...He was brilliant economist, and his ideas(not really read up on the man al that much) offer some sage advice IMO.
He was a brilliant economist?
1. If economics is a 'science' in any way, then what we really need to do is to see how Marx would fit into the understanding of the way economic communities (economies) work. For me, it would be his insistence that all parties must have an adequate reward. If that does not happen, then the economic community has failed and there will be repercussions.
2.If economics is a 'science' in any way, then we should view the discussion, not just as whether any particular view is right or wrong, but on the way that view advances our understanding of the whole picture. We shoulod think of the arguments in the light of the scientific method.
Economics is not a hard science. You can't predict human behavior, and you can't re-run experiments. Economics is praxeology.
There once was a great auto mechanic. His name was Joe. He wanted to revolutionize the car. He thought, actually he *knew*, he could make it better. Just a fraction of the amazing features would be that the car would drive itself, use only 1% of the fuel, and the interior would be lush and comfortable with robot massage hands and champagne.
To achieve this goal, he was willing to take radical, revolutionary steps. The cornerstone of these steps was to make the car completely out of dog shit.
Joe is to Cars as Marx is to Economics. That is what we can learn.
MMM