Chris and Class

Michael Perelman michael at
Sat Aug 28 13:51:15 MDT 1999

Chris is absoletely correct to say that there are a number of strong similarities
between Marx's method and the Austrians, except in the matter of class.  The Austrians
start from the perspective of individualism.  Class, as you will see from his not, is
introduced by way of the state, not the market.  Once the state is held in check,
class disappears.

So the class struggle is a struggle against the state.

One minor factual note: Kolko does show that free entry had to be stopped by the state
to protect monopolistic industries, but with free entry, the railroads -- the industry
he most carefully  studies -- would have gone bankrupt.

Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at

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