I came across this as I was surfing:
http://web.mit.edu/krugman/www/keynes.html
It's one of Krugman's rants: you know, the usual, "If all these non-MIT-educated-economists would just shut up and listen to those of us who so obviously know better, Nirvana would result."
But it got me thinking: has there ever been a serious attempt to refute Marxian economics by a "mainstream" economist? The only thing I have been able to find in my (admittedly scant) reading has been of this character - just assume it away, call it "discredited", without ever telling the reader what it is. I remember reading one economics textbook's discussion of unemployment, which at least had the honesty to say "Marxists have their own explanation for unemployment, which we won't go into here."
Has anyone taken up the challenge in the last 150 years, or are they all cowards of the Krugman variety?
Jim Baird
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