Responses to Marx's Capital

From Rudolf Hilferding to Isaak Illich Rubin


Responses to Marx's Capital : From Rudolf Hilferding to Isaak Illich Rubin is a collection of primary sources dealing with the reception of the economic works of Karl Marx from the First to the Third International. The documents, translated for the first time from German and Russian, range from the original reviews of the three volumes of Capital and the three volumes of Theories of Surplus Value to the debates between the Marxist economists and the bourgeois academic representatives of the theory of marginal utility and the German historical school. The volume closes with six essays by the prominent economist Isaak I. Rubin, including ‘Essays on Marx's Theory of Money’ and ‘The Dialectical Development of Categories in Marx’s Economic System’.
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Biographical Note

Richard B. Day, Ph. D. (1970), University of London, is Professor of Political Economy at the University of Toronto, Canada. He has published extensively on Soviet economic and political history, including Leon Trotsky and the Politics of Economic Isolation (Cambridge University Press, 1973).

Daniel F. Gaido, Ph.D. (2000), University of Haifa (Israel), is a researcher at the National Research Council (Conicet), Argentina. He is the author of The Formative Period of American Capitalism (Routledge, 2006) and co-editor, together with Richard B. Day, of Witnesses to Permanent Revolution: The Documentary Record (Brill, 2009).

Table of contents

Introduction: The Early Reception of Marx’s Economic Works

Why Does Marx Matter?
Richard B. Day

1 Karl Marx’s Point of View in his Political-Economic Critique: A Review of Karl Marx, Capital: A Critique of Political Economy (1872)
Illarion Ignat’evich Kaufmann

2 The History of a Book [On the Fortieth Anniversary of the Publication of Capital, Vol. I] (1907)
Otto Bauer

3 The Poverty of Philosophy” and “Capital” (1886)
Karl Kautsky

4 A Contribution to the Critique of Karl Marx’s Economic System (1894)
Werner Sombart

5 Theories of Surplus Value (1905)
Heinrich Cunow

6 Marx’s Critique of Ricardo (1906)
Gustav Eckstein

7 The Prehistory of Marxian Economics (1911–12)
Rudolf Hilferding

8 Theories of Surplus Value (1910)
Otto Bauer

9 A Contribution to the Understanding of Marx’s Research Method (1910)
Heinrich Cunow

10 On the History of the Theory of Value (1903)
Rudolf Hilferding

11 Karl Marx’s Formulation of the Problem of Theoretical Economics (1905)
Rudolf Hilferding

12 Back to Adam Smith! (1900)
Rosa Luxemburg

13 Werner Sombart’s Modern Capitalism (1903)
Rudolf Hilferding

14 The Psychological Tendency in Recent Political Economy (1892)
Conrad Schmidt

15 The Austrian School (1926)
I.I. Rubin

16 Marx’s Teaching on Production and Consumption (1930)
I.I. Rubin

17 Fundamental Features of Marx’s Theory of Value and How it Differs from Ricardo’s Theory (1924)
I.I. Rubin

18 Towards a History of the Text of the First Chapter of Marx’s Capital (1929)
I.I. Rubin

19 Essays on Marx’s Theory of Money (1926–8)
I.I. Rubin

20 The Dialectical Development of Categories in Marx’s Economic System (1929)
I.I. Rubin

Appendix: Pages from the Life and Creative Work of Economist I.I. Rubin (1992)
Lyudmila L. Vasina and Yakov G. Rokityansky



All interested in the history of socialism and Marxist political economy, particularly the reception of Marx’s economic works and the polemics between Marxist and bourgeois economists.


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