KARL MARX, the founder of materialistic socialism, is recognized by economists as one of the three or four greatest minds who have contributed to the progress of economic science. What he did was to ...

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 ...

Author’s Note: The following is an abridged and edited passage from the first chapter of my Invisible Leviathan: Marx’s Law of Value in the Twilight of Capitalism, published by Haymarket Books in 2019 ...

What makes something valuable? Karl Marx developed a distinct approach to answer this question—the “labour theory of value”.

Perma bear Nouriel Roubini concludes: "So Karl Marx, it seems, was partly right in arguing that globalization, financial intermediation run amok, and redistribution of income and wealth from labor to ...

Theories of crisis have always been intensely political. Different views of capitalist development and breakdown have always shaped, and been shaped by, political strategies. In the early and ...

More than a century after his death, Karl Marx still speaks mdash;perhaps uncomfortably mdash;to the lived realities of many ...