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Austrian School

Book Review: 'The Economic Theory of the Leisure Class'

Karl Marx and His Critics: Do Profits Grow on Thistles?

'The Economic Theory of the Leisure Class', by N. Bukharin, (Martin Lawrence, 7/6 net.)

Since the days when Marx analysed the Capitalist system of producing and distributing wealth, laid bare the secret of value, and demonstrated how surplus value is obtained, the agents of the master class have been engaged in numberless attempts to “explain” why the Capitalist is entitled to his profits. A legion of Professors of Political Economy have entered the lists against Marx, with disastrous results to themselves. Journalists and publicity writers have tried their hands where the experts have failed, with even more lamentable results.

Beyond Capitalism

In 1968 an article written by a member of the Socialist Party, entitled "Smash Cash", appeared in the magazine OZ. Some years later the author of that article, David Ramsay Steele, was converted to the free market ideas of Ludwig von Mises which he expounds in a book just published, From Marx to Mises: Post Capitalist Society and the challenge of Economic Calculation.

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