Hereitis:
“Forceandlabourarethetwoprincipalfactorswhichcomeintoplayinformingsocialconnections“{D。C。255}。
Inthisonesentencewehavethecompleteconstitutionoftheeconomicworlduptothepresentday。Itisextremelyshort,andruns:
ArticleOne:Labourproduces。
ArticleTwo:Forcedistributes。
Andthis,“speakinginplainhumanlanguage“{D。K。G。496},sumsupthewholeofHerrDühring’seconomicwisdom。
VIII。
CAPITALANDSURPLUS-VALUE
(Conclusion)“InHerrMarx’sview,wagesrepresentonlythepaymentofthatlabour-timeduringwhichthelabourerisactuallyworkingtomakehisownexistencepossible。Butonlyasmallnumberofhoursisrequiredforthispurpose;alltherestoftheworking-day,oftensoprolonged,yieldsasurplusinwhichiscontainedwhatourauthorcalls’surplus-value’,or,expressedineverydaylanguage,theearningsofcapital。Ifweleaveoutofaccountthelabour-timewhichateachstageofproductionisalreadycontainedintheinstrumentsoflabourandinthepertinentrawmaterial,thissurpluspartoftheworking-dayisthesharewhichfallstothecapitalistentrepreneur。Theprolongationoftheworking-dayisconsequentlyearningsofpureexploitationforthebenefitofthecapitalist“{D。K。G。500-01}。
AccordingtoHerrDühring,therefore,Marx’ssurplus-valuewouldbenothingmorethanwhat,expressedineverydaylanguage,isknownastheearningsofcapital,orprofit。LetusseewhatMarxsayshimself。Onpage195ofCapital,surplus-valueisexplainedinthefollowingwordsplacedinbracketsafterit:“Interest,Profit,Rent“。Onpage210,Marxgivesanexampleinwhichatotalsurplus-valueof£3。11。0。appearsinthedifferentformsinwhichitisdistributed:tithes,ratesandtaxes,£1。10;rent£1。80;farmer’sprofitandinterest,£1。20;
togethermakingatotalsurplus-valueof£3。11。0——Onpage542,MarxpointsoutasoneofRicardo’smainshortcomingsthathe“hasnot{……}investigatedsurplus-valueassuch,i。e。,independentlyofitsparticularforms,suchasprofit,rent,etc。”,andthathethereforelumpstogetherthelawsoftherateofsurplus-valueandthelawsoftherateofprofit;
againstthisMarxannounces:“IshallshowinBookIIIthat,withagivenrateofsurplus-value,wemayhaveanynumberofratesofprofit,andthatvariousratesofsurplus-valuemay,undergivenconditions,expressthemselvesinasinglerateofprofit。”Onpage587wefind:“Thecapitalistwhoproducessurplus-value——i。e。,whoextractsunpaidlabourdirectlyfromthelabourers,andfixesitincommodities,is,indeed,thefirstappropriator,butbynomeanstheultimateowner,ofthissurplus-value。Hehastoshareitwithcapitalists,withlandowners,etc。,whofulfilotherfunctionsinthecomplexofsocialproduction。Surplus-value,therefore,splitsupintovariousparts。Itsfragmentsfalltovariouscategoriesofpersons,andtakevariousforms,independenttheoneoftheother,suchasprofit,interest,merchants’profit,rent,etc。ItisonlyinBookIIIthatwecantakeinhandthesemodifiedformsofsurplus-value。”Andtherearemanyothersimilarpassages。
Itisimpossibletoexpressoneselfmoreclearly。OneachoccasionMarxcallsattentiontothefactthathissurplus-valuemustnotbeconfoundedwithprofitortheearningsofcapital;thatthislatterisratherasubformandfrequentlyevenonlyafragmentofsurplus-value。AndifinspiteofthisHerrDühringassertsthatMarxiansurplus-value,“expressedineverydaylanguage,istheearningsofcapital“;andifitisanactualfactthatthewholeofMarx’sbookturnsonsurplus-value——thenthereareonlytwopossibilities:EitherHerrDühringdoesnotknowanybetter,andthenitisanunparalleledactofimpudencetodecryabookofwhosemaincontentheisignorant;orheknowswhatitisallabout,andinthatcasehehascommittedadeliberateactoffalsification。
Toproceed:
“ThevenomoushatredwithwhichHerrMarxpresentsthisconceptionofthebusinessofextortionisonlytoounderstandable。Butevenmightierwrathandevenfullerrecognitionoftheexploitativecharacteroftheeconomicformwhichisbasedonwage-labourispossiblewithoutacceptingthetheoreticalpositionexpressedinMarx’sdoctrineofsurplus-value“
{D。K。G。501}。
Thewell-meantbuterroneoustheoreticalpositiontakenupbyMarxstirsinhimavenomoushatredagainstthebusinessofextortion;butinconsequenceofhisfalse“theoreticalposition“theemotion,initselfethical,receivesanunethicalexpression,manifestingitselfinignoblehatredandlowvenomousness,whilethedefinitiveandmoststrictlyscientifictreatment{498}byHerrDühringexpressesitselfinethicalemotionofacorrespondinglynoblenature,inwrathwhicheveninformisethicallysuperiorandinvenomoushatredisalsoquantitativelysuperior,isamightierwrath。WhileHerrDühringisgleefullyadmiringhimselfinthisway,letusseewherethismightierwrathstemsfrom。
Wereadon:“Nowthequestionarises,howthecompetingentrepreneursareableconstantlytorealisethefullproductoflabour,includingthesurplus-product,atapricesofarabovethenaturaloutlaysofproductionasisindicatedbytheratio,alreadymentioned,ofthesurpluslabour-hours。
NoanswertothisistobefoundinMarx’stheory,andforthesimplereasonthattherecouldbenoplaceinitforevenraisingthatquestion。Theluxurycharacterofproductionbasedonhiredlabourisnotseriouslydealtwithatall,andthesocialconstitutionwithitsexploitatoryfeaturesisinnowayrecognisedastheultimatebasisofwhiteslavery。Onthecontrary,politicalandsocialmattersarealwaystobeexplainedbyeconomics“
{501}。
NowwehaveseenfromtheabovepassagesthatMarxdoesnotatallassertthattheindustrialcapitalist,whofirstappropriatesthesurplus-product,sellsitregardlessofcircumstancesontheaverageatitsfullvalue,asishereassumedbyHerrDühring。Marxsaysexpresslythatmerchants’
profitalsoformsapartofsurplus-value,andontheassumptionsmadethisisonlypossiblewhenthemanufacturersellshisproducttothemerchantbelowitsvalue,andthusrelinquishestohimapartofthebooty。
Thewaythequestionisputhere,thereclearlycouldbenoplaceinMarxforevenraisingit。Statedinarationalway,thequestionis:Howissurplus-valuetransformedintoitssubforms:profit,interest,merchants’
profit,landrent,andsoforth?AndMarx,tobesure,promisestosettlethisquestioninthethirdbook。ButifHerrDühringcannotwaituntilthesecondvolumeofCapital[88]appearsheshouldinthemeantimetakeacloserlookatthefirstvolume。Inadditiontothepassagesalreadyquoted,hewouldthensee,forexampleonp。323,thataccordingtoMarxtheimmanentlawsofcapitalistproductionassertthemselvesintheexternalmovementsofindividualmassesofcapitalascoercivelawsofcompetition,andinthisformarebroughthometothemindandconsciousnessoftheindividualcapitalistasthedirectingmotivesofhisoperationsthatthereforeascientificanalysisofcompetitionisnotpossiblebeforewehaveaconceptionoftheinnernatureofcapital,justastheapparentmotionsoftheheavenlybodiesarenotintelligibletoanybuthimwhoisacquaintedwiththeirrealmotions,whicharenotdirectlyperceptiblebythesensese;andthenMarxgivesanexampletoshowhowinadefinitecase,adefinitelaw,thelawofvalue,manifestsitselfandexercisesitsmotivepowerincompetition。HerrDühringmightseefromthisalonethatcompetitionplaysaleadingpartinthedistributionofsurplus-value,andwithsomereflectiontheindicationsgiveninthefirstvolumeareinfactenoughtomakeclear,atleastinitsmainfeatures,thetransformationofsurplus-valueintoitssubforms。
ButcompetitionispreciselywhatabsolutelypreventsHerrDühringfromunderstandingtheprocess。Hecannotcomprehendhowthecompetingentrepreneursareableconstantlytorealisethefullproductoflabour,includingthesurplus-product,atpricessofarabovethenaturaloutlaysofproduction。Hereagainwefindhiscustomary“strictness“{D。C。95}
ofexpression,whichinfactissimplyslovenliness。InMarx,thesurplus-productassuchhasabsolutelynooutlaysofproduction;itisthepartoftheproductwhichcostsnothingtothecapitalist。
Ifthereforethecompetingentrepreneursdesiredtorealisethesurplus-productatitsnaturaloutlaysofproduction,theywouldhavesimplytogiveitaway。Butdonotletuswastetimeonsuch“micrologicaldetails“
{D。K。G。507}。Arenotthecompetingentrepreneurseverydaysellingtheproductoflabouraboveitsnaturaloutlaysofproduction?AccordingtoHerrDühring,thenaturaloutlaysofproductionconsist“intheexpenditureoflabourorenergy,andthisinturn,inthelastanalysis,canbemeasuredbytheexpenditureoffood“{D。C。274};
thatis,inpresent-daysociety,thesecostsconsistintheoutlaysreallyexpendedonrawmaterials,meansoflabour,andwages,asdistinguishedfromthe“tax“{D。C。135},theprofit,thesurchargeleviedswordinhand{23}。Moweveryoneknowsthatinthesocietyinwhichwelivethecompetingentrepreneursdonotrealisetheircommoditiesatthenaturaloutlaysofproduction,butthattheyaddontothese——andasarulealsoreceive——theso-calledsurcharge,theprofit。ThequestionwhichHerrDühringthinkshehasonlytoraisetoblowdownthewholeMarxianstructure——
asJoshuaonceblewdownthewallsofJericho[89]——thisquestionalsoexistsforHerrDühring’seconomictheory。Letusseehowheanswersit。
“Capitalownership。”hesays,“hasnopracticalmeaning,andcannotberealised,unlessindirectforceagainsthumanmaterialissimultaneouslyincorporatedinit。Theproductofthisforceisearningsofcapital,andthemagnitudeofthelatterwillthereforedependontherangeandintensityinwhichthispowerisexercised{179}……Earningsofcapitalareapoliticalandsocialinstitutionwhichexertsamorepowerfulinfluencethancompetition。Inrelationtothisthecapitalistsactasasocialestate,andeachoneofthemmaintainshisposition。Acertainmeasureofearningsofcapitalisanecessityundertheprevailingmodeofeconomy“{180}。
