Saturday, May 12, 2018

Steve Keen on Marx

This appeared in RT Karl Marx sacrificed logic on the altar of his desire for revolution
It is clear that Marx wrote over a long period and said inconsistent things. Various people have tried to put his insights together to find some consistent interpretations. For example David Harvey whose work was described by Benjamin Kunkel in LRB. Another is Michael Hudson and his latest note here .“Creating Wealth” through Debt: The West’s Finance-Capitalist Road. For both ‘credit’ and ‘rent’ are crucial concepts.
Another variation vis Yves Smith:

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