"Classical Economics vs. the Exploitation Theory"
by George Reisman
<p>This essay originally appeared in <em>The Political Economy of Freedom Essays in Honor of F. A. Hayek,</em> Edited by Kurt R. Leube and Albert H. Zlabinger (München and Wien: Philosophia Verlag, The International Carl Menger Library, 1985). Apart from a few changes in wording and the addition of a few paragraphs, the present version differs mainly in that endnote references have been updated to refer to works not in existence in 1985, in particular the author's book <em>Capitalism: A Treatise on Economics</em> (hereafter referred to simply as <em>Capitalism)</em> and his translation of Böhm-Bawerk's essay "<a href="http://mises.org/journals/qjae/pdf/qjae5_3_5.pdf">Value, Cost, and Marginal Utility.</a>"</p>Updated January 15, 2007
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