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Robert Wilbrandt’s Interpretation of Marx’s Law of Value in Volume 1 of Capital

The socialist German economist Robert Wilbrandt (1875–1954), the author of Karl Marx: versuch einer Würdigung (Leipzig, 1920), had an interesting interpretation of the “law of value” in volume 1 of Capital, as described by Alexander Gray: “Professor Wilbrandt, in his very sensitive appreciation of Karl Marx, offers us two points which are of some interest towards an appreciation of what Marx's admirers think that Marx really meant. The first is a rather naive admission that the first Volume...

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