Ep. 254 Karl Marx Was Kind of a Big Deal: A Response to Magness and Makovi
Bob Murphy Show
00:00
Marxism and the Problem of Capitalism
In practice, we see that the rate of return tends to be equalized across industries regardless of capital or labor intensity. That's the problem that Marx promised to solve in his later work. And then he died without having solved it. Even people who weren't Marxists, but just thinkers were saying, huh, this is an interesting thing. Let's see if we can grapple with this.
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