Karl Marx and the Close of His System
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Description: One of the first articles from a liberal economist to directly attack Marxist economics.
Political Economy-Authors-Bohm-Bawerk Written in 1896 for a series of independent Essays on Political Science, work has held up as a classic criticism of Marxist economic theory. In 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
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| Page title: | Political Economy-Authors-Bohm-Bawerk |
| Keywords: | Political Economy, Bohm-Bawerk |
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| IP-address: | 72.13.82.90 |