Mises Wire
Author:
David Gordon
Online Publish Date:
If asked to name the foremost critic of Marxism, most economists sympathetic to the free market would name Eugen von Böhm-Bawerk, who in his treatise Capital and Interest and his separate brochure Karl Marx and the Close of His System demolished the labor theory of value, the linchpin of Marxist economics. But the labor theory is but one part of