The Exploitation Theory of Socialism-Communism is an  extract from Volume I, History and Critque of Interest  Theories.  It is a brilliant brief in defense of interest  in any economic system, and a thorough rebuttal of the  Marxian structure.  It is probably the most interesting,  and politically the most momentous, part of Von Bohm-Bawerk  analysis.  After all, Marxian thought pervades the world.  Even in the United States, the exploitation theory has  swayed public opinion and permeated both political parties.  It has given rise to a "New Deal" in social and economic  matters and a powerful labor union movement.  The notion  of labor exploitation by businessmen and corporations  continues to determine basic economic policies on all levels  of government, from labor legislation to Social Security and  income taxation. Von Bohm-Bawerk rejoinder provides the only  logical defense from the onslaught by the exploitation  doctrine, which in the end breeds political and social  radicalism.  Many see the results of Marxian imperfections,  but few people actually know the reasons for failure.  The Exploitation Theory supplies the answers.  Von Bohm-Bawerk's  most controversial analysis.

The exploitation theory of socialism-communism: the idea that all unearned income (rent, interest, and profit) involves economic injustice : an extract

The exploitation theory of socialism-communism: the idea that all unearned income (rent, interest, and profit) involves economic injustice : an extract PDF

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