Quote of the day by Karl Marx: “The theory of the Communists may be summed up in the single sentence: Abolition of private property.”

Karl Marx’s famous quote, “The theory of the Communists may be summed up in the single sentence: Abolition of private property,” spots a central concept of communist ideology. More than a century ...
Libcom

On one "contradiction" in the economic system of K. Marx - Sholom Dvolajtski

Exposition and refutation of the transformation problem of Bortkiewicz, dating from 1922 (Under the Banner of Marxism, no.7-8, p.145-153). Submitted by Noa Rodman on December 31, 2014 To illustrate ...
Medicine Buffalo

Workshop on Marx, Law, and the Administrative State

How should Marxism, broadly understood, approach law, regulation, and the administrative state—conceptually as well as strategically? Socialists have always been of two minds when confronted with the ...
Green Left Weekly

Imperialism and environmental degradation under the light of Marx’s value theory

Karl Marx’s economic theory is founded on the labour theory of value. In Marx’s Theory of Value at the Frontiers, Güney Işıkara and Patrick Mokre make a valuable contribution to Marxist economics, ...
The Star Press

Hicks: The failed theories of Art Laffer and Karl Marx in Indiana

The economic theories of both Karl Marx and Arthur Laffer are largely considered incorrect by mainstream economists. Laffer's theory, known as the Laffer Curve, incorrectly predicted that tax cuts ...
Investopedia

Conflict Theory Explained: Definition, Founder, and Key Examples

What you need to know about the Karl Marx theory Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading ...