Economics Dictionary of Arguments

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Classes: In logic, a class is a collection of objects that share a common characteristic or property. Statements about classes can be expressed using logical symbols, such as "∈" for membership and "⊆" for subset. Identity of classes is provided by same elements (extension) - or identity of properties by the same predicates (intension). See also Sets, Set theory, Subsets, Element relation. - B. Classes in political theory refer to societal groups sharing economic interests, often defined by their relationship to production and resources. See also Society, Conflicts.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Ludwig von Mises on Classes - Dictionary of Arguments

Rothbard II 404
Classes/Mises/Rothbard: Mises: 'The theory of irreconcilable class conflict is illogical when it stops short at dividing society into three or four large classes. Carried to its logical conclusions, the theory would have to go on dissolving society into groups of interests till it reached groups whose members fulfilled precisely the same function. It is not enough to separate owners into landowners and capitalists. The differentiation must proceed until it reaches such groups as cotton spinners who manufacture the same count of yarn, or the manufacturers of black kid leather, or the brewers of light beer.... No special common interest unites the owners of arable land, of forests, of vineyards, of mines, or of urban real estate... There are no common interests among labourers either. Homogeneous labour is as non-existent as the universal worker. The work of the spinner is different from the work of the miner and the work of the doctor... Nor is unskilled labour homogeneous. A scavenger is different from a porter'.(1)
Rothbard II 392
Mises: 'On the market there are always only Single individuals... Even Marx had to make a point of explaining that as purchases and sales are made only between Single individuals, it is not admissible to look to them for relations between social classes'.(2)
>Classes/Marx.

1. Ludwig von Mises, Socialism: An Economic and Sociological Analysis (4th ed., Indianapolis: Liberty Classics, 1981), pp. 300—301.
2. Von Mises, op. cit., note 16, p. 292; he notes that this passage in Vol 1 of Capital was not in the first 1867 edition, but was added by Marx in the French edition (1873). The insertion was connected to the desperate changes made by Marx in his theory in Volume HI of Capital, not published until after his death.


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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

EconMises I
Ludwig von Mises
Die Gemeinwirtschaft Jena 1922

Rothbard II
Murray N. Rothbard
Classical Economics. An Austrian Perspective on the History of Economic Thought. Cheltenham, UK: Edward Elgar Publishing. Cheltenham 1995

Rothbard III
Murray N. Rothbard
Man, Economy and State with Power and Market. Study Edition Auburn, Alabama 1962, 1970, 2009

Rothbard IV
Murray N. Rothbard
The Essential von Mises Auburn, Alabama 1988

Rothbard V
Murray N. Rothbard
Power and Market: Government and the Economy Kansas City 1977


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