TGIF: Austrian Exploitation Theory

Eugen von Böhm-Bawerk (1851-1914), the second-generation giant of Austrian economics, famously refuted the theory, most commonly associated with Marx, that the employer-employee relationship is intrinsically exploitative. Less well known is that Böhm-Bawerk had an exploitation theory of his own.

The rest of TGIF: Austrian Exploitation Theory is here.