Mises Wire

The well-read Marxist

The well-read Marxist

One of my favorite websites is the Marxists Internet Archive (marxists.org). The folks there maintain a huge volume of Marxist writings. In addition, they provide online books and articles that are essential to the well-read Marxist -- as well as the free market Misesian looking to do some research.

One of those books is from none other than Eugen von Böhm-Bawerk. That's right, the site includes a free version of his Karl Marx and the Close of His System. And they give the book fair treatment with this summary:

Written in 1896 for a series of independent Essays on Political Science, Böhm-Bawerk's work has held up as a classic criticism of Marxist economic theory. In Capital Vol I., Marx explained the profits of capital as resulting from surplus value. He left open the problem of explaining how capitalists with differing ratios of labor to machinery can have similar profits, a contradiction to be resolved in further works. Marx, in Capital Vol III, takes up the matter again, but according to Böhm-Bawerk's essay, does not resolve the issue logically. He concludes with a critique of his contemporary, Werner Sombart's interpretation of Marx in Sombart's essay, "Zur Kritik des ökonomischen Systems von Karl Marx".

Ironically, while the site claims to maintain over 8 gigabytes of written material, it's this one book that turns the rest of the Marxist scholarship into nothing more than interesting relics of our past. Yet the Marxists continue on, just like our two major parties and their continual rehashing of the same old economic nonsense. It must be tough being an ideologue in the face of a Böhm-Bawerk or Ron Paul. Of course, invalid theories and a pocket full of scapegoats have worked for centuries.

All Rights Reserved ©
Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. 

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member
Mises Institute