Labor Theory of Value Quotes

Under capitalism, man exploits man. Under communism, it's just the opposite.

Every year humanity takes a step towards Communism. Maybe not you, but … your grandson will surely be a Communist.

I still think like a Marxist in many ways.

In practice, socialism didn't work. But socialism could never have worked because it is based on false premises about human psychology and society, and gross ignorance of human economy.

There will be no communism.

We can learn something from Marxist thinking, but we cannot follow Marxist methods.

If Socialism can only be realized when the intellectual development of all the people permits it, then we shall not see Socialism for at least five hundred years.

You cannot be a modern man and be a Marxist.

Labor is one of the processes by which A acquires property for B.

Marxian Socialism must always remain a portent to the historians of Opinion — how a doctrine so illogical and so dull can have exercised so powerful and enduring an influence over the minds of men, and, through them, the events of history.

As for Marx, his economic value, apart from occasional … flashes of insight, is nil.

I am a Communist, a convinced Communist! For some that may be a fantasy. But to me it is my main goal.

I would say I was still a Marxist - which is not to be confused with being a Communist. Despite its flaws, Marxism still seems to explain the material world better than anything else.

There is one good thing about Marx: he was not a Keynesian.

The theory of Communism may be summed up in one sentence: Abolish all private property.

The object of the law of value is to elucidate the actual exchange relations of commodities.

The theory of Socialism grew out of the philosophic, historical and economic theories that were elaborated by the educated representatives of the propertied classes, the intellectuals. The founders of modern scientific Socialism, Marx and Engels, belonged to the bourgeois intelligentsia.

I am sure that, on the one hand, the Rothschilds appreciate the merits of Marx, and that on the other hand, Marx feels an instinctive inclination and a great respect for the Rothschilds.

There are a few people, but a diminishing number, who still believe that Marxism, as an economic system, off era a coherent alternative to capitalism, and socialism has, indeed, triumphed in one country.

Labor is the true standard of value.

The payment of the worker is not determined by the value of his product.

Karl Marx was in favor of socialist and communist-socialist revolutions, but he had a pretty nuanced view about it.

Despite its flaws, Marxism still seems to explain the material world better than anything else.

Even though the society that Marx foresaw is far from being an historical reality, Marxism has penetrated so deeply in history that we are all Marxists, one way or another, even unknowingly.

Marxism does not make sense, and I am the first one to say this