There are plenty of arguments against Marxism, and we make several in this episode. But there’s one, by Eugen von Bohm-Bawerk, that crushes Marx. That’s because it stipulates, for the sake of argument, that Marx is correct about the labor theory of value and so much else in his system. And it shows that even then, his system comes up against a contradiction that cannot be resolved. I welcome G.P. Manish, associate professor of economics at the Sorrell College of Business at Troy University, back to the show.
About the Guest
G.P. Manish is a professor of economics at the Sorrell College of Business and a member of the Manuel H. Johnson Center of Political Economy at Troy University.
Sponsor
Skillshare is an online learning community with over 20,000 classes in design, business, and more. Get two months of Skillshare for 99 cents by going to skillshare.com/woods.
Article Discussed
“Labor and Capitalist Exploitation: Böhm Bawerk and the Close of Marx’s System,” by G.P. Manish
Guest’s Website
Previous Appearances
Ep. 801 Making Poor Countries Rich: Austrian School Insights
Ep. 24 Keynes and his Errors
Contra Cruise Contest
Enter to win passage with us!
The Contra Cruise!
Join Bob Murphy and me for our 2018 cruise, featuring special guests and tons of fun!
Free Resources!
1) Free guide on how to start your blog or website. Click here to get it. Plus, check out my step-by-step video taking you from no blog to a blog in about five minutes!
2) Free publicity for your blog. As a special thanks if you get your hosting through one of my affiliate links (this one for Bluehost, or this one for WP Engine), I’ll boost your blog. Click here for details.
3) Free History Course: The U.S. Presidents — Politically Incorrect Edition. Get access to this 22-lesson course: 22 videos, 22 mp3 files for listening on the go, and a bibliography of reliable books on the presidents. Get it at FreeHistoryCourse.com!.
4) $160 in Free Bonuses. Free signed copy of my New York Times bestseller The Politically Incorrect Guide to American History, plus a free 10-lesson bonus course on the foundations of liberty, plus a free year’s subscription to LibertyClassroom.com, when you subscribe to the Ron Paul Curriculum site through RonPaulHomeschool.com.
5) Free Books. Boost your intellectual ammunition with my free libertarian eBooks, including 14 Hard Questions for Libertarians — Answered, Bernie Sanders Is Wrong, and Education Without the State. Find them at TomsFreeBooks.com.
Audio by Chris Williams Audio.
