Last Updated：2022/12/24
Actually, it was Böhm-Bawerk, one of the prominent leaders of the Austrian school [12], who used the ‘mud pie argument‘ to attack the classical economists in general and Karl Marx in particular for using the labour theory of value. The fact that a product ‘costs‘ a certain amount of labour does not mean that it has some value.
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Actually,
it
was
Böhm-Bawerk,
one
of
the
prominent
leaders
of
the
Austrian
school
[12],
who
used
the
‘mud
pie
argument‘
to
attack
the
classical
economists
in
general
and
Karl
Marx
in
particular
for
using
the
labour
theory
of
value.
The
fact
that
a
product
‘costs‘
a
certain
amount
of
labour
does
not
mean
that
it
has
some
value.
