Was Karl Marx a Public-Choice Theorist?
By Michael C. Munger
Marx was often wrong on factual and theoretical grounds, and his prophecies and prescriptions were a disaster. His critique of capitalism in democracies, however, offers useful insights about ironic political coalitions; interest groups and collective action; and rent seeking and antitrust.
|Other Independent Review articles by Michael C. Munger|
|Winter 2020/21||Political Capitalism:How Economic and Political Power Is Made and Maintained|
|Winter 2020/21||The Hand behind the Invisible Hand:Dogmatic and Pragmatic Views on Free Markets and the State of Economic Theory|
|Fall 2020||Understanding the Blockchain Economy:An Introduction to Institutional Cryptoeconomics|
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