Thomas Hodgskin


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Hodgskin, Thomas

 

Born 1787; died 1869. British economist and Utopian socialist.

Hodgskin criticized capitalism in his works Labor Defended Against Capital (1825; Russian translation, 1938) and Popular Political Economy (1827; Russian translation, 1938). Continuing the best traditions of bourgeois classical political economy, Hodgskin demonstrated that the sole .source of value was labor and that the capitalist appropriated part of the worker’s labor. Hodgskin understood capital not as a thing but as a social relationship of producers, as a means of acquiring power over labor. K. Marx noted that Hodgskin had “correctly grasped the nature of capital” (K. Marx and F. Engels, Soch., 2nd ed., vol. 26, part 3, p. 308).

WORKS

Sochineniia. Moscow, 1938. (Translated from English.)

REFERENCES

Marx, K. Teorii pribavochnoi stoimosti (vol. 4 of Das Kapital), part 3, ch. 21.
Marx, K., and F. Engels. Soch., 2nd ed., vol. 26, part 3.
Rozenberg, D. I. Istoriia politicheskoi ekonomii. Moscow, 1940. Pages 334–38.
References in periodicals archive ?
Thomas Hodgskin, Josiah Warren, William Lloyd Garrison, Ezra Heywood, Auberon Herbert, Lysander Spooner, Benjamin Tucker, Sarah Holmes, and Voltairine de Cleyre make poor casting as elitists; indeed, many called themselves "socialists" despite their support for free markets and private property because they saw inequality and the position of the privileged classes as the result of government intervention.
Lecturing at the London Mechanics' Institute, the reforming journalist Thomas Hodgskin, who was an influence on Karl Marx, argued that Newton was little more than a product of his time, able to gather up the researches of others and form them into a synthesis.