Unfortunatelyevennowwedonotknowhowthecompetingentrepreneursareableconstantlytorealisetheproductoflabourabovethenaturaloutlaysofproduction。ItcannotbethatHerrDühringthinkssolittleofhispublicastofobitoffwiththephrasethatearningsofcapitalareabovecompetition,justastheKingofPrussiawasabovethelaw。[90]WeknowthemanoeuvresbywhichtheKingofPrussiaattainedhispositionabovethelaw;themanoeuvresbywhichtheearningsofcapitalsucceedinbeingmorepowerfulthancompetitionarepreciselywhatHerrDühringshouldexplaintous,butwhatheobstinatelyrefusestoexplain。Anditisofnoavail,if,ashetellsus,thecapitalistsactinthisconnectionasanestate,andeachoneofthemmaintainshisposition。Wesurelycannotbeexpectedtotakehiswordforitthatanumberofpeopleonlyneedtoactasanestateforeachoneofthemtomaintainhisposition。EveryoneknowsthattheguildsmenoftheMiddleAgesandtheFrenchnoblesin1789
actedverydefinitelyasestatesandperishednevertheless。ThePrussianarmyatJena[91]alsoactedasanestate,butinsteadofmaintainingtheirpositiontheyhadonthecontrarytotaketotheirheelsandafterwardseventocapitulateinsections。Justaslittlecanwebesatisfiedwiththeassurancethatacertainmeasureofearningsofcapitalisanecessityundertheprevailingmodeofeconomy;forthepointtobeprovedispreciselywhythisisso。WedonotgetastepnearertothegoalwhenHerrDühringinformsus:
“Thedominationofcapitalaroseincloseconnectionwiththedominationofland。Partoftheagriculturalserfsweretransformedinthetownsintocraftsmenandultimatelyintofactorymaterial。Aftertherentofland,earningsofcapitaldevelopedasasecondformofrentofpossession“{176}。
Evenifweignorethehistoricalinexactitudeofthisassertion,itneverthelessremainsamereassertion,andisrestrictedtoassuringusoverandoveragainofpreciselywhatshouldbeexplainedandproved。WecanthereforecometonootherconclusionthanthatHerrDühringisincapableofansweringhisownquestion:howthecompetingentrepreneursareableconstantlytorealisetheproductoflabourabovethenaturaloutlaysofproduction;
thatistosay,heisincapableofexplainingthegenesisofprofit。Hecanonlybluntlydecree:earningsofcapitalshallbetheproductofforce——which,trueenough,iscompletelyinaccordancewithArticle2oftheDühringianconstitutionofsociety:Forcedistributes。Thisiscertainlyexpressedverynicely;butnow“thequestionarises“{D。K。G。501}:Forcedistributes——what?Surelytheremustbesomethingtodistribute,oreventhemostomnipotentforce,withthebestwillintheworld,candistributenothing。Theearningspocketedbythecompetingcapitalistsaresomethingverytangibleandsolid。Forcecanseizethem,butcannotproducethem。AndifHerrDühringobstinatelyrefusestoexplaintoushowforceseizestheearningsofcapitalists,thequestionofwhenceforcetakesthemhemeetsonlywithsilence,thesilenceofthegrave。
Wherethereisnothing,theking,likeanyotherforce,loseshisrights。
Outofnothingcomesnothing,andcertainlynotprofit。Ifcapitalownershiphasnopracticalmeaning,andcannotberealised,unlessindirectforceagainsthumanmaterialissimultaneouslyembodiedinit,thenonceagainthequestionarises,first,howcapital-wealthgotthisforce——aquestionwhichisnotsettledintheleastbythecoupleofhistoricalassertionscitedabove;secondly,howthisforceistransformedintoanaccessionofcapitalvalue,intoprofit;andthirdly,whereitobtainsthisprofit。
FromwhateversideweapproachDühringianeconomics,wedonotgetonestepfurther。Foreveryobnoxiousphenomenon——profit,landrent,starvationwages,theenslavementoftheworkers——hehasonlyonewordofexplanation:force,andeveragainforce,andHerrDühring’s“mightierwrath“{501}finallyresolvesitselfintowrathatforce。Wehaveseen,first,thatthisinvocationofforceisalamesubterfuge,arelegationoftheproblemfromthesphereofeconomicstothatofpolitics,whichisunabletoexplainasingleeconomicfact;andsecondly,thatitleavesunexplainedtheoriginofforceitself——andveryprudentlyso,forotherwiseitwouldhavetocometotheconclusionthatallsocialpowerandallpoliticalforcehavetheirsourceineconomicpreconditions,inthemodeofproductionandexchangehistoricallygivenforeachsocietyateachperiod。
Butletusseewhetherwecannotwrestfromtheinexorablebuilderof“deeperfoundations“{seeD。C。11}ofpoliticaleconomysomefurtherdisclosuresaboutprofit。Perhapsweshallmeetwithsuccessifweapplyourselvestohistreatmentofwages。Onpage158wefind:
“Wagesarethehirepaidforthemaintenanceoflabour-power,andareatfirsttakenintoconsiderationonlyasabasisfortherentoflandandearningsofcapital。Inordertogetabsoluteclarityastotherelationshipsobtaininginthisfield,onemustconceivetherentofland,andsubsequentlyalsoearningsofcapital,firsthistorically,withoutwages,thatistosay,onthebasisofslaveryorserfdom……Whetheritisaslaveoraserf,orawage-labourerwhohastobemaintained,onlygivesrisetoadifferenceinthemodeofchargingthecostsofproduction。Ineverycasethenetproceedsobtainedbytheutilisationoflabour-powerconstitutetheincomeofthemaster……Itcanthereforebeseenthat……thechiefantithesis,byvirtueofwhichthereexistsontheonehandsomeformofrentofpossessionandontheotherhandpropertylesshiredlabour,isnottobefoundexclusivelyinoneofitsmembers,butalwaysonlyinbothatthesametime。”
Rentofpossession,however,aswelearnonpage188,isaphrasewhichcoversbothlandrentandearningsofcapital。Further,wefindonpage174:
“Thecharacteristicfeatureofearningsofcapitalisthattheyareanappropriationofthemostimportantpartoftheproceedsoflabour-power。Theycannotbeconceivedexceptincorrelationwithsomeformofdirectlyorindirectlysubjectedlabour。”
Andonpage183:
Wages“areinallcircumstancesnothingmorethanthehirebymeansofwhich,generallyspeaking,thelabourer’smaintenanceandpossibilityofprocreationmustbeassured“。
Andfinally,onpage195:
“Theportionthatfallstorentofpossessionmustbelosttowages,andviceversa,theportionofthegeneralproductivecapacity“(!)“thatreacheslabourmustnecessarilybetakenfromtherevenuesofpossession。”
HerrDühringleadsusfromonesurprisetoanother。Inhistheoryofvalueandthefollowingchaptersuptoandincludingthetheoryofcompetition,thatis,frompage1topage155,thepricesofcommoditiesorvaluesweredivided,first,intonaturaloutlaysofproductionortheproductionvalue,i。e。,theoutlaysonrawmaterials,instrumentsoflabourandwages;andsecondly,intothesurchargeordistributionvalue{27},thattributeleviedswordinhand{23}forthebenefitofthemonopolistclass——asurchargewhich,aswehaveseen,couldnotinrealitymakeanychangeinthedistributionofwealth,forwhatittookwithonehanditwouldhavetogivebackwiththeother,andwhich,besides,insofarasHerrDühringenlightensusastoitsoriginandnature,aroseoutofnothingandthereforeconsistsofnothing。Inthetwosucceedingchapters,whichdealwiththekindsofrevenue,thatis,frompage156to217,thereisnofurthermentionofthesurcharge。Insteadofthis,thevalueofeveryproductoflabour,thatis,ofeverycommodity,isnowdividedintothetwofollowingportions:
first,theproductioncosts,inwhichthewagespaidareincluded;andsecondly,the“netproceedsobtainedbytheutilisationoflabour-power“,whichconstitutethemaster’sincome。Andthesenetproceedshaveaverywell-knownphysiognomy,whichnotattooingandnohouse-painter’sartcanconceal。“Inordertogetabsoluteclarityastotherelationshipsobtaininginthisfield“{158},letthereaderimaginethepassagesjustcitedfromHerrDühringprintedoppositethepassagespreviouslycitedfromMarx,dealingwithsurplus-labour,surplus-productandsurplus-value,andhewillfindthatHerrDühringishere,thoughinhisownstyle,directlycopyingfromCapital。
Surplus-labour,inanyform,whetherofslavery,serfdomorwage-labour,isrecognisedbyHerrDühringasthesourceoftherevenuesofallrulingclassesuptonow;thisistakenfromthemuch-quotedpassageinCapital,p。227:Capitalhasnotinventedsurplus-labour,andsoon——Andthe“netproceeds“whichconstitute“theincomeofthemaster“——
whatisthatbutthesurplusofthelabourproductoverandabovethewages,which,eveninHerrDühring,inspiteofhisquitesuperfluousdisguiseofitintheterm“hire“,mustassure,generallyspeaking,thelabourer’smaintenanceandpossibilityofprocreation?Howcanthe“appropriationofthemostimportantpartoftheproceedsoflabour-power“{174}becarriedoutexceptbythecapitalist,asMarxshows,extortingfromthelabourermorelabourthanisnecessaryforthereproductionofthemeansofsubsistenceconsumedbythelatter;thatistosay,bythecapitalistmakingthelabourerworkalongertimethanisnecessaryforthereplacementofthevalueofthewagespaidtothelabourer?Thustheprolongationoftheworking-daybeyondthetimenecessaryforthereproductionofthelabourer’smeansofsubsistence——Marx’ssurplus-labour——this,andnothingbutthis,iswhatisconcealedbehindHerrDühring’s“utilisationoflabour-power“;
andhis“netproceeds“{158}fallingtothemaster——howcantheymanifestthemselvesotherwisethanintheMarxiansurplus-productandsurplus-value?
