David Gordon

Ludwig von Mises argued that (1) economic calculation under socialism is impossible, and that (2) the lack of calculation would entail chaos and starvation. In these pages, Bryan Caplan has accepted the first claim but rejected the second, and has argued further that in real‐world attempts to implement socialism, it was the lack of incentives, not the absence of economic calculation, that was responsible for economic chaos. I suggest, against Caplan's interpretation, that by “chaos” Mises meant the lack of calculation, rather than some further state of affairs entailed by this lack. So interpreted, Mises's argument escapes the brunt of Caplan's criticisms.

The last two decades have seen Marxism's academic renascence. In fields as diverse as law, literary criticism, history, and philosophy, Marxism once again captivates no small number of scholars. In part, this reassessment is driven by the efforts of a group of philosophers and economists to reconstruct Marx from the ground up on a more rigorous basis. The work of these "Analytical Marxists" -- who include G.A. Cohen, Jon Elster, and John Roemer -- is given a sustained examination and critique in David Gordon's Resurrecting Marx. The charge of the Analytical Marxists that capitalism is inherently exploitative and unjust is the primary subject of Gordon's book. Gordon takes issue with that contention; he argues that the Analytical Marxists' withering criticism of classical Marxism is essentially correct, but that they fail to replace it with a superior theoretical edifice. Gordon also analyzes the Analytical Marxists' reformulation of the Marxian notion of exploitation, the implications of their rejection of the labor theory of value, their differences over what rights people have, and their arguments for the compatibility of markets with socialism.

Is a Marxist society liable to be an oppressive one? To ask this question is immediately to pose two others: what is meant by Marxism; and what counts as an oppressive society? To take these questions in reverse order, by an oppressive society I shall mean one in which, other things being equal, people do not possess basic civil liberties. Examples of basic civil liberties include, but are not limited to, freedom of religion, freedom of speech, freedom of assembly, and, if the society has a political system, the freedom to participate in that system. An example of what I mean by basic civil liberties is the system of basic liberties discussed by Rawls; the United States Bill of Rights is another example