Ep. 1176 The Anti-Marxist Argument That Clinches It
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 11 June 2018
⏱️ 51 minutes
🧾️ Download transcript
Summary
There are plenty of arguments against Marxism, and we make several in this episode. But there's one, by Eugen von Bohm-Bawerk, that crushes Marx. That's because it stipulates, for the sake of argument, that Marx is correct about the labor theory of value and so much else in his system. And it shows that even then, his system comes up against a contradiction that cannot be resolved. I welcome G.P. Manish, associate professor of economics at the Sorrell College of Business at Troy University, back to the show.
Transcript
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| 0:00.0 | The Tom Woods Show, episode 1176. |
| 0:03.5 | Prepare to set fire to the index card of allowable opinion. |
| 0:08.1 | Your daily dose of liberty education starts here, the Tom Woods Show. |
| 0:14.3 | Folks, we hear a lot of anxiety these days about people's jobs. |
| 0:17.2 | They're afraid of automation, robots taking their jobs, they're afraid of the pink |
| 0:21.0 | slip, they're afraid that maybe a tweet is going to get them fired. Well, whatever the case may be, |
| 0:25.3 | in the age of the internet, there's no excuse not to be starting on your side hustle that could |
| 0:30.3 | someday be converted into your primary gig. I've got some step-by-step approaches for you in my |
| 0:36.0 | free e-book over at paths to income.com. |
| 0:40.1 | Hi, everybody. Tom Woods here. We're talking about Karl Marx today. We're talking about Marx as an |
| 0:44.7 | economist, not as a philosopher or a theorizer of the laws of history or any of that stuff, |
| 0:52.4 | but specifically we're talking about economics, |
| 0:54.4 | and we're talking about this with G.P. Manish, who's been with us before. G.P. is an associate |
| 1:01.6 | professor of economics in the Sorrell College of Business at Troy University. He's also a member of |
| 1:07.4 | the university's Manuel H. Johnson's Center of Political Economy. |
| 1:11.8 | GP holds a Ph.D. at Economics from Suffolk University in Boston. He is the recipient of several |
| 1:18.2 | prizes in his field and is widely published in the academic literature. GP, welcome back. |
| 1:24.0 | Thanks, Don, thanks for having me again. All right, it's been quite a while. But when I saw your article about Marks and |
| 1:29.7 | Bambawberk, I thought, now's the time, especially because, my gosh, I don't recall in the past |
| 1:35.5 | there being quite so many tributes to the brilliance of Karl Marx on the, you know, the |
| 1:43.3 | anniversary of his birth. |
| 1:44.4 | It was insane. It was in all these mainstream outlets and everybody just spoke as if his |
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