Marx Against Marxism (Routledge Library Editions: Political by Julius Loewenstein

By Julius Loewenstein

This quantity lines the origins, contradictions and results of Marx’s instructing on his fans. He makes use of Marx to talk opposed to the inflexible dogmatism inherent in a lot of Marxism and concentrates at the interpretations of Marx’s paintings by means of Max Weber.

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8 The law regulating wages states that the price of labour cannot exceed the subsistence level of the worker. It cannot rise because the accumula­ tion of capital is already put at risk as a result of the falling rate of 16 Antecedents profit. Higher labour costs would only reduce production and so make it impossible to maintain the subsistence and perpetuation of the labour force. Thomas Maithus, arguing along the same lines as Ricardo, had a harsh fate in store for the worker who could not find work.

He portrayed the communists, ‘the only party in France deserving attention’, as5 a small community, reminiscent of the Christian church in the first century, at present despised and persecuted, but which still produces a propaganda with a zeal and dark destructive will that also reminds one of those Galilean beginnings.. . Sooner or later the scattered family of St Simon and the whole . . of the Fourierists will join the growing army of communism. They will then properly articulate the raw needs, taking on the role of the Fathers of the Church, as it were.

This system of laws established that wages could not rise above subsistence level, and it discountenanced any intervention in the laws of nature it had established. These principles determined the scope of the new science of economics of the classical school no less than the Marxist school. They also fascinated public opinion: a parliamentary report of 1810, for instance, stated that ‘No interference of the legislature with the freedom of trade . . g. by means of a poor law) was considered detrimental to society.

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