Abstract

Marxism from a false starting point. Finally, I will demonstrate how Austrianism in the Mises—Rothbard tradition can give a correct but categorically different explanation of their validity. bet me begin with the hard core of the Marxist belief system: (1) "The history of mankind is the history of class struggles."2 It is the history of struggles between a relatively small ruling class and a larger class of the exploited. The primary form of exploitation is economic: The ruling class expropriates part of t.he productive output of the exploited or, as Marxists say, ‘it appropriates a social surplus product" and uses it for its own consumptive..