Bohm-Bawerk individual essays have been combined in Shorter Classics. This volume represents his expansion, examination, and improvement of his system. It includes the famous essay on "Karl Marx and the Close of his System," which undoubtedly is the best-known critique of Marx ever written, and four other sagacious essays: "The Austrian Economists" "Whether Legal Rights and Relationships are Economic Goods" "The Ultimate Standard of Value" "Control or Economic Law?"
In the last essay, published posthumously, Bohm-Bawerk analyzed the crucial questions of government intervention: can political law, regulation or coercion of any kind negate or overwhelm "economic law?" What are the consequences of government intervention or labor union coercion on economic production and individual income? Can government controls or union restraints raise the incomes and improve the conditions of all working people? In the wide realm of economics there are no more important questions than these.
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