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Karl Marx and the Close of His System

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Explore one of the most intellectually rigorous and influential critiques of Marxist economics ever written.

First published in 1896, Karl Marx and the Close of His System by renowned Austrian School economist Eugen von Böhm-Bawerk remains a foundational text in the study of political economy. Böhm-Bawerk systematically takes apart the core arguments laid out in Karl Marx’s Das Kapital, exposing what he argues are critical logical contradictions between the first and subsequent volumes.

Focusing heavily on the flaws within the Labor Theory of Value, this work brilliantly contrasts Marxist economic modeling against the realities of supply, demand, and subjective consumer utility.

Why This Text Matters:

  • Definitive Austrian Economics: A masterclass in classical market theory vs. state-controlled economic planning.

  • Logical Breakdown: Delivers a clear-headed, respectful, yet devastating analysis of Marx’s theories of surplus value and capital.

  • Historical Impact: Widely credited with changing the trajectory of economic debates in the late 19th and early 20th centuries.

Product Highlights
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Language
English
Binding
Paperback
Eugen von Bohm-Bawerk

Eugen von Bohm-Bawerk

Eugen von Bohm-Bawerk was an Austrian economist and statesman, born in Brno in 1851. He worked in the Austrian Ministry of Finance, taught at the University of Innsbruck from 1881 and became professor there in 1884. He served as Austrian Minister of Finance briefly in 1895 and again from 1900 to 1904, and was a member of the upper chamber from 1899. In 1904 he took a chair at the University of Vienna and in 1911 became president of the Academy of Sciences. His major work is the three-volume Capital and Interest; in 1896 he published Karl Marx and the Close of His System, a critique of Marx's economics.
About the author Eugen von Bohm-Bawerk
Austrian economist, three-time finance minister and professor at the University of Vienna

Eugen von Bohm-Bawerk was an Austrian economist and statesman, born in Brno in 1851. He worked in the Austrian Ministry of Finance, taught at the University of Innsbruck from 1881 and became professor there in 1884. He served as Austrian Minister of Finance briefly in 1895 and again from 1900 to 1904, and was a...