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Quote by Rudolph Hiferding

“Every commodity has value in so far as it incorporates socially necessary labour time, and is the outcome of a social process of production. It enters the process of exchange as a bearer of value. This is the sense of Marx's remark that, `the act of exchange gives to the commodity converted into money, not its value, but its specific value form'. /Capital, /vol. I, p. 103. [MECW 35, p101]”

Quote by Rudolph Hiferding

Book:Finance Capital: A study in the latest phase of capitalist development
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Finance Capital: A study in the latest phase of capitalist development

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Rudolph Hiferding

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