Wednesday, March 22, 2006

Making Marx's Mistakes

Are today's libertarians making some of the same mistakes that Marx made. In an essay on our sister site we argue that is the case. Libertarians are making two errors. One is that they assume that all activism has value. This is a variant of Marx's labor theory of value. The second is that many think all libertarian should be involved in all aspects of activism. They forget the lessons regarding division of labor and comparative advantage. These principles can apply to political activism as well.