v. Kirchmann had recognised the problem of balancing production and

consumption to be indeed a problem of accumulation, that is to say of enlarged capitalist reproduction. Both traced the disturbances in the equilibrium of reproduction to accumulative tendencies denying the possibility of accumulation, with the only difference that the one recommended a damper on the productive forces as a remedy, while the other favoured their increasing employment to produce luxuries, the entire surplus value to be consumed. In this field, too, Rodbertus follows his own solitary path. The others might try with more or less success to comprehend the _fact_ of capitalist accumulation, but Rodbertus prefers to fight the very concept. 'Economists since Adam Smith have one after the other echoed the principle, setting it up as a universal and absolute truth, that capital could only come about by saving and accumulating.'[268]

Rodbertus is up in arms against this 'deluded judgment'. Over sixty pages of print he sets out in detail that (_a_) it is not saving which is the source of capital but labour, that (_b_) the economists' 'delusion' about 'saving' hails from the extravagant view that capital is itself productive, and that (_c_) this delusion is ultimately due to another: the error that capital is--capital.