Man, Money, and Goods

By John S. Qambs; William Snyder | Go to book overview

9. WHAT MARX MEANT

KARL MARX WAS BORN in 1818 and died in 1883. This means that in 1950 one living American in twenty was on this earth during part of Marx's lifetime. Stalin, though only a very little dictator then, was already four years old when Marx died. One needs to remind one's self of Marx's relative contemporaneity when one considers how great his influence is today. Though the sword (and the pistol behind the ear) has been used in his name, he himself used only the pen. If there had never been a Russian revolution or a Soviet Union, or even a social democratic party, his theories would have placed him high among the dissenters—or, for that matter, among economists of any persuasion, for even bitterly anti-Marxian economists recognize his genius.

As an economist, he built up a system as rounded, involved, abstract, subtle and hard-to-understand as any two or three orthodox economists put together. During his lifetime and after his death, disciples perfected the Marxian system. Among the greatest were his colleague Friedrich Engels and later Lenin (who turned theories into reality after gaining control of Russia for the Communist party). It is to these

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Man, Money, and Goods
Table of contents

Table of contents

  • Title Page *
  • Preface *
  • Contents *
  • Part One - Introductory *
  • 1 - Definitions First *
  • 2 - Rich World, Poor World *
  • Part Two - Standard Economic Theory *
  • 3 - Introduction to Standard Economic Theory *
  • 4 - Values and Prices *
  • 5 - The Price of Labor, Land, and Capital *
  • 6 - Recent Trends in Standard Theory *
  • 7 - Evaluation of Standard Theory *
  • Part Three - Dissenting Economic Theory 120
  • 8 - Introduction to Dissident Theory *
  • 9 - What Marx Meant *
  • 10 - Thorstein Veblen *
  • 11 - Evaluation of Dissident Theory *
  • Part Four - Special Problems 174
  • 12 - Boom and Bust *
  • 13 - Money *
  • 14 - The Banker's Job *
  • 15 - As Sure as Taxes *
  • 16 - American Dollars and World Goods *
  • Part Five - Conclusion *
  • 17 - What Next? *
  • Bibliography *
  • Index *
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