Note 906 — Chapter II · : STATE SOCIALISM

Cf. Zur Erkenntniss, pp. 7-10: “Every economic good costs labour and only labour.” In the third of the Soziale Briefe he expresses this idea in a slightly different form: “All economic goods are the product of labour” (Schriften, vol. ii, pp. 105-106). Developing the same thought, he declares that this formula means: (1) that “only those goods which have involved labour should figure in the category of economic goods”; (2) that, “economically speaking, goods are regarded, not as the product of nature or of any other force, but simply as the product of labour”; (3) that “goods economically considered are just the product of labour, carried out by means of the material operations which are necessary for production.” The work of industrial direction and its remuneration are regarded in the same light. Cf. Schriften, vol. ii, p. 219.