The object of the law of value is to elucidate the actual exchange relations of commodities.
Rudolf Hilferding
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Value is consequently the necessary theoretical starting point whence we can elucidate the peculiar phenomenon of prices resulting from capitalist competition.
- Rudolf Hilferding -
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Value manifests itself as exchange value, as a quantitatively determined relationship, in virtue of the fact that one commodity can be exchanged for another.
- Rudolf Hilferding -