Was Marx Right?
by Philip Pilkington
Well, it looks like The New York Times has opened a bit of a can of worms by asking Was Marx Right?. I generally find that this question to be a bit annoying. Was Marx right about what, specifically? That labour is the True and Only source of value? No, he was wrong on that. That communism was an inevitable outgrowth of capitalism? He’s been wrong on that – so far, at least. That capitalism was prone to financial crises? Yes, he was quite right about that.
Source: http://econintersect.com/a/blogs/blog1.php/was-marx-right
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