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Sunday, March 15, 2009 - 12:58pmSanction this postReply
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It is a good article, but I still puzzle over something. Marx was a German scholar yet to the best of my knowledge he never refuted Smith. That is very curious.

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Sunday, March 15, 2009 - 2:29pmSanction this postReply
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His 'beef' was actually with Ricardo, and his reasoning was taking Ricardo's logic to its flawed end... it remained for Carl Menger and Eugen von Böhm-Bawerk and von Mises to correct Ricarrdo's errors and thus invalidate Marx's contentions...

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Monday, March 16, 2009 - 11:48amSanction this postReply
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An impressive essay, to be sure.  Much of it is well-known, but I sanctioned for the thesis that Marx and Smith were both "classical" economists who accepted the labor theory of value, though it led them in different directions. 

In all my years, I never read that from anyone else.  (My ignorance being as it may, I benefited from the reading, hence the Red Check.)


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