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
also
On the blogs - Labor Theory of Value (LTV) Edition
Matias Vernengo | Associate Professor of Economics, Bucknell University
Note on Marx Today
ReplyDeleteThere 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
https://axecorg.blogspot.de/2017/11/the-profit-theory-is-false-since-adam.html
Ricardo and the invention of class war
https://axecorg.blogspot.de/2018/02/ricardo-and-invention-of-class-war.html
Profit for Marxists
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2414301
Karl Marx, fake scientist
https://axecorg.blogspot.de/2017/08/karl-marx-fake-scientist.html
Capitalism, poverty, exploitation, and cross-over exploitation
https://axecorg.blogspot.de/2018/04/capitalism-poverty-exploitation-and.html
DSGE and profit―forget it! MMT and profit―forget it!
https://axecorg.blogspot.de/2018/03/dsge-and-profit-forget-it-mmt-and.html
For details of the big picture see cross-references Profit
http://axecorg.blogspot.de/2015/03/profit-cross-references.html
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