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View Diary: Owners of the world, unite (271 comments)

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  •  well of COURSE most economists reject Marx (3+ / 0-)

    Economics is after all not a science, and is just an apologetic for the existing social order.

    •  No.... (0+ / 0-)

      This is cheap rhetoric.

      I would say economics is the study of phenomena that occur in complex markets.

      People come up with wild economic theories in order to justify their social engineering schemes, but that is a separate issue from the fact that economics, strictly speaking, tries to find patterns and logic in the seemingly random activity of markets (which, ideally, would be free people making choices with their time and money).

      Marx was definitely a social engineer, but you notice he pretended to be an economic expert...and here you are, presumably a Marxist, saying that it's impossible to be an economic expert--inadvertently dismissing Marx as a fraud.

      I think real experts only state conclusively that certain basic principles--such as the usefulness of an honest price system--can be identified.

    •  I really disagree with that (0+ / 0-)

      comment.  It was certainly not my experience in academia.

      Marx is rejected because he was wrong on too many things to count.

      The bitter truth of deep inequality has been disguised by an era of cheap imported goods and the anyone-can-make-it celebrity myth - Polly Toynbee

      by fladem on Sun May 22, 2011 at 03:59:05 PM PDT

      [ Parent ]

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