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The Fallacy of Marx's Theory of Surplus-value
by Henry Seymour
Henry Seymour
The Fallacy of Marx's Theory of Surplus-value
by Henry Seymour
Henry Seymour
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Overview
"The Fallacy of Marx's Theory of Surplus Value, by Henry Seymour...contended that the theory of surplus value is...the economic cornerstone...and that the refutation of this theory breaks down the claim...that their system is sanctioned by science." -Reynold's Newspaper, June 20, 1897
Is Marx's theory of surplus value, the cornerstone of Marxism and modern socialism, based on an obvious unreconcilable logical fallacy, and thus doomed to repeated practical failure when put into effect?
In 1897, prominent individualist Henry Seymour debunked Marx's cornerstone theory in his short 50-page book titled, "The Fallacy of Marx's Theory of Surplus-value."
In introducing his work Seymour writes,
"The disciples of Karl Marx claim that their master's greatest achievement was to bring to light the important 'generalisation' of surplus-value. This pretended generalisation, which is set forth with a great flourish of 'scientific' demonstration in the pages of Das Kapital, is in reality the economic cornerstone of State Socialism....
"The object of this treatise is to expose the extravagance of such a claim, and to point out—I believe for the first time—that this theory of surplus-value is based upon two antithetical hypotheses, upon two ideas which are mutually exclusive. I shall shew that Marx's theory of surplus-value is a complete contradiction of his theory of value, of which it is pretended to be a logical corollary; for the theory of value involves that the use-value of a commodity does not enter into the exchange value thereof, whereas the theory of surplus value rests entirely upon the contrary assumption that it is the alienation of the use-value by the laborer of his "commodity", labor power, that enables the capitalist to increase its exchange-value, and thereby acquire a surplus-value."
About the author:
Seymour was born in Hayes, Bromley, England on 28 January 1860 and died in Islington, on 3 February 1938, at the age of 78. Seymour first came to prominence in 1882, while living in Tunbridge Wells, Kent. Seymour was appointed the secretary of the Tunbridge Wells Secular Society and he was convicted in the summer of 1882 of blasphemy.
In 1885, Seymour published the first English-language individualist anarchist periodical in Britain, The Anarchist. He began work on the first issue while still living in Tunbridge Wells, although it was not published until he completed his move to Islington, London.
The paper was produced from 1885 to 1888 and was briefly co-edited by Peter Kropotkin and Charlotte Wilson, both of whom went on to form Freedom following disagreements between the three.
As well as producing The Anarchist, Seymour published a wide range of pamphlets and tracts, and he printed handbills for other groups, including the Tunbridge Wells branch of the SDF. The SDF pamphlet was published by the "International Publishing Company", owned by Seymour.
Seymour is important in the history of British anarchism, particularly individualist anarchism a branch of anarchism which has dwindled in influence in Britain since the early 20th century. Seymour published a wide range of works on anarchist subjects. He was involved in the late 19th century radical community in London and it seems likely that Seymour printed material for many individuals and groups.
Seymour was involved in many groups and causes during the latter 1900s. He was a founding member of Free Currency Propaganda and produced a pamphlet called The Monomaniacs: A Fable in Finance.
In the early 20th century, Seymour became involved in the nascent gramophone industry. He introduced Edison's phonograph to Britain in 1913, and wrote about it in Sound Wave magazine. He wrote The Reproduction of Sound in 1917, described as "acknowledged as the standard work on the subject" in the industry at the time. He produced a gramophone called the Superphone and was responsible for many innovations in gramophone technology.
Seymour was key in the development of EMG Gramophones and produced parts for the early production models.
Is Marx's theory of surplus value, the cornerstone of Marxism and modern socialism, based on an obvious unreconcilable logical fallacy, and thus doomed to repeated practical failure when put into effect?
In 1897, prominent individualist Henry Seymour debunked Marx's cornerstone theory in his short 50-page book titled, "The Fallacy of Marx's Theory of Surplus-value."
In introducing his work Seymour writes,
"The disciples of Karl Marx claim that their master's greatest achievement was to bring to light the important 'generalisation' of surplus-value. This pretended generalisation, which is set forth with a great flourish of 'scientific' demonstration in the pages of Das Kapital, is in reality the economic cornerstone of State Socialism....
"The object of this treatise is to expose the extravagance of such a claim, and to point out—I believe for the first time—that this theory of surplus-value is based upon two antithetical hypotheses, upon two ideas which are mutually exclusive. I shall shew that Marx's theory of surplus-value is a complete contradiction of his theory of value, of which it is pretended to be a logical corollary; for the theory of value involves that the use-value of a commodity does not enter into the exchange value thereof, whereas the theory of surplus value rests entirely upon the contrary assumption that it is the alienation of the use-value by the laborer of his "commodity", labor power, that enables the capitalist to increase its exchange-value, and thereby acquire a surplus-value."
About the author:
Seymour was born in Hayes, Bromley, England on 28 January 1860 and died in Islington, on 3 February 1938, at the age of 78. Seymour first came to prominence in 1882, while living in Tunbridge Wells, Kent. Seymour was appointed the secretary of the Tunbridge Wells Secular Society and he was convicted in the summer of 1882 of blasphemy.
