Read Marx, Even If To Disagree

Karl Marx evokes strong reactions from both sides of the political spectrum. His work has inspired thousands of people to mobilise against class oppression, yet he remains taboo in several parts of the world. Economics is no exception. Interestingly, while economists often dismiss Marx’s work (Meadowcroft 2008), he is simultaneously used as a strawman by professors to ensure that his critique never receives sincere engagement.1 As evident from the dearth of heterodoxy in most economics departments globally — as of 2016, less than 120 economics departments were offering Postgraduate or Undergraduate programmes globally (Jakob Kapeller and Florian Springholz 2016), Marxist perspectives in economics remain at the fringe....

January 6, 2023 · 10 min · 2129 words · Madhushree Kulkarni