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.
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“Labor and Capitalist Exploitation: Böhm Bawerk and the Close of Marx’s System,” by G.P. Manish
Ep. 801 Making Poor Countries Rich: Austrian School Insights
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