Andwhat,apartfromitsinexactformulation,istheretodistinguishtheDühringianrentofpossessionfromtheMarxiansurplus-value?Fortherest,HerrDühringhastakenthename“rentofpossession“[“Besitzrente“]
fromRodbertus,whoincludedboththerentoflandandtherentofcapital,orearningsofcapital,undertheonetermrent,sothatHerrDühringhadonlytoadd“possession“toit。*6Andsothatnodoubtmaybeleftofhisplagiarism,HerrDühringsumsup,inhisownway,thelawsofthechangesofmagnitudeinthepriceoflabour-powerandinsurplus-valuewhicharedevelopedbyMarxinChapterXV(page539,etseqq。,ofCapital),anddoesitinsuchamannerthatwhatfallstotherentofpossessionmustbelosttowages,andviceversa,therebyreducingcertainMarxianlaws,sorichincontent,toatautologywithoutcontent——foritisself-evidentthatofagivenmagnitudefallingintotwoparts,onepartcannotincreaseunlesstheotherdecreases。AndsoHerrDühringhassucceededinappropriatingtheideasofMarxinsuchawaythatthe“definitiveandmoststrictlyscientifictreatmentinthesenseoftheexactdisciplines“{D。K。G。498}——whichiscertainlypresentinMarx’sexposition——iscompletelylost。
WethereforecannotavoidtheconclusionthatthestrangecommotionwhichHerrDühringmakesintheKritischeGeschichteoverCapital,andthedustheraiseswiththefamousquestionthatcomesupinconnectionwithsurplus-value(aquestionwhichhehadbetterhaveleftunasked,inasmuchashecannotanswerithimself)——thatallthisisonlyamilitaryruse,aslymanoeuvretocoverupthegrossplagiarismofMarxcommittedintheCursusHerrDühringhadinfacteveryreasonforwarninghisreadersnottooccupythemselveswith“theintricatemazewhichHerrMarxcallsCapital“{D。K。G。497},withthebastardsofhistoricalandlogicalfantasy,theconfusedandhazyHegeliannotionsandjugglery{498},etc。TheVenusagainstwhomthisfaithfulEckartwarnstheGermanyouthhadbeentakenbyhimstealthilyfromtheMarxianpreservesandbroughttoasafeplaceforhisownuse。WemustcongratulatehimonthesenetproceedsderivedfromtheutilisationofMarx’slabour-power,andonthepeculiarlightthrownbyhisannexationofMarxiansurplus-valueunderthenameofrentofpossessiononthemotivesforhisobstinate(repeatedintwoeditions)andfalseassertionthatbythetermsurplus-valueMarxmeantonlyprofitorearningsofcapital。
AndsowehavetoportrayHerrDühring’sachievementsinHerrDühring’sownwordsasfollows:
“InHerr“Dühring’s“viewwagesrepresentonlythepaymentofthatlabour-timeduringwhichthelabourerisactuallyworkingtomakehisownexistencepossible。Butonlyasmallnumberofhoursisrequiredforthispurpose;alltherestoftheworking-day,oftensoprolonged,yieldsasurplusinwhichiscontainedwhatourauthorcalls“{500}——
rentofpossession。“Ifweleaveoutofaccountthelabour-timewhichateachstageofproductionisalreadycontainedintheinstrumentsoflabourandinthepertinentrawmaterial,thissurpluspartoftheworking-dayisthesharewhichfallstothecapitalistentrepreneur。Theprolongationoftheworking-dayisconsequentlyearningsofpureextortionforthebenefitofthecapitalist。ThevenomoushatredwithwhichHerr“Dühring“presentsthisconceptionofthebusinessofexploitationisonlytoounderstandable“
{501}……
Butwhatislessunderstandableishowhewillnowarriveoncemoreathis“mightierwrath“{501}。
IX。
NATURALLAWSOFTHEECONOMY。
RENTOFLANDTUptothispointwehavebeenunable,despiteoursincerestefforts,todiscoverhowHerrDühring,inthedomainofeconomics,can“comeforwardwiththeclaimtoanewsystemwhichisnotmerelyadequatefortheepochbutauthoritativefortheepoch“{D。K。G。
1}。
However,whatwehavenotbeenabletodiscerninhistheoryofforceandhisdoctrineofvalueandofcapital,mayperhapsbecomeasclearasdaylighttouswhenweconsiderthe“natural,lawsofnationaleconomy“{D。C。4}
putforwardbyHerrDühring。For,asheputsitwithhisusualoriginalityandinhistrenchantway,“thetriumphofthehigherscientificmethodconsistsinpassingbeyondthemeredescriptionandclassificationofapparentlystaticmatterandattaininglivingintuitionswhichilluminethegenesisofthings。Knowledgeoflawsisthereforethemostperfectknowledge,foritshowsushowoneprocessisconditionedbyanother“{59}。
TheveryfirstnaturallawofanyeconomyhasbeenspeciallydiscoveredbyHerrDühring。
AdamSmith,“curiouslyenough,notonlydidnotbringouttheleadingpartplayedbythemostimportantfactorinalleconomicdevelopment,butevencompletelyfailedtogiveitdistinctiveformulation,andthusunintentionallyreducedtoasubordinaterolethepowerwhichplaceditsstamponthedevelopmentofmodernEurope“{64}。This“fundamentallaw,towhichtheleadingrolemustbeassigned,isthatofthetechnicalequipment,onemightevensayarmament,ofthenaturaleconomicenergyofman“{63}。
This“fundamentallaw“{66}discoveredbyHerrDühringreadsasfollows:
LawNo。1。“Theproductivityoftheeconomicinstruments,naturalresourcesandhumanenergyisincreasedbyinventionsanddiscoveries“
{65}。
Weareovercomewithastonishment。HerrDühringtreatsusasMolière’snewlybakednoblemanistreatedbythewagwhoannouncestohimthenewsthatallthroughhislifehehasbeenspeakingprosewithoutknowingit。
Thatinagoodmanycasestheproductivepoweroflabourisincreasedbyinventionsanddiscoveries(butalsothatinverymanycasesitisnotincreased,asisprovedbythemassofwaste-paperinthearchivesofeverypatentofficeintheworld)weknewlongago;butweowetoHerrDühringtheenlighteninginformationthatthisbanality,whichisasoldasthehills,isthefundamentallawofalleconomics。If“thetriumphofthehigherscientificmethod“ineconomics,asinphilosophy,consistsonlyingivingahigh-soundingnametothefirstcommonplacethatcomestoone’smind,andtrumpetingitforthasanaturallaworevenafundamentallaw,thenitbecomespossibleforanybody,eventheeditorsoftheBerlinVolks-Zeitung,tolay“deeperfoundations“{11}andtorevolutionisescience。Weshouldthen“inallrigour“{9,95}beforcedtoapplytoHerrDühringhimselfHerrDühring’sjudgmentonPlato:
“Ifhoweverthatissupposedtobepolitical-economicwisdom,thentheauthorof“thecriticalfoundations“sharesitwitheverypersonwhoeverhadoccasiontoconceiveanidea“orevenonlytobabble“aboutanythingthatwasobviousonthefaceofit“{D。K。G。20}。
If,forexample,wesayanimalseat,wearesayingquitecalmly,inourinnocence,somethingofgreatimport;forweonlyhavetosaythateatingisthefundamentallawofallanimallife,andwehaverevolutionisedthewholeofzoology。
LawNo。2。DivisionofLabour:“Thecleavingoftradesandthedissectionofactivitiesraisestheproductivityoflabour“{D。C。73}。
Insofarasthisistrue,italsohasbeenacommonplacesinceAdamSmith。HowfaritistruewillbeshowninPartIII。
LawNo。3。“Distanceandtransportarethechiefcauseswhichhinderorfacilitatetheco-operationoftheproductiveforces“{91}。
LawNo。4。“Theindustrialstatehasanincomparablygreaterpopulationcapacitythantheagriculturalstate“{107}。
LawNo。5。“Intheeconomynothingtakesplacewithoutamaterialinterest“{126}。
Thesearethe“naturallaws“{4,5}onwhichHerrDühringfoundshisneweconomics。Heremainsfaithfultohismethod,alreadydemonstratedinthesectiononPhilosophy。Ineconomicstooafewself-evidentstatementsoftheutmostbanality——moreoverquiteoftenveryineptlyexpressed——
formtheaxiomswhichneednoproof,thefundamentaltheorems,thenaturallaws。Underthepretextofdevelopingthecontentoftheselaws,whichhavenocontent,heseizestheopportunitytopouroutawordystreamofeconomictwaddleonthevariousthemeswhosenamesoccurinthesepretendedlaws——inventions,divisionoflabour,meansoftransport,population,interests,competition,andsoforth——averbaloutpouringwhoseflatcommonplacesareseasonedonlywithoraculargrandiloquence,andhereandtherewithineptformulationsorpretentioushair-splittingoverallkindsofcasuisticalsubtleties。Thenfinallywereachrentofland,earningsofcapital,andwages,andaswehavedealtwithonlythetwolatterformsofappropriationintheprecedingexposition,weproposenowinconclusiontomakeabriefexaminationoftheDühringianconceptionofrent。
