Gia Bawerk [hot]

Böhm-Bawerk was critical of Marx's theory of interest, arguing that it lacked a coherent explanation for the determination of interest rates. In his work, particularly in "The Positive Theory of Capital" and in his critical analysis of Marx's "Third Volume of Capital," Böhm-Bawerk endeavored to show the logical inconsistencies in Marx's treatment of interest.

Böhm-Bawerk was a fierce critic of Karl Marx. In his seminal essay, Karl Marx and the Close of His System , he delivered one of the most devastating logical critiques of Marxist economics. gia bawerk