Economics/Class Relations

Was Karl Marx Right About Anything?

This is an interesting discussion by Tom Woods exploring the similarities and differences between Marxist and Austrian class theory. The basis of the discussion is an article by Hans Hermann Hoppe suggesting that Marx was essentially correct about everything but the labor theory of value. This analysis of Hoppe that Tom is discussing fits well with Murray Rothbard’s essay from the mid-1960s called “Left and Right: Prospects for Liberty” where Rothbard argued that libertarianism is historically to the left of socialism.

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