IndoingthisweshallnotconsiderthosepointswhichHerrDühringhasmerelycopiedfromhispredecessorCarey;wearenotconcernedwithCarey,norwithdefendingRicardo’sviewsonrentoflandagainstCarey’sdistortionsandstupidities。WeareonlyconcernedwithHerrDühring,andhedefinesrentas“thatincomewhichtheproprietorassuchdrawsfromtheland“
{D。C。156}。
Theeconomicconceptofrentofland,whichiswhatHerrDühringistoexplain,isstraightawaytransferredbyhimintothejuridicalsphere,sothatwearenowiserthanwewerebefore。Ourconstructorofdeeperfoundationsmusttherefore,whetherhelikesitornot,condescendtogivesomefurtherexplanation。Hecomparestheleaseofafarmtoatenantwiththeloanofcapitaltoanentrepreneur,butsoonfindsthatthereisahitchinthecomparison,likeinmanyothers。
For,hesays,“ifonewantedtopresstheanalogyfurther,theearningslefttothetenantafterpaymentofrentmustcorrespondtothebalanceofearningsofcapitalleftwiththeentrepreneurwhoputsthecapitaltouseafterhehaspaidinterest。Butitisnotcustomarytoregardtenants’earningsasthemainincomeandrentasabalance……Aproofofthisdifferenceofconceptionisthefactthatinthetheoryoflandrentthecaseofmanagementoflandbytheownerisnotseparatelytreated,andnospecialemphasisislaidonthedifferencebetweentheamountofrentinthecaseofaleaseandwheretheownerproducestherenthimself。Atanyratenoonehasfounditnecessarytoconceivetherentresultingfromsuchself-managementoflandasdividedinsuchawaythatoneportionrepresentsasitweretheinterestonthelandedpropertyandtheotherportionthesurplusearningsofenterprise。Apartfromthetenant’sowncapitalwhichhebringsintothebusiness,itwouldseemthathisspecificearningsaremostlyregardedasakindofwages。Itishoweverhazardoustoassertanythingonthissubject,asthequestionhasneverbeenraisedinthisdefiniteform。Whereverwearedealingwithfairlylargefarmsitcaneasilybeseenthatitwillnotdototreatwhatarespecificallythefarmer’searningsaswages。Fortheseearningsarethemselvesbasedontheantithesisexistinginrelationtotherurallabour-power,throughwhoseexploitationthatformofincomeisalonemadepossible。Itisclearlyapartoftherentwhichremainsinthehandsofthetenantandbywhichthefullrent,whichtheownermanaginghimselfwouldobtain,isreduced“{157-58}。
ThetheoryoflandrentisapartofpoliticaleconomywhichisspecificallyEnglish,andnecessarilyso,becauseitwasonlyinEnglandthatthereexistedamodeofproductionunderwhichrenthadinfactbeenseparatedfromprofitandinterest。InEngland,asiswellknown,largelandedestatesandlarge-scaleagriculturepredominate。Thelandlordsleasetheirlandinlarge,oftenverylarge,farms,totenant-farmerswhopossesssufficientcapitaltoworkthemand,unlikeourpeasants,donotworkthemselvesbutemploythelabourofhandsandday-labourersonthelinesoffull-fledgedcapitalistentrepreneurs。Here,therefore,wehavethethreeclassesofbourgeoissocietyandtheformofincomepeculiartoeach:thelandlord,drawingrentofland;thecapitalist,drawingprofit;andthelabourer,drawingwages。IthasneveroccurredtoanyEnglisheconomisttoregardthefarmer’searningsasakindofwages,asseemstoHerrDühringtobethecase;evenlesscoulditbehazardousforsuchaneconomisttoassertthatthefarmer’sprofitiswhatitindisputably,obviouslyandtangiblyis,namely,profitoncapital。Itisperfectlyridiculoustosaythatthequestionofwhatthefarmer’searningsactuallyarehasneverbeenraisedinthisdefiniteform。InEnglandtherehasneverbeenanynecessityeventoraisethisquestion;bothquestionandanswerhavelongbeenavailable,derivedfromthefactsthemselves,andsinceAdamSmiththerehasneverbeenanydoubtaboutthem。
Thecaseofself-management,asHerrDühringcallsit——
orrather,themanagementoffarmsbybailiffsforthelandowner’saccount,ashappensmostfrequentlyinGermany——doesnotalterthematter。Ifthelandowneralsoprovidesthecapitalandhasthefarmrunforhisownaccount,hepocketstheprofitoncapitalinadditiontotherent,asisself-understoodandcannotbeotherwiseonthebasisoftheexistingmodeofproduction。AndifHerrDühringassertsthatuptonownoonehasfounditnecessarytoconceivetherent(heshouldsayrevenue)resultingfromtheowner’sownmanagementasdividedintoparts,thisissimplyuntrue,andatbestonlyproveshisownignoranceonceagain。Forexample:
“Therevenuederivedfromlabouriscalledwages。Thatderivedfromstock,bythepersonwhomanagesoremploysit,iscalledprofit……Therevenuewhichproceedsaltogetherfromland,iscalledrent,andbelongstothelandlord……Whenthosethreedifferentsortsofrevenuebelongtodifferentpersonstheyarereadilydistinguished;butwhentheybelongtothesametheyaresometimesconfoundedwithoneanother,atleastincommonlanguage。Agentlemanwhofarmsapartofhisownestate,afterpayingtheexpenseofcultivation,shouldgainboththerentofthelandlordandtheprofitofthefarmer。Heisapttodenominate,however,hiswholegain,profit,andthusconfoundsrentwithprofit,atleastincommonlanguage。ThegreaterpartofourNorthAmericanandWestIndianplantersareinthissituation。Theyfarm,thegreaterpartofthem,theirownestates,andaccordinglyweseldomhearoftherentofaplantation,butfrequentlyofitsprofit……Agardenerwhocultivateshisowngardenwithhisownhands,unitesinhisownpersonthethreedifferentcharacters,oflandlord,farmer,andlabourer。Hisproduce,therefore,shouldpayhimtherentofthefirst,theprofitofthesecond,andthewagesofthethird。
Thewhole,however,iscommonlyconsideredastheearningsofhislabour。
Bothrentandprofitare,inthiscase,confoundedwithwages。”
ThispassageisfromthesixthchapterofBookIofAdamSmith。
Thecaseofself-managementwasthereforeinvestigatedahundredyearsago,andthedoubtsanduncertaintieswhichsoworryHerrDühringinthisconnectionaremerelyduetohisownignorance。
Heeventuallyescapesfromhisquandarybyanaudacioustrick:
Thefarmer’searningscomefromtheexploitationofthe“rurallabour-power“
andarethereforeobviouslya“partoftherent“bywhichthe“fullrent“,whichreallyshouldflowintothelandowner’spocket,“isreduced“。
Fromthiswelearntwothings。Firstly,thatthefarmer“reduces“therentofthelandowner,sothat,accordingtoHerrDühring,itisnot,aswasconsideredhitherto,thefarmerwhopaysrenttothelandowner,butthelandownerwhopaysrenttothefarmer——certainlya“fromthegrounduporiginalview“{D。Ph。525}。Andsecondly,welearnatlastwhatHerrDühringthinksrentoflandis:namely,thewholesurplus-productobtainedinfarmingbytheexploitationofrurallabour。
Butasthissurplus-productinalleconomicshitherto——saveperhapsfortheworkofafewvulgareconomists——hasbeendividedintolandrentandprofitoncapital,wearecompelledtonotethatHerrDühring’sviewofrentalsois“nottheacceptedone“{D。K。G。497}。
AccordingtoHerrDühring,therefore,theonlydifferencebetweenrentoflandandearningsofcapitalisthattheformerisobtainedinagricultureandthelatterinindustryorcommerce。AnditwasofnecessitythatHerrDühringarrivedatsuchanuncriticalandconfusedviewofthematter。Wesawthathisstarting-pointwasthe“reallyhistoricalconception“,thatdominationoverthelandcouldbebasedonlyondominationoverman。Assoon,therefore,aslandiscultivatedbymeansofanyformofsubjugatedlabour,asurplusforthelandlordarises,andthissurplusistherent,justasinindustrythesurplus-labourproductbeyondwhatthelabourerearnsistheprofitoncapital。
“Thusitisclearthatlandrentexistsonaconsiderablescalewhereverandwheneveragricultureiscarriedonbymeansofanyoftheformsofsubjugationoflabour“{D。C。162}。
Inthispresentationofrentasthewholesurplus-productobtainedinagriculture,HerrDühringcomesupagainstbothEnglishfarmer’sprofitandthedivision,basedonEnglishfarmingandrecognisedbyallclassicalpoliticaleconomy,ofthatsurplus-productintorentoflandandfarmer’sprofit,andhenceagainstthepure,preciseconceptionofrent。WhatdoesHerrDühringdo?Hepretendsnottohavetheslightestinklingofthedivisionofthesurplus-productofagricultureintofarmer’sprofitandrent,andthereforeofthewholerenttheoryofclassicalpoliticaleconomy;hepretendsthatthequestionofwhatfarmer’sprofitreallyishasneveryetbeenraised“inthisdefiniteform“{157},thatatissueisasubjectwhichhasneveryetbeeninvestigatedandaboutwhichthereisnoknowledgebutonlyillusionanduncertainty。AndhefleesfromfatalEngland——where,withouttheinterventionofanytheoreticalschool,thesurplus-productofagricultureissoremorselesslydividedintoitselements:
