ABSTRACT

But it does not appear in this form with the Physiocrats, because they have not yet reduced value in general to its simple substance – the quantity of labour or labour time. Their method of exposition (Darstellungsweise) is, of course, necessarily governed by their general view of the nature of value, which to them is not a definite social mode of existence of human activity (labour), but consists of material things – land, nature, and the various modifications of these material things.