Böhm-Bawerk's 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," and "Control
or Economic Law?" In the last essay, published posthumously, Böhm-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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