Krugman on Marx

Dennis R Redmond dredmond at OREGON.UOREGON.EDU
Thu Aug 13 19:41:34 PDT 1998


On Thu, 13 Aug 1998, Brad De Long wrote:


> Of course, it is hard to know what "Marxian economics" is these days.

Oh, it's simple. I have the Marxian Old Testament engraved on this silicon chip here, and it reads: (1) capital is useful but capitalism sucks, (2) soak the rich and spend on the rest of us, and (3) free and equal exchange with other members of the world-system (birds and bunny-rabbits included). All the rest is, you know, technique. You know, things like Clause 2.A.1.4, which says, a euro in the hand is worth two bubble-dollars in the bush. The Mephistophelean state-developmental devil is always in the details!

-- Dennis



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