CHAPTER VI

MCCULLOCH, JAMES MILL AND TORRENS.

ANTICIPATION OF MARX’S THIRD VOLUME

§ 1. The interest which attaches to these three minor writers 61

§ 2. Samples of McCulloch’s extravagant dogmatism 62

§ 3. McCulloch anticipates Marx’s solution of the “organic

composition of capital” complication 64

§ 4. James Mill’s complete misapprehension of the nature of

the interest difficulty 70

§ 5. False move made by Torrens in defining the concept of

entrepreneur’s cost 74

§ 6. Shallow attempt of Torrens to avoid the interest difficulty

by a theory of “accumulated labour” 76

History and criticism of the labor theory of value in English political economy · 第 6 / 13 章