Monday, April 23, 2018

Marx Today

As the 200th anniversary of Marx’s birth gets closer, a host of conferences, articles and books on the legacy of Marx and his relevance today are emerging – including my own contribution. The most interesting was a speech last week by the governor of the Bank of England, Mark Carney in his homeland of Canada....
Michael Roberts Blog
Marx 200: Carney, Bowles and Varoufakis
Michael Roberts

See also

The Guardian — The Long Read
Yanis Varoufakis: Marx predicted our present crisis – and points the way out


Naked Keynesianism
On the blogs - Labor Theory of Value (LTV) Edition
Matias Vernengo | Associate Professor of Economics, Bucknell University

1 comment:

AXEC / E.K-H said...

Note on Marx Today

There is political economics and theoretical economics. The main differences are: (i) The goal of political economics is to successfully push an agenda, the goal of theoretical economics is to successfully explain how the actual economy works. (ii) In political economics anything goes; in theoretical economics, the scientific standards of material and formal consistency are observed.

Theoretical economics (= science) had been hijacked from the very beginning by political economists (= agenda pushers). Political economics has produced NOTHING of scientific value in the last 200+ years.

The worst blunder is profit theory. Marx, too, never came to grips with profit. For an overview see

The profit theory is false since Adam Smith

Ricardo and the invention of class war

Profit for Marxists

Karl Marx, fake scientist

Capitalism, poverty, exploitation, and cross-over exploitation

DSGE and profit―forget it! MMT and profit―forget it!

For details of the big picture see cross-references Profit

Because the pivotal economic concept profit is false the whole of economics is false. Economic policy guidance has no sound scientific foundations since Adam Smith/Karl Marx.

Egmont Kakarot-Handtke

#Economics #FailedScience #FakeScience #CargoCultScience #ScientificIncompetence #Economists #ProfitTheory #DeleteEconomics #ParadigmShift