Scotland—My recent travel in London and Scotland reminded me of my college days at the University of the Philippines School of Economics (UPSE) as I saw the statues of two great minds—Adam Smith and ...

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 ...

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 ...

Though it may seem strange, Karl Marx was not always a communist. As late as 1842, when Marx was in his mid-20s, he actually said he opposed any attempt to establish a communist system. In October ...

In November 1864, Karl Marx wrote a letter congratulating President Abraham Lincoln on his reelection to the White House. "From the commencement of the titanic American strife the workingmen of ...

Paul Mattick, Business As Usual: The Economic Crisis and the Failure of Capitalism. London: Reaktion Books, 2011. David McNally, Global Slump: The Economics and Politics of Crisis and Resistance.

The economic theories of both Karl Marx and Arthur Laffer are largely considered incorrect by mainstream economists. Laffer's theory, known as the Laffer Curve, incorrectly predicted that tax cuts ...

With populist movements surging around the world, there is no better moment to reacquaint oneself with the work of Karl Marx, who predicted our current economic condition back in the eighteen-hundreds ...

Karl Marx was a philosopher and revolutionary who, with Friedrich Engels, wrote "The Communist Manifesto," a pamphlet that provided a platform for the European socialist and communist parties during ...