Source: Independent Institute
by Phillip W Magness
“To [Alex] Moskowitz, Marx is an epochal figure in the development of economic theory, and thus, it is ‘necessary’ to understand the discipline’s history. To almost any competent historian of economic thought, however, Marx was never more than a peripheral figure in the economics profession. … Marx’s theory has always carried an appeal to persons seeking a justification for revolutionary socialism, modern humanities professors among them. As an economic theory, however, it was never a part of the mainstream canon. Nor did it have any meaningful influence on the development of the discipline.” (01/13/25)
https://blog.independent.org/2025/01/13/no-marx-was-not-an-important-economist