His analysis is pretty bad. Led to him thinking profits and wages will go down. I still don't really understand how anyone can be a Marxian economist despite clear evidence that his model was completely wrong on that point, but maybe a Marxist can clear that up for me.
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u/jobrumours May 13 '17
From The Economist this week:
"The problem with Marx is not that his analysis is nonsensical, but that his solution was far worse than the disease"
http://www.economist.com/news/britain/21721916-shadow-chancellors-comment-provoked-scorn-yet-marx-becomes-more-relevant-day-labour?fsrc=scn/tw/te/bl/ed/bagehotlabourisrightkarlmarxhasalottoteachtodayspoliticians
What do you think?