“How delicious that, as we approach the bicentenary of his birth, Karl Marx should have turned into the thing he loathed above all: the prophet of an irrational faith.”
Read MoreSocialism and its cousin, Progressivism, are not the forward-thinking ideologies they pretend, but regressions to the natural tendencies of man.
Read Morefrom Sarah Hoyt, Poor Darlings: So the bright men and women who embraced Marxism for all things, particularly as a cure-all to the “greed” and “hatred” that had led to world war one were destined to be disappointed. The working class…
Read Morefrom Deirdre McCloskey at The New York Times, Equality, Liberty, Justice and Wealth: You may object that ideas are a dime a dozen and that to make them fruitful we must start with adequate physical and human capital and good institutions.…
Read More“This was all the more regrettable because, in a crony capitalist system, the huge gains of the few really do come at the expense of the many. There was an irony here. Perhaps Marx had been right all along! It…
Read MoreIn his book comparing the Chicago and Austrian schools of economics, Mark Skousen clarifies the various schools of thought by their faith in Capitalism. Marxists have no faith in capitalism. In the world of capitalism they are the atheists. “To…
Read MoreIn 1879 as Karl Marx was becoming popular in Europe Alfred Marshall wrote The Economics of Industry. Marx was a reaction to the principles of Adam Smith. Karl Marx focused on the distribution of an existing pie where Adam Smith…
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