Heterodox
In the introduction to volume 2 of Capital written on May 5, 1885, Engels made this famous challenge: “The Ricardian school failed about the year 1830, being unable to solve the riddle of surplus-value. And what was impossible for this school, remained still more insoluble for its successor, vulgar economy. The two points which caused its failure were these:1. Labor: is the measure of value. However, actual labor in its exchange with capital has a lower value than labor embodied in the...
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