Vladimir Lenin

Name: A note on the question of the market theory
Author: Vladimir Lenin

A note on the question of the market theory

Summary

“A note on the question of the market theory”, is a work by Vladimir Lenin. It explores elements such as Tugan-Baranovsky, Marx and consumption.

Quotes from A note on the question of the market theory (Vladimir Lenin)

Vladimir Lenin, A note on the question of the market theory

“ Inherent in capitalism, on the one hand, is the tendency toward the limitless expansion of productive consumption, toward the limitless expansion of accumulation and production, and, on the other, the proletarisation of the masses of the people that sets quite narrow limits for the expansion of individual consumption. It is obvious that we have here a contradiction in capitalist production, and in the above-quoted passage Marx simply reaffirms this contradiction. ”

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Source: Wikisource

Vladimir Lenin, A note on the question of the market theory

“ The more productiveness develops, the more it finds itself at variance with the narrow basis on which the conditions of consumption rest” (Ill, 1, 226. Russian translation, p. 189) . Mr. Tugan-Baranovsky interprets these words as follows: “The mere proportional distribution of national production does not guarantee the possibility of marketing the products. The products may not find a market even if the distribution of production is proportional—this is apparently the meaning of the above-quoted words of Marx.” ”

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Source: Wikisource

Vladimir Lenin, A note on the question of the market theory

“ Marx’s statement because he tried to apply to Marx’s theory a completely alien formulation of the question. Once it has been established how the entire process of social production takes place in connection with the consumption of the product by different classes of society, how the capitalists contribute the money necessary for the circulation of the product—once all this has been explained, the question of whether wages are derived from current or preceding production loses all serious significance. ”

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Source: Wikisource

Vladimir Lenin, A note on the question of the market theory

“ The analysis of realisation in Volume II does not in any way refute this contradiction (Mr. Tugan-Baranovsky’s opinion notwithstanding) ; it shows, on the contrary, the connection between productive and personal consumption. It stands to reason that it would be a serious error to conclude from this contradiction of capitalism (or from its other contradictions) that capitalism is impossible or unprogressive as compared with former economic regimes (in the way our Narodniks like doing) . ”

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Source: Wikisource

Vladimir Lenin, A note on the question of the market theory

“ Mr. Tugan-Baranovsky says that Marx “does not touch at all on the question of the foreign market in the second volume” (op. cit.) . This is not true. In that same (third) section of the second volume, wherein he analyses the realisation of the product, Marx very definitely explains the relationship of foreign trade and, consequently, of the foreign market, to this question. He says the following:
“Capitalist production does not exist at all without foreign commerce. ”

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Source: Wikisource

Vladimir Lenin, A note on the question of the market theory

“ Capitalism cannot develop except in a whole series of contradictions, and the indication of these contradictions merely explains to us the historically transitory nature of capitalism, explains the conditions and causes of its tendency to go forward to a higher form. ”

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Source: Wikisource

Vladimir Lenin, A note on the question of the market theory

“ Mr. Bulgakov correctly points out Mr. Herzenstein’s error in asserting that he had found a contradiction in Marx’s theory on this question. The author rightly says that “if the turnover period of all individual capitals is made to equal one year, at the beginning of the given year the capitalists will be the owners both of the entire product of the preceding year and of a sum of money equal to its value” (pp. 142-43) . ”

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Source: Wikisource

Vladimir Lenin, A note on the question of the market theory

“ Tugan-Baranovsky’s “solution of the question,” namely, "... in any country importing goods from abroad there may be a surplus of capital; a foreign market is absolutely essential to such a country” (Industrial Crises, p. 429. Quoted in Mir Bozhy, op. cit., 121) —is merely a paraphrase of Marx’s postulate. Marx says that in analysing realisation foreign trade must not be taken into consideration, since it only replaces one article by another. In analysing the question of realisation (Chapter 1 of the second part of Industrial Crises) , Mr. ”

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Source: Wikisource

Vladimir Lenin, A note on the question of the market theory

“ Tugan Baranovsky’s.
In conclusion, examining Mr. Bulgakov’s book in greater detail, we must note the following. About a third of the book is devoted to questions of the “differences in the turn over of capital” and of the “wages fund.” The sections under these headings seem to us to be the least successful. In the first of these the author tries to add to Marx’s analysis (see p. 63, note) and delves into very intricate computations and schemata to illustrate how the process of realisation takes place with differences in the turnover of capital. It seems to us that Mr. ”

Vladimir Lenin

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