In 1885, Seymour published the first English-language individualist anarchist periodical in Britain, The Anarchist. He began work on the first issue while still living in Tunbridge Wells, although it was not published until he completed his move to Islington, London.
The paper was produced from 1885 to 1888 and was briefly co-edited by Peter Kropotkin and Charlotte Wilson, both of whom went on to form Freedom following disagreements between the three.
As well as producing The Anarchist, Seymour published a wide range of pamphlets and tracts, and he printed handbills for other groups, including the Tunbridge Wells branch of the SDF. The SDF pamphlet was published by the "International Publishing Company", owned by Seymour.
Seymour is important in the history of British anarchism, particularly individualist anarchism a branch of anarchism which has dwindled in influence in Britain since the early 20th century. Seymour published a wide range of works on anarchist subjects. He was involved in the late 19th century radical community in London and it seems likely that Seymour printed material for many individuals and groups.
Seymour was involved in many groups and causes during the latter 1900s. He was a founding member of Free Currency Propaganda and produced a pamphlet called The Monomaniacs: A Fable in Finance.
In the early 20th century, Seymour became involved in the nascent gramophone industry. He introduced Edison's phonograph to Britain in 1913, and wrote about it in Sound Wave magazine. He wrote The Reproduction of Sound in 1917, described as "acknowledged as the standard work on the subject" in the industry at the time. He produced a gramophone called the Superphone and was responsible for many innovations in gramophone technology.
Seymour was key in the development of EMG Gramophones and produced parts for the early production models.
Product Details
| BN ID: | 2940161121894 |
|---|---|
| Publisher: | Far West Travel Adventure |
| Publication date: | 04/27/2022 |
| Sold by: | Barnes & Noble |
| Format: | eBook |
| File size: | 418 KB |
About the Author
Seymour was born in Hayes, Bromley, England on 28 January 1860 and died in Islington, on 3 February 1938, at the age of 78. Seymour first came to prominence in 1882, while living in Tunbridge Wells, Kent. Seymour was appointed the secretary of the Tunbridge Wells Secular Society and he was convicted in the summer of 1882 of blasphemy.
In 1885, Seymour published the first English-language individualist anarchist periodical in Britain, The Anarchist. He began work on the first issue while still living in Tunbridge Wells, although it was not published until he completed his move to Islington, London.
The paper was produced from 1885 to 1888 and was briefly co-edited by Peter Kropotkin and Charlotte Wilson, both of whom went on to form Freedom following disagreements between the three.
As well as producing The Anarchist, Seymour published a wide range of pamphlets and tracts, and he printed handbills for other groups, including the Tunbridge Wells branch of the SDF. The SDF pamphlet was published by the "International Publishing Company", owned by Seymour.
Seymour is important in the history of British anarchism, particularly individualist anarchism a branch of anarchism which has dwindled in influence in Britain since the early 20th century. Seymour published a wide range of works on anarchist subjects. He was involved in the late 19th century radical community in London and it seems likely that Seymour printed material for many individuals and groups.
Seymour was involved in many groups and causes during the latter 1900s. He was a founding member of Free Currency Propaganda and produced a pamphlet called The Monomaniacs: A Fable in Finance.
In the early 20th century, Seymour became involved in the nascent gramophone industry. He introduced Edison's phonograph to Britain in 1913, and wrote about it in Sound Wave magazine. He wrote The Reproduction of Sound in 1917, described as "acknowledged as the standard work on the subject" in the industry at the time.[8][9] He produced a gramophone called the Superphone and was responsible for many innovations in gramophone technology.
Seymour was key in the development of EMG Gramophones and produced parts for the early production models.
In his later life Seymour became involved in the Francis Bacon Society, and was the editor of the society's journal, Baconiana.
In 1885, Seymour published the first English-language individualist anarchist periodical in Britain, The Anarchist. He began work on the first issue while still living in Tunbridge Wells, although it was not published until he completed his move to Islington, London.
The paper was produced from 1885 to 1888 and was briefly co-edited by Peter Kropotkin and Charlotte Wilson, both of whom went on to form Freedom following disagreements between the three.
As well as producing The Anarchist, Seymour published a wide range of pamphlets and tracts, and he printed handbills for other groups, including the Tunbridge Wells branch of the SDF. The SDF pamphlet was published by the "International Publishing Company", owned by Seymour.
Seymour is important in the history of British anarchism, particularly individualist anarchism a branch of anarchism which has dwindled in influence in Britain since the early 20th century. Seymour published a wide range of works on anarchist subjects. He was involved in the late 19th century radical community in London and it seems likely that Seymour printed material for many individuals and groups.
Seymour was involved in many groups and causes during the latter 1900s. He was a founding member of Free Currency Propaganda and produced a pamphlet called The Monomaniacs: A Fable in Finance.
In the early 20th century, Seymour became involved in the nascent gramophone industry. He introduced Edison's phonograph to Britain in 1913, and wrote about it in Sound Wave magazine. He wrote The Reproduction of Sound in 1917, described as "acknowledged as the standard work on the subject" in the industry at the time.[8][9] He produced a gramophone called the Superphone and was responsible for many innovations in gramophone technology.
Seymour was key in the development of EMG Gramophones and produced parts for the early production models.
In his later life Seymour became involved in the Francis Bacon Society, and was the editor of the society's journal, Baconiana.
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