rentoflandandprofitoncapital——tothecountrysobelovedbyhim,wherethePrussianlawexercisesdominion,whereself-managementisinfullpatriarchalbloom,where“thelandlordunderstandsbyrenttheincomefromhisplotsofland“andtheJunkers’viewsonrentstillclaimtobeauthoritativeforscience——wherethereforeHerrDühringcanstillhopetoslipthroughwithhisconfusedideasofrentandprofitandeventofindcredenceforhislatestdiscovery:thatrentoflandispaidnotbythefarmertothelandlordbutbythelandlordtothefarmer。
X。
FROMKRITISCHEGESCHICHTE
[92]Finally,letustakeaglanceattheKritischeGeschichtederNationalökonomie,at“thatenterprise“ofHerrDühring’swhich,ashesays,“isabsolutelywithoutprecedent“{9}。
Itmaybethathereatlastweshallfindthedefinitiveandmoststrictlyscientifictreatmentwhichhehassooftenpromisedus。
HerrDühringmakesagreatdealofnoiseoverhisdiscoverythat“economicscience“is“anenormouslymodernphenomenon“(p。12)。
Infact,MarxsaysinCapital:“Politicaleconomy……asanindependentscience,firstsprangintobeingduringtheperiodofmanufacture“;andinZurKritikderpolitischenOekonomie,page29,that“classicalpoliticaleconomy……datesfromWilliamPettyinEnglandandBoisguillebertinFrance,andcloseswithRicardointheformercountryandSismondiinthelatter“。HerrDühringfollowsthepaththuslaiddownforhim,exceptthatinhisviewhighereconomicsbeginsonlywiththewretchedabortionsbroughtintoexistencebybourgeoisscienceafterthecloseofitsclassicalperiod。Ontheotherhand,heisfullyjustifiedintriumphantlyproclaimingattheendofhisintroduction:
“Butifthisenterprise,initsexternallyappreciablepeculiaritiesandinthemorenovelportionofitscontent,isabsolutelywithoutprecedent,initsinnercriticalapproachesanditsgeneralstandpoint,itisevenmorepeculiarlymine“(p。9)。
Itisafactthat,onthebasisofbothitsexternalanditsinternalfeatures,hemightverywellhaveannouncedhis“enterprise“(theindustrialtermisnotbadlychosen)as:TheEgoandHisOwn。
Sincepoliticaleconomy,asitmadeitsappearanceinhistory,isinfactnothingbutthescientificinsightintotheeconomyintheperiodofcapitalistproduction,principlesandtheoremsrelatingtoit,forexample,inthewritersofancientGreeksociety,canonlybefoundinsofarascertainphenomena——commodityproduction,trade,money,interest-bearingcapital,etc——arecommontobothsocieties。InsofarastheGreeksmakeoccasionalexcursionsintothissphere,theyshowthesamegeniusandoriginalityasinallotherspheres。Becauseofthis,theirviewsform,historically,thetheoreticalstarting-pointsofthemodernscience。Letusnowlistentowhattheworld-historicHerrDühringhastosay。
“Wehave,strictlyspeaking,really“(!)“absolutelynothingpositivetoreportofantiquityconcerningscientificeconomictheory,andthecompletelyunscientificMiddleAgesgivestilllessoccasionforthis“(forthis——
forreportingnothing!)。“Ashoweverthefashionofvaingloriouslydisplayingasemblanceoferudition……hasdefacedthetruecharacterofmodernscience,noticemustbetakenofatleastafewexamples“{17}。
AndHerrDühringthenproducesexamplesofacriticismwhichisintruthfreefromeventhe“semblanceoferudition“。
Aristotle’sthesis,that“twofoldistheuseofeveryobject……Theoneispeculiartotheobjectassuch,theotherisnot,asasandalwhichmaybeworn,andisalsoexchangeable。
Bothareusesofthesandal,forevenhewhoexchangesthesandalforthemoneyorfoodheisinwantof,makesuseofthesandalasasandal。Butnotinitsnaturalway。Forithasnotbeenmadeforthesakeofbeingexchanged“——thisthesis,HerrDühringmaintains,is“notonlyexpressedinareallyplatitudinousandscholasticway“{18};butthosewhoseeinita“differentiationbetweenuse-valueandexchange-value“fallbesidesintothe“ridiculousframeofmind“{19}offorgettingthat“inthemostrecentperiod“and“intheframeworkofthemostadvancedsystem“——whichofcourseisHerrDühring’sownsystem——nothinghasbeenleftofuse-valueandexchange-value。
“InPlato’sworkonthestate,people……claimtohavefoundthemoderndoctrineofthenational-economicdivisionoflabour“{20}。
ThiswasapparentlymeanttorefertothepassageinCapital,Ch。
XII,5(p。369ofthethirdedition),wheretheviewsofclassicalantiquityonthedivisionoflabourareonthecontraryshowntohavebeen“inmoststrikingcontrast“withthemodernview。HerrDühringhasnothingbutsneersforPlato’spresentation——onewhich,forhistime,wasfullofgenius——ofthedivisionoflabourasthenaturalbasisofthecity(whichfortheGreekswasidenticalwiththestate);andthisonthegroundthathedidnotmention——thoughtheGreekXenophondid,HerrDühring——the“limit“
“setbythegivendimensionsofthemarkettothefurtherdifferentiationofprofessionsandthetechnicalsubdivisionofspecialoperations……Onlytheconceptionofthislimitconstitutestheknowledgewiththeaidofwhichthisidea,otherwisehardlyfittobecalledscientific,becomesamajoreconomictruth“{20}。
Itwasinfact“Professor“Roscher{14},ofwhomHerrDühringissocontemptuous,whosetupthis“limit“atwhichtheideaofthedivisionoflabourissupposedfirsttobecome“scientific“,andwhothereforeexpresslypointedtoAdamSmithasthediscovererofthelawofthedivisionoflabour。
Inasocietyinwhichcommodityproductionisthedominantformofproduction,“themarket“——toadoptHerrDühring’sstyleforonce——wasalwaysa“limit“verywellknownto“businesspeople“{18}。Butmorethan“theknowledgeandinstinctofroutine“isneededtorealisethatitwasnotthemarketthatcreatedthecapitalistdivisionoflabour,butthat,onthecontrary,itwasthedissolutionofformersocialconnections,andthedivisionoflabourresultingfromthis,thatcreatedthemarket(seeCapital,Vol。I,Ch。XXIV,5:“CreationoftheHome-MarketforIndustrialCapital“)。
“Theroleofmoneyhasatalltimesprovidedthefirstandmainstimulustoeconomic“(!)“ideas。ButwhatdidanAristotleknowofthisrole?Nomore,clearlythanwascontainedintheideathatexchangethroughthemediumofmoneyhadfollowedtheprimitiveexchangebybarter“{21}。
Butwhen“an“Aristotlepresumestodiscoverthetwodifferentformsofthecirculationofmoney——theoneinwhichitoperatesasameremediumofcirculation,andtheotherinwhichitoperatesasmoneycapital,heisthereby——accordingtoHerrDühring——“onlyexpressingamoralantipathy“
Andwhen“an“Aristotlecarrieshisaudacitysofarastoattemptananalysisofmoneyinits“role“ofameasureofvalue,andactuallystatesthisproblem,whichhassuchdecisiveimportanceforthetheoryofmoney,correctly——then“a“Dühringprefers(andforverygoodprivatereasons)
tosaynothingaboutsuchimpermissibletemerity。
Finalresult:Greekantiquity,asmirroredinthe“noticetaken“
{21}byDühring,infactpossessed“onlyquiteordinaryideas“(p。
25),ifsuch“niaiserie“(p。19)hasanythingwhateverincommonwithideas,whetherordinaryorextraordinary。
ItwouldbebettertoreadHerrDühring’schapteronmercantilism[93]inthe“original“,thatis,inF。List’sNationalesSystem,Chapter29:“TheIndustrialSystem,IncorrectlyCalledtheMercantileSystembytheSchool“。HowcarefullyHerrDühringmanagestoavoidheretooany“semblanceoferudition“{17}isshownbythefollowingpassage,amongothers:
List,Chapter28:“TheItalianPoliticalEconomists“,says:
“Italywasinadvanceofallmodernnationsbothinthepracticeandinthetheoryofpoliticaleconomy“,andthenhecites,as“thefirstworkwritteninItaly,whichdealsespeciallywithpoliticaleconomy,thebookbyAntonioSerra,ofNaples,onthewaytosecureforthekingdomsanabundanceofgoldandsilver(1613)“。
HerrDühringconfidentlyacceptsthisandisthereforeabletoregardSerra’sBrevetrattato“asakindofinscriptionattheentranceofthemorerecentprehistoryofeconomics“{34}。
