Wednesday, September 30, 2015

On Karl Marx and His Abandonment of Volume 3 of Capital

Professor Ralph Raico responds in an email to the commenters at the post Hayek on the Followers of Karl Marx, who raise the question on the evidence behind the reason why Marx abandoned further writing on Capital:
Marx abandoned volume three of Capital while attempting to write the chapter on "Classes." The reason was he had to face the total incoherence of his view on the subject. I deal with this in my article on "Classical-Liberal Exploitation Theory," published as "The Class that Exploits US," in my archive at



  1. Thanks so much for the response. This reminds me that it has been a while since I have listened to Raico's lectures on They are very informative and highly entertaining. History: The Struggle for Liberty, for example, is not to be missed.

  2. Gary North discusses this somewhat here in this masterful lecture from a Mises Circle event in the late '80s: