One Place Mises Went Very Wrong, and Marx Was Correct

Mises held that labor is (almost) always something to be avoided in life, that it has disutility, and that the only point of it is to be able to purchase consumer goods. Interestingly, he recognized an exception: himself. He didn't dislike his work; in fact, he lived for it. So he created a separate category of human being to explain this: the creative genius.

But the truth about labor is that life is incomplete without it: everyone needs meaningful work in their life:

"As a former Marxist, his analysis always held labor, particularly when self-directed or done voluntarily in cooperation with others, in high esteem because of the ethic of responsibility it produced. Work wasn’t, or shouldn’t be, just a means to put food on the table or a roof over your head. Rather it provided meaning, dignity, and moral instruction, something not found by repeating mind-numbing tasks over and over at someone else’s direction."


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