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Opinion

It's time to normalize Karl Marx

Ryan Cooper
Illustrated | Wikimedia Commons, Digital Vision ii/Alamy Stock Photo
May 4, 2018
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Happy birthday to Karl Marx, who was born 200 years ago on May 5. He was the most astute and influential critic of capitalism in history — and also the most misunderstood.

It is long since time that Marx re-joined the community of ordinary intellectuals, considered as neither the terrifying harbinger of social upheaval, nor a secular pope with the eternally correct description of all human society. He was a genius, but in the end, only another human scholar with a brilliant but incomplete perspective.

For elite American economists, Marx has long been viewed as absolutely anathema, if not some kind of demon, producing an enormous taboo against seriously considering or even mentioning his ideas. Back in 2006, liberal Berkeley economist Calvin Klein Ponyhair RoundToe Flats w/ Tags buy cheap outlet sale classic cheap sale outlet locations limited edition WdK1rN
his book Capital would "introduce serious, permanent bugs into your wetware" (that is, your brain), and therefore reading it "should only be done by somebody with immunity to the mental virus — by a trained intellectual or social or economic historian, or by a trained neoclassical economist." In other words, the best person to crack the dread tome is someone who is already a committed right-winger.

This is absurd, if for no reason other than its lack of confidence in human reason. Any thinking person can read any book without brain damage, as there are no magic spells in real life. And as economist Branko Milanovic argues , Marx is incontestably one of the greatest and most influential intellectuals of all time, right up there with Aristotle and Augustine. If nothing else, he is worth examining for that reason alone.

But not only for that. Today, as against the neoclassicals who view the capitalist economy as a perfect self-regulating machine, Marx reminds us that capitalism has an inherent tendency towards crisis — and the purer the capitalist institutions, the worse these crises are. His historical grounding is refreshing in an economics profession that is far too often obsessed with arid mathematical theories bearing little or no relationship to reality.

His labor theory of value (something he took from classical economist David Ricardo, mind you) is not strictly correct. However it is certainly true that many if not most workers are being exploited for profit, and that on the other hand many owners of capital receive immense income for which they did nothing. Indeed, cheap sale outlet store authentic cheap online Coach Gemma Vegan Wedge Sandals geniue stockist buy cheap factory outlet latest cheap online TNuTs
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If your top-level folders on your course Materials pagehave a Must Complete rule, we recommend that you add completion rules to items inside of folders as well. This step gives students a way to complete the folder.

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