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Karl Marx and the Close of His System

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Karl Marx and the Close of His System
Cover of the 1949 edition
AuthorEugen Böhm von Bawerk
Original titleZum Abschluss des Marxschen Systems
LanguageGerman
SubjectKarl Marx
Published
  • 1896 (in German)
  • 1898 (in English)
Publication placeGermany
Media typePrint (Hardcover and Paperback)
Pages224 (Orion reprint edition)
ISBN978-1466347687

Karl Marx and the Close of His System (German: Zum Abschluss des Marxschen Systems) is an 1896 book about the philosopher Karl Marx by the Austrian economist Eugen Böhm von Bawerk, in which the author critiques Marx's economic theories.

Background

Böhm von Bawerk's work first appeared in 1896, in Staatswissenschaftliche Arbeitern: Festgaben für Karl Knies, a collection of essays in honor of the German economist Karl Knies. It was published as a separate work later in 1896, and appeared in Russian translation in 1897 and in English translation in 1898.[1]

Summary

Böhm von Bawerk discusses and criticizes the work of Karl Marx.[2]

Reception

Karl Marx and the Close of His System has been seen as one of the most important discussions of Marx's economic theories, along with Rudolf Hilferding's Böhm-Bawerk's Criticism of Marx, a defense of Marx against Bawerk.[3] Bawerk's work is the "classical" critique of Capital.[4] Most subsequent critiques of Marxist economics have repeated Bawerk's arguments.[5] Marxist economist Ernest Mandel identifies Karl Marx and the Close of His System as part of a literature, beginning with German social democrat Eduard Bernstein, that criticizes the dialectical method Marx borrowed from Georg Wilhelm Friedrich Hegel as "useless", "metaphysical", or "mystifying." He faults Böhm-Bawerk and the other critics for what he regards as their "positivist narrowness".[6]

The Marxist economist Paul Sweezy rejects Bawerk's view that the theory of value must be abandoned. However, he considers Karl Marx and the Close of His System to be the best statement of the argument that the fact that the law of value is not directly controlling in capitalist production requires the rejection of the theory of value.[5]

References

  1. ^ Sweezy 1949, p. vi.
  2. ^ Sweezy 1949, pp. 3–118.
  3. ^ Sweezy 1949, p. v.
  4. ^ McLellan 1995, p. 439.
  5. ^ a b Sweezy 1968, p. 70.
  6. ^ Mandel 1990, p. 22.

Bibliography

Editions
Books
  • Mandel, Ernest (1990). "Introduction". In Mandel, Ernest; Marx, Karl (eds.). Capital Volume I. London: Penguin. pp. 11–86. ISBN 0-140-44568-4. {{cite book}}: Invalid |ref=harv (help)
  • McLellan, David (1995). Karl Marx: A Biography. London: Papermac. ISBN 0-333-63947-2. {{cite book}}: Invalid |ref=harv (help)
  • Sweezy, Paul M. (1968). The Theory of Capitalist Development. New York: Monthly Review Press. {{cite book}}: Invalid |ref=harv (help)