Publisher's Synopsis
Excerpt from The Quarterly Review, Vol. 199: Comprising Nos; 397, 398; January and April, 1904
The reason, say the modern socialists, why their predecessors failed, was this. They failed to see how existing evils could be remedied, because they had failed to see, by any scientific analysis, in what precise con ditions existing evils originated. The first socialistic thinker who addressed himself to this task, and gave to socialism a true scientific basis, was, they say, Karl Marx. This writer is known to the world, and ao quired his position in the ranks of the socialistic party, mainly through his treatise on capital, published about the middle of the nineteenth century. The part of this work which his admirers most eagerly welcomed, and which formed for many years their chief argumentative weapon, was the theory of surplus value.
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