Johann Karl Rodbertus (August 12, 1805, in Greifswald, Swedish Pomerania – December 6, 1875, in Jagetzow), also known as Karl Rodbertus-Jagetzow, was a German economist and socialist and a leading member of the Linkes Zentrum (centre-left) in the Prussian national assembly. He defended the labor theory of value, as well as the view, which it implied, of interest or profit being theft. He believed that capitalist economies tend toward overproduction.
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Karl Rodbertus-Jagetzow in the context of Commodity (Marxism)
In classical political economy and especially Karl Marx's critique of political economy, a commodity is any good or service ("products" or "activities") produced by human labour and offered as a product for general sale on the market. Some other priced goods are also treated as commodities, e.g. human labor-power, works of art and natural resources, even though they may not be produced specifically for the market, or be non-reproducible goods. This problem was extensively debated by Adam Smith, David Ricardo, and Karl Rodbertus-Jagetzow, among others. Value and price are not equivalent terms in economics, and theorising the specific relationship of value to market price has been a challenge for both liberal and Marxist economists.