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A history of economic doctrines

Note 914 — Chapter II · : STATE SOCIALISM

R. (Robert) Richards translation

The idea that entrepreneurs base their production upon the demand of the higher classes is a somewhat novel one, but it is quite definitely stated by Rodbertus. “The classes can only influence the market in proportion to the quantity of the social product which is given them. But the entrepreneurs must determine the quantities which they will produce, according to the size of their demands.” (Kapital, pp. 51-52. Cf. also pp. 170-171.) It is quite obvious, on the contrary, that the entrepreneurs base their production solely upon the demand for the particular goods which they manufacture, and that they are quite indifferent to the share which goes to the higher classes.

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