Essays on Marx’s Theory of Value

Rubin, Isaak I. Essays on Marx’s Theory of Value. Delhi: AaKar Books, 2008.

Excerpt:

“The distinctive characteristic of the commodity economy is that the managers and organizers of production are independent commodity producers (small proprietors or large entrepreneurs). Every separate, private firm is autonomous, i.e., its proprietor is independent, he is concerned only with his own interests, and he decides the kind and the quantity of goods he will produce. On the basis of private property, he has at his disposal the necessary productive tools and raw materials, and as the legally competent owner, he disposes of the products of his business. Production is managed directly by separate commodity producers and not by society. Society does not directly regulate the working activity of its members, it does not prescribe what is to be produced or how much.”

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