The Economic Theory of the Leisure Class

"The Economic Theory of the Leisure Class" is a foundational Marxist critique of marginal utility theory and the Austrian School of economics. Written by Nikolai Bukharin, this work provides a rigorous analysis of the "rentier" class-the segment of the bourgeoisie that subsists on interest and dividends rather than active participation in the production process. Bukharin systematically deconstructs the subjective value theories championed by economists such as Eugen von Böhm-Bawerk, arguing...