Eugen Böhm Ritter von Bawerk (short form: Eugen von Böhm-Bawerk, Austrian German: [fɔn bøːm ˈbaːvɛrk]; born Eugen Böhm, 12 February 1851 – 27 August 1914) was an Austrian-school intellectual and political economist who served intermittently as the Minister of Finance of Austria between 1895 and 1904. Böhm-Bawerk is noted for the theory of Roundaboutness, which emphasizes the time intensity, not only capital intensity, of investments in capital goods to increase productivity. He advanced an interest rate theory centered on time preference. He also wrote an extensive critique of Marxism and Marx's labor theory of value.
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👉 Eugen von Bohm-Bawerk in the context of Anti-Marxist
Criticism of Marxism has come from various political ideologies, campaigns and academic disciplines. This includes general intellectual criticism about dogmatism, a lack of internal consistency, criticism related to materialism (both philosophical and historical), arguments that Marxism is a type of historical determinism or that it necessitates a suppression of individual rights, issues with the implementation of communism and economic issues such as the distortion or absence of price signals and reduced incentives.
In addition, critics have raised empirical and epistemological concerns, arguing that Marxism relies on vague or unfalsifiable theories, resists refutation through dialectical reinterpretation, and has failed key predictions about capitalist collapse and socialist revolution.