https://medium.com/@jimfarmelant/what-are-some-good-arguments-against-marxism-or-socialism-in-general-3124fed1f1d5
 ( 
https://medium.com/@jimfarmelant/what-are-some-good-arguments-against-marxism-or-socialism-in-general-3124fed1f1d5
 )

Probably the best theoretical arguments against socialism are the socialist 
calculation arguments that were first -presented by Ludwig von Mises, Max 
Weber, and Friedrich Hayek. These arguments purported to establish that in a 
socialist economy, even in theory, it would be impossible for central planners 
to rationally allocate resources. However, as Mark Lindley and myself attempted 
to show, there are some good rebuttals to these arguments.

*A 21 st -Century Perspective on the “Socialist-Calculation Debate” re: 
Economic Planning* ( 
https://www.academia.edu/101011367/A_21_st_Century_Perspective_on_the_Socialist_Calculation_Debate_re_Economic_Planning
 )

While as far as the best arguments against Marxian economics are concerned, I 
think ones came from the Austrian economist Eugen von Böhm-Bawerk in his book 
*Karl Marx And The Close Of The His System* ( 
https://archive.org/details/in.ernet.dli.2015.59432/page/n3/mode/2up ) *.* Even 
today, most of the criticisms that mainstream economists make of Karl Marx’s 
economic theories, derive directly or indirectly from Böhm-Bawerk.

I gave my evaluation of Böhm-Bawerk’s arguments in another post, “What are some 
of the best critiques of Marxist economics?” ( 
https://medium.com/@jimfarmelant/what-are-some-of-the-best-critiques-of-marxist-economics-9a8d572c9e24
 ) There, I noted that Marxist rebuttals to Böhm-Bawerk made the following 
points:

* He treated Marx’s “value” as if it were a direct price-theory (like 
Ricardo’s). But many Marxists have contended that Marx’s labor theory of value 
was not intended to be a price-theory.
* Along those lines, Marx’s defenders have responded to Böhm-Bawerk by arguing 
that value is a conceptual framework for analyzing capitalist dynamics 
(exploitation, accumulation, crisis), not a literal price calculator.
* Marx’s law of value explains how surplus value originates in labor, while 
prices of production explain how it is distributed among capitalists. No 
contradiction — just different levels of abstraction.


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