-BAWERK'S
CRITICISM OF MARX BY Rudolf Hilferding
Together with an Appendix consisting of an Article by Ladislaus von Bortkiewicz on the Transformation of Values into Prices of Production in the Marxian System Edited with an introduction
by PAUL M. SWEEZY
AUGUSTUS N E W YORK
M.
KELLEY
1949
COPYRIGHT BY AUGUSTUS M. KELLEY, 1 9 4 9
Printed in the United States of America by H. WOLFF, New York
CONTENTS Editor's Introduction
KARL MARX AND THE CLOSE OF HIS SYSTEM.
v
Eugen von Böhm-Bawerk Introduction 1 The Theory of Value and Surplus Value IT The Theory of the Average Rate of Profit and of the Price of Production in The Question of the Contradiction iv The Error in the Marxian System: Its Origin and Ramifications v Werner Sombart's Apology
BÖHM-BAWERK'S
3 9 19 28 64 102
CRITICISM OF MARX.
Rudolf Hiljerding Preface I Value as an Economic Category II Value and Average Profit in The Subjectivist Outlook
APPENDIX. ON THE CORRECTION OF MARX'S FUNDAMENTAL THEORETICAL CONSTRUCTION IN THE THIRD VOLUME OF CAPITAL. Ladislaus von
121 123 149 184
Bortkiewicz
INDEX OF NAMES
199
223
EDITOR'S INTRODUCTION
HIS volume brings together two of the most important items in the large literature concerned with criticizing and evaluating the economic doctrines of Karl Marx. Böhm-Bawerk's contribution, in its English translation, has been out of print and very difficult to obtain for many years. Hilferding's answer to Böhm-Bawerk was brought out in translation by an obscure socialist publisher in Glasgow and never acquired wide circulation in either Britain or this country. In view of the recent growth of interest in Marxism, I believe the time has come to make these works available to a larger English-reading public; and I also believe that each gains in value through being presented side by side with the other. As an appendix there is included an article by
AND THE CLOSE OF HIS SYSTEM BY Eugen von Böhm-Bawerk &
BÖHM-BAWERK'S
CRITICISM OF MARX BY Rudolf Hilferding
Together with an Appendix consisting of an Article by Ladislaus von Bortkiewicz on the Transformation of Values into Prices of Production in the Marxian System Edited with an introduction
by PAUL M. SWEEZY
AUGUSTUS N E W YORK
M.
KELLEY
1949
COPYRIGHT BY AUGUSTUS M. KELLEY, 1 9 4 9
Printed in the United States of America by H. WOLFF, New York
CONTENTS Editor's Introduction
KARL MARX AND THE CLOSE OF HIS SYSTEM.
v
Eugen von Böhm-Bawerk Introduction 1 The Theory of Value and Surplus Value IT The Theory of the Average Rate of Profit and of the Price of Production in The Question of the Contradiction iv The Error in the Marxian System: Its Origin and Ramifications v Werner Sombart's Apology
BÖHM-BAWERK'S
3 9 19 28 64 102
CRITICISM OF MARX.
Rudolf Hiljerding Preface I Value as an Economic Category II Value and Average Profit in The Subjectivist Outlook
APPENDIX. ON THE CORRECTION OF MARX'S FUNDAMENTAL THEORETICAL CONSTRUCTION IN THE THIRD VOLUME OF CAPITAL. Ladislaus von
121 123 149 184
Bortkiewicz
INDEX OF NAMES
199
223
EDITOR'S INTRODUCTION
HIS volume brings together two of the most important items in the large literature concerned with criticizing and evaluating the economic doctrines of Karl Marx. Böhm-Bawerk's contribution, in its English translation, has been out of print and very difficult to obtain for many years. Hilferding's answer to Böhm-Bawerk was brought out in translation by an obscure socialist publisher in Glasgow and never acquired wide circulation in either Britain or this country. In view of the recent growth of interest in Marxism, I believe the time has come to make these works available to a larger English-reading public; and I also believe that each gains in value through being presented side by side with the other. As an appendix there is included an article by