HistreatmentoftheBrevetrattatoisinfactlimitedtothis“pieceofliterarybuffoonery“{506}。Unfortunately,theactualfactsofthecaseweredifferent:in1609,thatisfouryearsbeforetheBrevetrattato,ThomasMun’sADiscourseofTradeetc。,hadappeared。Theparticularsignificanceofthisbookwasthat,eveninitsfirstedition,itwasdirectedagainsttheoriginalmonetarysystemwhichwasthenstilldefendedinEnglandasbeingthepolicyofthestate;henceitrepresentedtheconsciousself-separationofthemercantilesystemfromthesystemwhichgaveitbirth。Evenintheforminwhichitfirstappearedthebookhadseveraleditionsandexercisedadirectinfluenceonlegislation。Intheeditionof1664(England’sTreasureetc。),whichhadbeencompletelyrewrittenbytheauthorandwaspublishedafterhisdeath,itcontinuedtobethemercantilistgospelforanotherhundredyears。Ifmercantilismthereforehasanepoch-makingwork“asakindofinscriptionattheentrance“,itisthisbook,andforthisveryreasonitsimplydoesnotexistforHerrDühring’s“historywhichmostcarefullyobservesthedistinctionsofrank“{133}。
OfPetty,thefounderofmodernpoliticaleconomy,HerrDühringtellsusthattherewas“afairmeasureofsuperficialityinhiswayofthinking“{54}andthat“hehadnosenseoftheintrinsicandnicerdistinctionsbetweenconcepts“
{55}……whilehepossessed“aversatilitywhichknowsagreatdealbutskipslightlyfromonethingtoanotherwithouttakingrootinanyideaofamoreprofoundcharacter“{56},……his“national-economicideasarestillverycrude“,and“heachievesnaivetés,whosecontrasts……amoreseriousthinkermaywellfindamusingattimes“{56}。
Whatinestimablecondescension,therefore,forthe“moreseriousthinker“
HerrDühringtodeigntotakeanynoticeatallof“aPetty“{60}!
Andwhatnoticedoeshetakeofhim?
Petty’spropositionson“labourandevenlabour-timeasameasureofvalue,ofwhichimperfecttracescanbefoundinhiswritings“{62}
arenotmentionedagainapartfromthissentence。Imperfecttraces!InhisTreatiseonTaxesandContributions(firstedition1662),Pettygivesaperfectlyclearandcorrectanalysisofthemagnitudeofvalueofcommodities。Inillustratingthismagnitudeattheoutsetbytheequalvalueofpreciousmetalsandcornonwhichthesamequantityoflabourhasbeenexpended,hesaysthefirstandthelast“theoretical“wordonthevalueofthepreciousmetals。Buthealsolaysitdowninadefiniteandgeneralformthatthevaluesofcommoditiesmustbemeasuredbyequallabour。Heapplieshisdiscoverytothesolutionofvariousproblems,someofwhichareveryintricate,andonvariousoccasionsandinvariousworks,evenwherehedoesnotrepeatthefundamentalproposition,hedrawsimportantconclusionsfromit。Buteveninhisveryfirstworkhesays:
“This“(estimationbyequallabour)“Isaytobethefoundationofequalizingandbalancingofvalues,yetinthesuperstructuresandpracticeshereupon,Iconfessthereismuchvariety,andintricacy。”
Pettywasthusconsciousequallyoftheimportanceofhisdiscoveryandofthedifficultyofapplyingitindetail。Hethereforetriedtofindanotherwayincertainconcretecases。
Anaturalparshouldthereforebefoundbetweenlandandlabour,sothatvaluemightbeexpressedatwill“byeitherofthemaloneaswellorbetterthanby“
Eventhiserrorhasgenius。
HerrDühringmakesthispenetratingobservationonPetty’stheoryofvalue:
“Hadhisownthoughtbeenmorepenetratingitwouldnotbepossibletofind,inotherpassages,tracesofacontraryview,towhichwehavepreviouslyreferred“{63-64};
thatistosay,towhichno“previous“referencehasbeenmadeexceptthatthe“traces“are“imperfect“。ThisisverycharacteristicofHerrDühring’smethod——toalludetosomething“previously“inameaninglessphrase,inorder“subsequently“tomakethereaderbelievethathehas“previously“
beenmadeacquaintedwiththemainpoint,whichinfacttheauthorinquestionhasslidoverbothpreviouslyandsubsequently。
InAdamSmith,however,wecanfindnotonly“traces“of“contraryviews“ontheconceptofvalue,notonlytwobuteventhree,andstrictlyspeakingevenfoursharplycontraryopinionsonvalue,runningquitecomfortablysidebysideandintermingled。Butwhatisquitenaturalinawriterwhoislayingthefoundationsofpoliticaleconomyandisnecessarilyfeelinghisway,experimentingandstrugglingwithachaosofideaswhichareonlyjusttakingshape,mayseemstrangeinawriterwhoissurveyingandsummarisingmorethanahundredandfiftyyearsofinvestigationwhoseresultshavealreadypassedinpartfrombooksintotheconsciousnessofthegenerality。
And,topassfromgreatthingstosmall:aswehaveseen,HerrDühringhimselfgivesusfivedifferentkindsofvaluetoselectfromatwill,andwiththem,anequalnumberofcontraryviews。Ofcourse,“hadhisownthoughtbeenmorepenetrating“,hewouldnothavehadtoexpendsomucheffortintryingtothrowhisreadersbackfromPetty’sperfectlyclearconceptionofvalueintotheuttermostconfusion。
AsmoothlyfinishedworkofPetty’swhichmaybesaidtobecastinasingleblock,ishisQuantulumcunqueconcerningMoney,publishedin1682,tenyearsafterhisAnatomyofIreland(this“first“appearedin1672,not1691asstatedbyHerrDühring,whotakesitsecond-handfromthe“mostcurrenttextbookcompilations“)。[94]Inthisbookthelastvestigesofmercantilistviews,foundinotherwritingsbyhim,havecompletelydisappeared。Incontentandformitisalittlemasterpiece,andforthisveryreasonHerrDühringdoesnotevenmentionitstitle。Itisquiteintheorderofthingsthatinrelationtothemostbrilliantandoriginalofeconomicinvestigators,ourvaingloriousandpedanticmediocrityshouldonlysnarlhisdispleasure,andtakeoffenceatthefactthattheflashesoftheoreticalthoughtdonotproudlyparadeaboutinrankandfileasready-made“axioms“{D。Ph。224},butmerelyrisesporadicallytothesurfacefromthedepthsof“crude“{D。K。G。57}
practicalmaterial,forexample,oftaxes。
Petty’sfoundationsofPoliticalArithmetic{58},vulgostatistics,aretreatedbyHerrDühringinthesamewayasthatauthor’sspecificallyeconomicworks。HemalevolentlyshrugshisshouldersattheoddmethodsusedbyPetty!ConsideringthegrotesquemethodsstillemployedinthisfieldacenturylaterevenbyLavoisier,[95]andinviewofthegreatdistancethatseparatesevencontemporarystatisticsfromthegoalwhichPettyassignedtotheminbroadoutline,suchself-satisfiedsuperioritytwocenturiespostfestumstandsoutinallitsundisguisedstupidity。
Petty’smostimportantideas——whichreceivedsuchscantattentioninHerrDühring’s“enterprise“{9}——are,inthelatter’sview,nothingbutdisconnectedconceits,chancethoughts,incidentalcomments,towhichonlyinourdayasignificanceisgiven,bytheuseofexcerptstornfromtheircontext,whichinthemselvestheyhavenotgot;whichthereforealsoplaynopartintherealhistoryofpoliticaleconomy,butonlyinmodernbooksbelowthestandardofHerrDühring’sdeep-rootedcriticismand“historicaldepictioninthegrandstyle“{556}。Inhis“enterprise“,heseemstohavehadinviewacircleofreaderswhowouldhaveimplicitfaithandwouldneverbeboldenoughtoaskforproofofhisassertions。
Weshallreturntothispointsoon(whendealingwithLockeandNorth),butmustfirsttakeafleetingglanceatBoisguillebertandLaw。
Inconnectionwiththeformer,wemustdrawattentiontothesolefindmadebyHerrDühring:hehasdiscoveredaconnectionbetweenBoisguillebertandLawwhichhadhithertobeenmissed。Boisguillebertassertsthatthepreciousmetalscouldbereplaced,inthenormalmonetaryfunctionswhichtheyfulfilincommoditycirculation,bycreditmoney(unmorceaudepapier)。Lawontheotherhandimaginesthatany“increase“whateverinthenumberofthese“piecesofpaper“increasesthewealthofanation。
HerrDühringdrawsfromthistheconclusionthatBoisguillebert’s“turnofthoughtalreadyharbouredanewturninmercantilism“{83}
inotherwords,alreadyincludedLaw。Thisismadeasclearasdaylightinthefollowing:
“Allthatwasnecessarywastoassigntothe’simplepiecesofpaper’thesamerolethatthepreciousmetalsshouldhaveplayed,andametamorphosisofmercantilismwastherebyatonceaccomplished“{83}。
Inthesamewayitispossibletoaccomplishatoncethemetamorphosisofanuncleintoanaunt。ItistruethatHerrDühringaddsappealingly:
“OfcourseBoisguilleberthadnosuchpurposeinmind“{83}。
Buthow,inthedevil’sname,couldheintendtoreplacehisownrationalistconceptionofthemonetaryfunctionofthepreciousmetalsbythesuperstitiousconceptionofthemercantilistsforthesolereasonthat,accordingtohim,thepreciousmetalscanbereplacedinthisrolebypapermoney?
