American economics departments don't teach Karl Marx or Arthur Laffer for the same reason: Their economic theories were wrong ...

American economics departments don't teach Karl Marx or Arthur Laffer for the same reason: their economic theories were wrong ...

This column was originally published on the Ball State University Center for Business and Economic Research Weekly Commentary blog. By Michael J. Hicks December 14, 2025 American economics departments ...

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 ...

Theories of crisis have always been intensely political. Different views of capitalist development and breakdown have always shaped, and been shaped by, political strategies. In the early and ...

Paul Mattick, Business As Usual: The Economic Crisis and the Failure of Capitalism. London: Reaktion Books, 2011. David McNally, Global Slump: The Economics and Politics of Crisis and Resistance.

“One basis for life and another basis for science is an a-priori lie” — Karl Marx, Economic and Philosophical Manuscripts, 1845. Base-superstructure theory is Marx’s most general theory, but is long ...