CJay Engel

Creator and Editor of Austro Libertarian. Lives in Northern CA, runs several businesses, spends time with his family, and reads as much economics and political theory as possible.

Episode 8: Defining Socialism and Democratic Socialism

subscribe Episode 8 Defining Socialism and Democratic Socialism In this episode, we review the meaning of socialism and describe its historical definition and compare it with the message that is being pushed by the contemporary trend of so-called democratic socialism.   Episode 8 Defining Socialism and Democratic Socialism In this episode, we review the meaning …

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Episode 7: The Invisible Hand and the Austrian School

subscribe Episode 7 The Invisible Hand and the Austrian School On the contribution of the Austrian School that clarified the component of the market process that guided resources across the stages of production in a rational and productive way.   Episode 7 The Invisible Hand and the Austrian School On the contribution of the Austrian …

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Episode 6: Against Marx’s Exploitation Theory

subscribe Episode 6 Against Marx’s Exploitation Theory An overview of the Marxian theory of the capitalist as exploiter and how Bohm-Bawerk dismantled the Exploitation Theory by leveraging Mengerian subjective theory of value. Episode 6 Against Marx’s Exploitation Theory An overview of the Marxian theory of the capitalist as exploiter and how Bohm-Bawerk dismantled the Exploitation …

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The Fair Share of Billionaires

It is becoming increasingly fashionable to agitate against the very existence of billionaires. Recently, for instance, Business Insider summarized a statement of Congresswoman Alexandria Ocasio-Cortez as follows: “[she] said a society that “allows billionaires to exist” while some Americans live in abject poverty is “immoral.” Echoing this sentiment, Elizabeth Warren repeateda very popular sentiment among the mainstream …

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Bohm-Bawerk Against Marxian Exploitation Theory

As Mises predicted, government interventionism has wrought economic pain for the very people groups it was intended to benefit. This economic pain has, also predictably, resulted in a growing voice amongst an agitated public against capitalism, or at least what they perceive it to be. In its stead, many of the themes and narratives of …

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