Nevertheless,HerrDühringcontinuesinhisserio-comicstyle,“neverthelessitmaybeconcededthathereandthereourauthorsucceededinmakingareallyaptremark“(p。83)。
InreferencetoLaw,HerrDühringsucceededinmakingonlythis“reallyaptremark“:
“Lawtoowasnaturallyneverablecompletelytoeradicatetheabove-namedbasis“(namely,“thebasisofthepreciousmetals“),“buthepushedtheissueofnotestoitsextremelimit,thatistosay,tothecollapseofthesystem“(p。94)。
Inreality,however,thesepaperbutterflies,meremoneytokens,wereintendedtoflutteraboutamongthepublic,notinorderto“eradicate“thebasisofthepreciousmetals,buttoenticethemfromthepocketsofthepublicintothedepletedtreasuriesofthestate。[96]
ToreturntoPettyandtheinconspicuousroleinthehistoryofeconomicsassignedtohimbyHerrDühring,letusfirstlistentowhatwearetoldaboutPetty’simmediatesuccessors,LockeandNorth。Locke’sConsiderationsonLoweringofInterestandRaisingofMoney,andNorth’sDiscoursesuponTrade,appearedinthesameyear,1691。
“Whathe“(Locke)“wroteoninterestandcoindoesnotgobeyondtherangeofthereflections,currentunderthedominionofmercantilism,inconnectionwiththeeventsofpoliticallife“(p。64)。
Tothereaderofthis“report“itshouldnowbeclearascrystalwhyLocke’sLoweringofInteresthadsuchanimportantinfluence,inmorethanonedirection,onpoliticaleconomyinFranceandItalyduringthelatterhalfoftheeighteenthcentury。
“Manybusinessmenthoughtthesame“(asLocke)“onfreeplayfortherateofinterest,andthedevelopingsituationalsoproducedthetendencytoregardrestrictionsoninterestasineffective。AtaperiodwhenaDudleyNorthcouldwritehisDiscoursesuponTradeinthedirectionoffreetrade,agreatdealmustalreadyhavebeenintheair,astheysay,whichmadethetheoreticaloppositiontorestrictionsoninterestratesseemsomethingnotatallextraordinary“(p。64)。
SoLockehadonlytocogitatetheideasofthisorthatcontemporary“businessman“,ortobreatheinagreatdealofwhatwas“intheair,astheysay“tobeabletotheoriseonfreeplayfortherateofinterestwithoutsayinganything“extraordinary“!Infact,however,asearlyas1662,inhisTreatiseonTaxesandContributions,Pettyhadcounterposedinterest,asrentofmoneywhichwecallusurytorentoflandandhouses,andlecturedthelandlords,whowishedtokeepdownbylegislationnotofcourselandrent,buttherentofmoney,onthevanityandfruitlessnessofmakingcivilpositivelawagainstthelawofnature。inhisQuantulumcunque(1682)hethereforedeclaredthatlegislativeregulationoftherateofinterestwasasstupidasregulationofexportsofpreciousmetalsorregulationofexchangerates。Inthesameworkhemadestatementsofunquestionableauthorityontheraisingofmoney(forexample,theattempttogivesixpencethenameofoneshillingbydoublingthenumberofshillingscoinedfromoneounceofsilver)。
Asregardsthislastpoint,LockeandNorthdidlittlemorethancopyhim。Inregardtointerest,however,LockefollowedPetty’sparallelbetweenrentofmoneyandrentofland,whileNorthgoesfurtherandopposesinterestasrentofstocktolandrent,andthestocklordstothelandlords。
AndwhileLockeacceptsfreeplayfortherateofinterest,asdemandedbyPetty,onlywithreservations,Northacceptsitunconditionally。
HerrDühring——himselfstillabittermercantilistinthe“moresubtle“{55}sense——surpasseshimselfwhenhedismissesDudleyNorth’sDiscoursesuponTradewiththecommentthattheywerewritten“inthedirectionoffreetrade“{64}。ItisratherlikesayingofHarveythathewrote“inthedirection“ofthecirculationoftheblood。North’swork——apartfromitsothermerits——isaclassicalexposition,drivenhomewithrelentlesslogic,ofthedoctrineoffreetrade,bothforeignandinternal——certainly“somethingextraordinary“{64}intheyear1691!
