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Tuesday, March 03, 2009

Bohm-Bawerk, Eugen von

Bohm-Bawerk, Eugen von. Karl Marx and the Close of His System. 1896, etc. London: Unwin. 221 pp.

Until the appearance of Socialism by Ludwig von Mises (q.v.), this was by far the best criticism of the economics of Karl Marx. For the points that it covers - chiefly the fallacies of the Marxian labor theory of value - it is still superb, unanswerable, and irreplaceable.

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