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Carl Menger: The man who shattered Marx, mentored a prince, and rewrote capitalism’s rulebook
In 1867, Europe’s intellectual elite was captivated by Marx’s Das Kapital. Meanwhile, no one had heard of 31-year-old Carl ...
Exposition and refutation of the transformation problem of Bortkiewicz, dating from 1922 (Under the Banner of Marxism, no.7-8, p.145-153). Submitted by Noa Rodman on December 31, 2014 To illustrate ...
Cambridge Journal of Economics, Vol. 40, No. 3 (May 2016), pp. 913-939 (27 pages) This article distinguishes between two types of division of labour discussed by Smith. The ...
Though it may seem strange, Karl Marx was not always a communist. As late as 1842, when Marx was in his mid-20s, he actually said he opposed any attempt to establish a communist system. In October ...
Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Eric's career includes extensive work ...
The point of this brief and intentionally oversimplified review of economic history is to demonstrate that the political ends of the economic policymaking process have been dealing with what they see ...
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