HerrDühring,bytheway,informsusthatNorthwasa“merchant“andabadtypeatthat,alsothathiswork“metwithnoapproval“{64}。
Indeed!Howcouldanyoneexpectabookofthissorttohavemetwith“approval“
amongthemobsettingthetoneatthetimeofthefinaltriumphofprotectionisminEngland?Butthisdidnotpreventitfromhavinganimmediateeffectontheory,ascanbeseenfromawholeseriesofeconomicworkspublishedinEnglandshortlyafterit,someofthemevenbeforetheendoftheseventeenthcentury。
LockeandNorthgaveusproofofhowthefirstboldstrokeswhichPettydealtinalmosteverysphereofpoliticaleconomyweretakenuponebyonebyhisEnglishsuccessorsandfurtherdeveloped。Thetracesofthisprocessduringtheperiod1691to1752areobviouseventothemostsuperficialobserverfromtheveryfactthatallthemoreimportanteconomicwritingsofthattimestartfromPetty,eitherpositivelyornegatively。Thatperiod,whichaboundedinoriginalthinkers,isthereforethemostimportantfortheinvestigationofthegradualgenesisofpoliticaleconomy。The“historicaldepictioninthegrandstyle“{556},whichchalksupagainstMarxtheunpardonablesinofmakingsomuchcommotioninCapitalaboutPettyandthewritersofthatperiod,simplystrikesthemrightoutofhistory。FromLocke,North,BoisguillebertandLawitjumpsstraighttothephysiocrats,andthen,attheentrancetotherealtempleofpoliticaleconomy,appears——DavidHume。WithHerrDühring’spermission,however,werestorethechronologicalorder,puttingHumebeforethephysiocrats。
Hume’seconomicEssaysappearedin1752。Intherelatedessays:ofMoney,oftheBalanceofTrade,ofCommerce,Humefollowsstepbystep,andofteneveninhispersonalidiosyncrasies,JacobVanderlint’sMoneyAnswersAllThings,publishedinLondonin1734。HoweverunknownthisVanderlintmayhavebeentoHerrDühring,referencestohimcanbefoundinEnglisheconomicworksevenattheendoftheeighteenthcentury,thatistosay,intheperiodafterAdamSmith。
LikeVanderlint,Humetreatedmoneyasameretokenofvalue;
hecopiedalmostwordforword(andthisisimportantashemighthavetakenthetheoryofmoneyasatokenofvaluefrommanyothersources)
Vanderlint’sargumentonwhythebalanceoftradecannotbepermanentlyeitherfavourableorunfavourabletoacountry;likeVanderlint,heteachesthattheequilibriumofbalancesisbroughtaboutnaturally,inaccordancewiththedifferenteconomicsituationsinthedifferentcountries;likeVanderlint,hepreachesfreetrade,butlessboldlyandconsistently;likeVanderlint,thoughwithlessprofundity,heemphasiseswantsasthemotiveforcesofproduction;hefollowsVanderlintintheinfluenceoncommoditypriceswhichheerroneouslyattributestobankmoneyandgovernmentsecuritiesingeneral;likeVanderlint,herejectscreditmoney;likeVanderlint,hemakescommoditypricesdependentonthepriceoflabour,thatis,onwages;heevencopiesVanderlint’sabsurdnotionthatbyaccumulatingtreasurescommoditypricesarekeptdown,etc。,etc。
AtamuchearlierpointHerrDühringmadeanoracularallusiontohowothershadmisunderstoodHume’smonetarytheorywithaparticularlyminatoryreferencetoMarx,whoinCapitalhad,besides,pointedinamannercontrarytopoliceregulationstothesecretconnectionsofHumewithVanderlintandwithJ。Massie,whowillbementionedlater。
Asforthismisunderstanding,thefactsareasfollows。InregardtoHume’srealtheoryofmoney(thatmoneyisameretokenofvalue,andtherefore,otherconditionsbeingequal,commoditypricesriseinproportiontotheincreaseinthevolumeofmoneyincirculation,andfallinproportiontoitsdecrease),HerrDühring,withthebestintentionsintheworld——thoughinhisownluminousway——canonlyrepeattheerrorsmadebyhispredecessors。Hume,however,afterpropoundingthetheorycitedabove,himselfraisestheobjection(asMontesquieu,startingfromthesamepremises,haddonepreviously)thatnevertheless“’tiscertain“thatsincethediscoveryoftheminesinAmerica,“industryhasencreasedinallthenationsofEurope,exceptinthepossessorsofthosemines“,andthatthis“mayjustlybeascribed,amongstotherreasons,totheencreaseofgoldandsilver“。
Hisexplanationofthisphenomenonisthat“thoughthehighpriceofcommoditiesbeanecessaryconsequenceoftheencreaseofgoldandsilver,yetitfollowsnotimmediatelyuponthatencrease;butsometimeisrequiredbeforethemoneycirculatethroughthewholestate,andmakeitseffectsbefeltonallranksofpeople“。
Inthisintervalithasabeneficialeffectonindustryandtrade。
AttheendofthisanalysisHumealsotellsuswhythisisso,althoughinalesscomprehensivewaythanmanyofhispredecessorsandcontemporaries:
“’Tiseasytotracethemoneyinitsprogressthroughthewholecommonwealth;
whereweshallfind,thatitmustfirstquickenthediligenceofeveryindividual,beforeitencreasesthepriceoflabour。’“
Inotherwords,Humeisheredescribingtheeffectofarevolutioninthevalueofthepreciousmetals,namely,adepreciation,or,whichisthesamething,arevolutioninthemeasureofvalueofthepreciousmetals。Hecorrectlyascertainsthat,intheslowprocessofreadjustingthepricesofcommodities,thisdepreciation“increasesthepriceoflabour“——
vulgo,wages——onlyinthelastinstance;thatistosay,itincreasestheprofitmadebymerchantsandindustrialistsatthecostofthelabourer(whichhe,however,thinksisjustasitshouldbe),andthus“quickensdiligence“。Buthedoesnotsethimselfthetaskofansweringtherealscientificquestion,namely,whetherandinwhatwayanincreaseinthesupplyofthepreciousmetals,theirvalueremainingthesame,affectsthepricesofcommodities;andhelumpstogetherevery“increaseofthepreciousmetals“withtheirdepreciation。HumethereforedoespreciselywhatMarxsayshedoes(ZurKritiketc。,p。141)。Weshallcomebackoncemoretothispointinpassing,butwemustfirstturntoHume’sessayonInterest。
Hume’sarguments,expresslydirectedagainstLockethattherateofinterestisnotregulatedbytheamountofavailablemoneybutbytherateofprofit,andhisotherexplanationsofthecauseswhichdeterminerisesorfallsintherateofinterest,arealltobefound,muchmoreexactlythoughlesscleverlystated,inAnEssayontheGoverningCausesoftheNaturalRateofInterest;whereinthesentimentsofSirW。PettyandMr。Locke,onthathead,areconsidered。Thisworkappearedin1750,twoyearsbeforeHume’sessay;itsauthorwasJ。Massie,awriteractiveinvariousfields,whohadawidepublic,ascanbeseenfromcontemporaryEnglishliterature。AdamSmith’sdiscussionoftherateofinterestisclosertoMassiethantoHume。NeitherMassienorHumeknoworsayanythingregardingthenatureof“profit“,whichplaysarolewithboth。
“Ingeneral。”HerrDühringsermonisesus,“theattitudeofmostofHume’scommentatorshasbeenveryprejudiced,andideashavebeenattributedtohimwhichheneverentertainedintheleast“{131}。
AndHerrDühringhimselfgivesusmorethanonestrikingexampleofthis“attitude“。
Forexample,Hume’sessayoninterestbeginswiththefollowingwords:
“Nothingisesteemedamorecertainsignoftheflourishingconditionofanynationthanthelownessofinterest:Andwithreason;thoughIbelievethecauseissomewhatdifferentfromwhatiscommonlyapprehended。”
Intheveryfirstsentence,therefore,Humecitestheviewthatthelownessofinterestisthesurestindicationoftheflourishingconditionofanationasacommonplacewhichhadalreadybecometrivialinhisday。Andinfactthis“idea“hadalreadyhadfullyahundredyears,sinceChild,tobecomegenerallycurrent。Butwearetold:
“Among“(Hume’s)“viewsontherateofinterestwemustparticularlydrawattentiontotheideathatitisthetruebarometerofconditions“
(conditionsofwhat?)“andthatitslownessisanalmostinfalliblesignoftheprosperityofanation“(p。130)。
Whoisthe“prejudiced“andcaptivated“commentator“whosaysthis?NoneotherthanHerrDühring。
WhatarousesthenaiveastonishmentofourcriticalhistorianisthefactthatHume,inconnectionwithsomefelicitousideaorother,“doesnotevenclaimtohaveoriginatedit“{131}。ThiswouldcertainlynothavehappenedtoHerrDühring。
WehaveseenhowHumeconfuseseveryincreaseofthepreciousmetalswithsuchanincreaseasisaccompaniedbyadepreciation,arevolutionintheirownvalue,hence,inthemeasureofvalueofcommodities。ThisconfusionwasinevitablewithHumebecausehehadnottheslightestunderstandingofthefunctionofthepreciousmetalsasthemeasureofvalue。Andhecouldnothaveit,becausehehadabsolutelynoknowledgeofvalueitself。Theworditselfistobefoundperhapsonlyonceinhisessays,namely,inthepassagewhere,inattemptingto“correct“Locke’serroneousnotionthatthepreciousmetalshad“onlyanimaginaryvalue“,hemakesitevenworsebysayingthattheyhad“merelyafictitiousvalue“。
InthisheismuchinferiornotonlytoPettybuttomanyofhisEnglishcontemporaries。Heshowsthesame“backwardness“instillproclaimingtheold-fashionednotionthatthe“merchant“isthemainspringofproduction——anideawhichPettyhadlongpassedbeyond。AsforHerrDühring’sassurancethatinhisessaysHumeconcernedhimselfwiththe“chiefeconomicrelationships“{121},ifthereaderonlycomparesCantillon’sworkquotedbyAdamSmith(whichappearedthesameyearasHume’sessays,1752,butmanyyearsafteritsauthor’sdeath),[97]hewillbesurprisedatthenarrowrangeofHume’seconomicwritings。Hume,aswehavesaid,inspiteoftheletters-patentissuedtohimbyHerrDühring,isneverthelessquitearespectablefigurealsointhefieldofpoliticaleconomy,butinthisfieldheisanythingbutanoriginalinvestigator,andevenlessanepoch-makingone。Theinfluenceofhiseconomicessaysontheeducatedcirclesofhisdaywasduenotmerelytohisexcellentpresentation,butprincipallytothefactthattheessayswereaprogressiveandoptimisticglorificationofindustryandtrade,whichwerethenflourishing——inotherwords,ofthecapitalistsocietywhichatthattimewasrapidlyrisinginEngland,andwhose“approval“theythereforehadtogain。Letoneinstancesufficehere。EveryoneknowsthepassionatefightthatthemassesoftheEnglishpeoplewerewaging,justinHume’sday,againstthesystemofindirecttaxeswhichwasbeingregularlyexploitedbythenotoriousSirRobertWalpoleforthereliefofthelandlordsandoftherichingeneral。
InhisessayOfTaxes,inwhich,withoutmentioninghisname,HumepolemisesagainsthisindispensableauthorityVanderlint——thestoutestopponentofindirecttaxationandthemostdeterminedadvocateofalandtax——weread: