B

As early as 1884, in his Capital and Interest, Bohm-Bawerk joined issue with the first volume of Capital, and soon after the publication of the third volume of that work he issued a detailed criticism the substance of which was reproduced in the second edition of his Capital and Interest. He believes he has proved the untenability of economic Marxism, and confidently announces that "the beginning of the end of the labor theory of value" has been inaugurated by the publication of the third v...