Source: The Daily Economy
by Surse Pierpoint
“In 1925, John Maynard Keynes dismissed Marx’s Capital as an obsolete economic textbook that no serious economist would still assign. He was not being contrarian. By the time he wrote that, the marginal revolution of the 1870s had already done the intellectual work: Jevons, Menger, Walras, and later Wicksteed, Marshall, and Böhm-Bawerk had dismantled the labor theory of value that Marx’s entire economic system rested on. Among economists, the argument was over, and Marx had lost it. So why does Marx remain one of the most cited authors in the humanities and social sciences, a century and a half after his death, in fields far removed from the one where his core claims were actually tested?” (08/03/26)
https://thedailyeconomy.org/article/the-coup-in-search-of-a-philosophy/