Monday, October 26, 2015

David F. Ruccio — Marx’s relevance today


David Ruccio amplifies Chris Dillow's recent post on the continuing relevance of Marx. He also links Marx's to the classical economics of the time that Marx was both extending and correcting.

Nice Adam Smith quote as a bonus, showing how ideas generally associated with Marx were already reflected in Smith.

Occasional Links & Commentary
Marx’s relevance today
David F. Ruccio | Professor of Economics, University of Notre Dame

1 comment:

Jan M said...

"Criticism continues to be fascinated by the Marxian thinking and struggling with their overcoming, equally, anxious is it on the other hand, to emphasizing their "outdated" and "unreasonable" character - yes, oftentimes we find them prepared as products of , a fallacy that without much difficulty should be anticipated by a twelve years children...- and what Marxian economic theory is concerned, it is buried under such a load of scholars objections that it is hard to believe that it could ever have existed.
It is clear - to borrow one by Ingmar Hedenius borrowed, cliche - that "something must be amiss here." You will not continue year after year to spend time and efforts to a refute a opinion that long ago is definitely refuted. Already the tide of ever new death certificates must arouse the suspicion that something is wrong with the exhibitors reliability. "Marxism autopsy" - so reads the significant title of a work which in 1941 came out in Swedish translation. It was written by an American professor named Parkes merrily whistling, rolled up his sleeves to with a dissection knife's help convince the doubting. But he must nevertheless have a feeling that the corpse looking at him, for he argues all the time in the present form, and resorting to the most intricate incantations to retain it in its place. And it´s the same way with the rest of the crowd of more or less professional marx-eatars - from Sombart and Böhm-Bawerk to Max Eastman, Cassel and Tingsten."
The Marxist worldview-1947 by Arnold Ljungdal (1901 - 1968) Swedish writer, translator, philosopher and politician (Social Democrat)
https://www.marxists.org/svenska/ljungdal/1947/varldsbl.htm