1. Marx's Theory of Capitalism: How Does It Shape Our World Today? 2. Karl Marx: His Life and Legacy 3. What We Can Learn From Karl Marx's Critique of Capitalism 4. The Relevance of Karl Marx's Ideas in the 21st Century 5. Karl Marx and the Origins of Socialism 6. Was Karl Marx Right About Capitalism? 7. The Impact of Karl Marx's Economic Theories 8. The Role of Karl Marx in the Development of Modern Economics 9. Examining the Continuing Influence of Karl Marx's Ideas 10. How Karl Marx's Ideas Still Resonate Today
Despite the massive intellectual feat that Marx’s Capital represents, the Marxian contribution to economics can be readily summarized as virtually zero. Professional economics as it exists today reflects no indication that Karl Marx ever existed.
Today, May 1, is May Day. It is celebrated by communists in many countries. So I thought it would be a good idea to take stock and see where we are on the road to the communist ideal. In The Communist Manifesto, Karl Marx and Friedrich Engels laid out 10 interim measures on the […]
May 5 is the birthday of Karl Marx. I published a version of this post five years ago, on the occasion of the 200th anniversary of Marx's birth. This is a very slightly updated version. ______________ Here's a characteristic little taste of Karl Marx's writing that I ran across the other day. It's from Economic and
Karl Marx’s high academic stature outside of economics diverges sharply from his peripheral influence within the discipline, particularly after nineteenth-century developments rendered the labor theory of value obsolete. We hypothesize that the 1917 Russian Revolution is responsible for elevating Marx into the academic mainstream. Using the synthetic control method, we construct a counterfactual for Marx’s […]
TweetPhil Magness busts three myths about Karl Marx. Robert Poole offers a brief history of single-family zoning. Steven Greenhut warns us not to confuse ‘local control’ with small government. Cleaned by capitalism. Wall Street Journal columnist James Freeman reports on […]
Karl Marx once said that history repeats itself. One look at the current fashion trends and we can see that’s true. Fads from the 60s, 70s, and 80s are coming back to life. Vintage clothing brands allow you to relive the glory days of decades past. If you want, you can wear a different era […]