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"If, as Ricardo had argued, all economic value was derived from human labor, then the capitalist prospered by paying workers less than the value that… - Daniel J. Boorstin
"If, as Ricardo had argued, all economic value was derived from human labor, then the capitalist prospered by paying workers less than the value that they had added and pocketing the difference. To secure the maximum profit, the capitalist paid the worker only enough for his subsistence. Surplus value, then, is the value produced by the worker beyond what he is compensated. Thus the capitalist's profit came from the exploiting the worker. Although unequivocal in his dogmas of history and of economics, Marx's lively mind occasionally rebelled at hints of orthodoxy. And he more than once declared, "I am not a Marxist.
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About Daniel J. Boorstin
Daniel J. Boorstin (1 October 1914 – 28 February 2004) was an American historian, professor, attorney, and author. He served as the director of the Smithsonian’s National Museum of American History in 1969-1973 and was the Librarian of Congress from 1975 to 1987. His book trilogy, The Americans: The Colonial Experience, The National Experience, and The Democratic Experience received the Bancroft Prize, the Pulitzer Prize, and the Francis Parkman Prize. In 1989, the Medal for Distinguished Contribution to American Letters was bestowed upon him.
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Also Known As
Native Name:
Daniel Joseph Boorstin
Alternative Names:
Daniel Boorstin
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Additional quotes by Daniel J. Boorstin
Progress, for Comte, unlike Condorcet, is not indefinite, but continuous. And there is no room for surprise or the whims of personal liberty. It was no wonder, then, that the doctrines of Enlightenment and social science, touted to liberate man from the tyranny of the priesthood, would soon establish their own tyranny. Comte and his successors could not imagine that their gospel of progress might prove as ephemeral as the fictions of theologians or the abstractions of metaphysicians.
"Spengler's book is rich in these "morphological relationships" between dissimilar activities that prove the coherent spirit of each culture and epoch. So there was a common spirit int eh ancient Greek polis and in Euclidean geometry, as there was also between the differential calculus and the state of Louis XIV. Chronological "contemporaneity" was misleading. It should be replaced by an understanding of how different events play similar roles in expressing the culture spirit. Thus he sees his own kind of "contemporaneity" in the Trojan War and the Crusades, in Homer and the songs of the Nibelungs."
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