O'Reilly logo

Free Lunch: Easily Digestible Economics by David Smith

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

8Mulled Marx

Our next speaker is often not thought of as an economist at all but as a political philosopher, a revolutionary and hero of many a revolution, and the subject of tens of thousands of pilgrimages to his tomb in London’s Highgate cemetery. This is a strange omission, when for a time perhaps half the world was run on the principles of Marxist economics. If the late twentieth century was a victory for the economics of Adam Smith (and others), this was only after Marx had run him quite close. The global financial crisis that almost brought the capitalist system to its knees in 2008, and continued to have serious repercussions, gave him a new lease of life. ‘Karl Marx got it right, at some point capitalism can destroy itself,’ said the ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required